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Vague contractual terms Provisions in a contract which are difficult to understand.

Valuation The Probate Court can appoint a valuation expert to determine the value of an estate asset, cf. part 26 of the Danish Administration of the Estates of Deceased Persons Act. The valuation is binding on the beneficiaries, the Probate Court and the tax authorities, cf. section 12(2) of the Danish Estate Duty Act.

Verbal agreement An agreement only made verbally. Such agreement is binding on the parties, but evidence problems may arise in the event of disagreement.

Vicarious liability An employer’s liability for damage caused by an employee, cf. 3-19-2 of the Danish Law of King Christian V.

Vicarious liability The employer’s liability in damages for claims caused by employees during their work, cf. 3-19-2 of the Danish Law of King Christian V.

Vitiating factor capable of rendering a contract void only if the addressee had notice of them  An objection to invalidity which is not retained towards bona fide acquirers. For example, fraud is such a factor.


Vitiating factor capable of rendering a contract void whether or not the addressee had notice of them

An objection on invalidity retained towards bona fide buyers. Theft and forgery are examples of such vitiating factors.

Voluntary mortgage

Mortgage which depends on the owner’s statement. Unlike a charge, e.g. execution.


 

Til top Sidst opdateret: 11-01-2010 
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