What happens when I purchased a car,which I paid off, did have insurance at the time of purchase, but the car needs a left axyl, the O2 censors keep coming on, and it was recalled? I understand the manufacturer is responsible for the defects.
And there is no legal system in the world where the insurance is a unilateral contract. The assured bears the most significant part of the parties' obligations at each particular stage of the development in their contractual relations, even before the contract is made.
Thank you for a nice presentation. The concept of the insurance contract in the UK seems to be different in that the insurer's consideration is a promise to safeguard the assured against the loss, not to compensate for the loss suffered, which is a secondary obligation, i.e. the liability of the insurer arising out of his constant failure to safeguard against the loss. Stupid and very inconvenient concept.
