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Contract bond guaranteeing that the sub trades and suppliers will be paid for the work and materials that enter into the project.

Bill of See Bill Of Lading.

Generally, the materials of the earth, including fields, meadows, moors, waters, and rock.

Bond guaranteeing land will be restored to an acceptable condition, e.g., garbage disposal sites, quarries, etc.

One who owns property and leases it to another.

Denotes the contractual relationship between lessor and lessee.

Termination of insurance policy because of failure to pay the premium.

Insurance policy on which there has been default in payment of premiums.

Unlawful taking away of goods or property of another without the owner’s consent and against his will.

This doctrine imposes upon one a duty to exercise ordinary care to avoid injury to another who has negligently put himself in a dangerous position, and who appears not to recognize the danger or is unable to avoid it. Necessary elements of doctrine of “last clear chance” are: (1) plaintiff was negligent by placing himself in a position of immediate danger, (2) plaintiff was unable to remove himself from such peril by the exercise of reasonable care, (3) defendant discovered or should have discovered plaintiff’s dangerous situation in time so that by exercising reasonable care he could have erbe3nted the accident, (4) defendant failed to exercise any reasonable care, and (5) defendant had the last clear chance to prevent the accident.