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LSDefine

Simple English definitions for legal terms

restaur

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A quick definition of restaur:

Restaur: A term used in insurance, especially for marine underwriters, to describe the recourse they have against each other based on the date of their insurance. It can also refer to the recourse that marine insurers have against a ship's master if a loss occurs due to their fault or negligence, or the recourse that one has against a guarantor or other person under a duty to indemnify.

A more thorough explanation:

Definition: Restaur (res-tor) refers to the recourse that insurers, especially marine underwriters, have against each other based on the date of their insurance. It can also refer to the recourse that marine insurers have against a ship's master if a loss occurs due to the master's fault or negligence. Additionally, it can refer to the recourse that one has against a guarantor or other person under a duty to indemnify. Restaur is also spelled as restor.

  • Example 1: If a ship sinks and the loss is covered by multiple insurers, the insurers will have to determine their liability based on the date of their insurance. The insurer who provided coverage first will have the first right to claim against the other insurers. This is an example of restaur.
  • Example 2: If a ship's master is found to be negligent and the ship incurs a loss, the marine insurer can claim against the master for the loss. This is another example of restaur.
  • Example 3: A person who has guaranteed the payment of a loan can be held liable if the borrower defaults on the loan. In this case, the lender can claim against the guarantor for the amount due. This is also an example of restaur.

These examples illustrate how restaur works in different scenarios. In each case, there is a party who is liable for a loss, and another party who has the right to claim against them. Restaur helps to determine the order of liability and ensures that the parties involved are held accountable for their actions.

restater | restitutio in integrum

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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