| Commentary

228 Insurance

| Commentary

228 Insurance

Subject to contrary agreement, the risk in the business assets sold will pass to the buyer on exchange of contract or, where the contract is conditional, on fulfilment of the condition. The buyer should arrange for his own insurance to be in place in time to cover this risk.

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial