Amendment status not verified — confirm the current text below against the official source.
Clause (c) omitted by s. 2, ibid. 7 by conditions pertaining to the employment, for amounts of insurance based upon a plan which precludes individual selection :] (20) ―Policy of sea-insurance‖ or ―sea-policy‖. — ―Policy of sea-insurance‖ or ―sea-policy‖— (a) means any insurance made upon any ship or vessel (whether for marine or inland navigation), or upon the machinery, tackle or furniture of any ship or vessel, or upon any goods, merchandise or property of any description whatever on board of any ship or vessel, or upon the freight of, or any other interest which may be lawfully insured in, or relating to, any ship or vessel, and (b) includes any insurance of goods, merchandise or property for any transit which includes, not only a sea risk within the meaning of clause (a), but also any other risk incidental to the transit insured from the commencement of the transit to the ultimate destination covered by the insurance: Where any person, in consideration of any sum of money paid or to be paid for additional freight or otherwise, agrees to take upon himself any risk attending goods, merchandise or property of any description whatever while on board of any ship or vessel, or engages to indemnify the owner of any such goods, merchandise or property from any risk, loss or damage, such agreement or engagement shall be deemed to be a contract for sea-insurance: (21) ―Power-of-attorney”.— ―power-of-attorney‖ includes any instrument (not chargeable with a fee under the law relating to Court-fees for the time being in force) empowering a specified person to act for and in the name of the person executing it: (22) ―Promissory note”.— ―promissory note‖ means a promissory note as defined by the Negotiable Instruments Act, 1881 (XXVI of 1881): It also includes a note promising the payment of any sum of money out of any particular fund which may or may not be available, or upon any condition or contingency which may or may not be performed or happen: (23) ―Receipt”. — ―receipt‖ includes any note, memorandum or writing— (a) whereby any money, or any bill of exchange, cheque or promissory note is acknowledged to have been received, or (b) whereby any other moveable property is acknowledged to have been received in satisfaction of a debt, or (c) where by any debt or demand, or any part of debt or demand, is acknowledged to have been satisfied or discharged, or (d) which signifies or imports any such acknowledgment, and whether the same is or is not signed with the name of any person; 1*** (24) ―Settlement”. — ―settlement‖ means any non-testamentary disposition, in writing, of moveable or immovable property made— (a) in consideration of marriage, (b) for the purpose of distributing property of the settler among his family or those for whom he desires to provide, or for the purpose of providing for some person dependent on him, or (c) for any religious or charitable purpose: