Return-Path: Received: from legend.idworld.net ([209.142.64.9]) by ns1.olsusa.com (Post.Office MTA v3.5.3 release 223 ID# 0-64832U3500L350S0V35) with ESMTP id com for ; Tue, 28 Nov 2000 22:42:57 -0500 Received: from dell (unverified [209.142.71.17]) by legend.idworld.net (Rockliffe SMTPRA 4.5.4) with ESMTP id for ; Tue, 28 Nov 2000 21:50:45 -0600 Message-ID: <001a01c059b7$b63cd0a0$5e3cfea9@dell> From: "John Killian" To: Subject: Greg Nelsons liability plan Date: Tue, 28 Nov 2000 21:51:36 -0600 X-Mailing-List: lancair.list@olsusa.com Reply-To: lancair.list@olsusa.com Mime-Version: 1.0 <<<<<<<<<<<<<<<<--->>>>>>>>>>>>>>>> << Lancair Builders' Mail List >> <<<<<<<<<<<<<<<<--->>>>>>>>>>>>>>>> >> Greg In short, it simply will not work for many reasons. What if the new buyer only loses both leg and his eye sight? Life ins. would not help in this case. The statute of limitations for a contract case would have no bearing on a negligence case. Liability for a defective aircraft would be based on negligence not contract law. Brent S. is correct- not bad for a non-lawyer. Trusts, family partnerships are the way to go. John Killian John Killian >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> LML website: http://www.olsusa.com/Users/Mkaye/maillist.html LML Builders' Bookstore: http://www.buildersbooks.com/lancair Please send your photos and drawings to marvkaye@olsusa.com. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>