Inherent Vice Law and Legal Definition
‘Inherent vice’ is a hidden defect in a good or property which is causes or contributes to its deterioration, damage, or wastage. This characteristics or defects of inherent nature make the item an unacceptable risk to a carrier or insurer. In case the characteristic or defect is not visible, or in cases where the carrier or the insurer has not been warned of it, neither of them may be liable for any claim arising solely out of the inherent vice. Examples of inherent vice include spontaneous combustion, rust etc.
Legal Definition list
Related Legal Terms
- Absent Uniformed Services Voter
- Acceptable Identification of Goods and Services Manual
- Acceptable Quality Level [Agricultural Marketing Service]
- Acceptance [Agricultural Marketing Service]
- Acceptance of Service Agreement
- Access Device
- Action for the Loss of Services
- Active Military Service
- Active Military, Naval, or Air Service
- Actuarial Services [Employee Retirement]
