Valuation
Estimation of the value of an item, usually by appraisal
Valued Policy
An insurance contract in which the value of the thing insured and the amount to be paid in case of total loss is settled at the time of making the policy
Vicarious Liability
In law, liability arising out of imputed negligence
Void
Of no force or effect: null
Void Contract
A contract obtained by fraud is a void contract
Voidable Contract
A contract, which is valid until it is treated as void by the aggrieved party, is a voidable contract.
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