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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

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