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Template:Indemnity description: Difference between revisions
→Of the Animal Spirits
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===Of the Animal Spirits=== | ===Of the Animal Spirits=== | ||
Few things are more apt to excite an attorney's animal spirits than an [[indemnity]]. Why so, you might ask, for it is nothing more than a promise to pay a defined sum should pre-agreed circumstances arise? | |||
Indeed so, if used as the Lord* intended. An indemnity is a sensible way perhaps the only way | Indeed so, if used as the Lord* intended. An indemnity is a sensible way — perhaps the only way — to allocate the risks of externalities two merchants might encounter in agreeing to provide one another goods and services. | ||
{{box|An indemnity is nothing more than a contractual promise to pay a defined sum should a pre-agreed circumstance arise.}} | {{box|An indemnity is nothing more than a contractual promise to pay a defined sum should a pre-agreed circumstance arise.}} | ||
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====You keep saying "if properly crafted"==== | ====You keep saying "if properly crafted"==== | ||
Yes, I do. | Yes, I do. | ||
===Why all the anxiety?=== | ===Why all the anxiety?=== | ||
The questions in your mind should always be: | The questions in your mind should always be: | ||