Definition of ABANDONMENT


ABANDONMENT

In maritime
contracts in the civil law, principals are
generally held indefinitely
responsible for the obligations which their
agents have contracted relative
to the concern of their commission but with
regard to ship owners there is
remarkable peculiarity, they are bound by
the contract of the master only
to the amount of their interest in the
ship, and can be discharged from
their responsibility by abandoning the
ship and freight. Poth. Chartes
part. s. 2, art. 3,51, Ord. de la
Mar. des proprietaires, art. 2, Code de
Com. 1. 2, t. 2, art. 216.


Source: Bouviers Law Dictionary 1856 Edition

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