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John,
OK, I understand your argument, but so what if the buyer loses his eyesight
and a leg? the hold harmless/indemnity clause would still be valid unless
he dies. Isn't that correct? I guess if he becomes mentally incapacitated
but does not die, that would be another story. Right? Also, I don't see
what statute of limitations has to do with this discussion. Did I miss
something?
Regards,
John Barrett
www.carbinge.com
Life ins. would not help in
this case. The statute of limitations for a contract case >would have no
bearing on a negligence case. Liability for a defective >aircraft would be
based on negligence not contract law. Brent S. is >correct- not bad for a
non-lawyer. Trusts, family partnerships are the way to >go. John Killian
LML website: http://www.olsusa.com/Users/Mkaye/maillist.html
LML Builders' Bookstore: http://www.buildersbooks.com/lancair
Please send your photos and drawings to marvkaye@olsusa.com.
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