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Valenzuela Hardwood & Industrial Supply Inc. entered into an agreement with Seven Brothers Shipping Corporation to transport 940 logs by ship. The logs were insured with South Sea Surety and Insurance Co. However, the ship sank, losing the logs. South Sea cancelled the insurance policy, claiming non-payment of premium. Valenzuela sued both companies. The court found for Valenzuela. On appeal, the court ruled that in a private carriage contract, the parties can agree that the ship owner is not liable for car

Author

quasideliks

Language

EN