Constructive Total Loss Law and Legal Definition
Constructive Total Loss occurs when a vessel or cargo is so damaged that an actual total loss is inevitable. It is the situation where the part or remnant remaining can only be recovered and repaired at a cost exceeding the insured property’s value.
Legal Definition list
- Constructive Taking
- Constructive Res Judicata
- Constructive Reduction to Practice [Patents]
- Constructive Receipt
- Constructive Possession
- Constructive Total Loss
- Constructive Trust
- Constructive-Receipt Doctrine
- Constructuve Fraud
- Consuetudo Est Altera Lex
- Consuetudo Ex Certa Causa Rationabili Usitata Privat Communem Legem
