New Jersey Statutes > Title 59 > Chapter 11 – Authority to Settle Claims
Current as of: 2023 | Check for updates
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| § 59:11-1 | Authority to settle claims |
Terms Used In New Jersey Statutes > Title 59 > Chapter 11 - Authority to Settle Claims
- Contract: A legal written agreement that becomes binding when signed.
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
- Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.