Johnson v. Schultz, 2010 N.C. LEXIS 347 (N.C. Apr. 15, 2010)

This case "presents the question of how North Carolina law allocates the risk of loss between a buyer and a seller when the closing attorney in a residential real estate transaction embezzles the sales proceeds . We conclude that in most residential closings buyers possess practical advantages...

Landlord Is Burned, Bears Risk of Loss After Duck and Deer Hunting Lodge Burns Down

Insurance is a contract of personal indemnity and does not follow the title in the land. When parties enter into lease agreements of real or personal property both the lessor and lessee have an insurable interest in the property. Either one or both can individually insure his interest. Prudent lessors...