Inherent Vice...longer legal/business definition....play with the nuances
Mark Kohut
markekohut at yahoo.com
Sat Sep 12 14:27:20 CDT 2009
The term 'inherent vice' is a legal tenet referring to a "hidden defect (or the very nature) of a good or property which of itself is the cause of (or contributes to) its deterioration, damage, or wastage. Such characteristics or defects make the item an unacceptable risk to a carrier or insurer. If the characteristic or defect is not visible, and if the carrier or the insurer has not been warned of it, neither of them may be liable for any claim arising solely out of the inherent vice." (Business Dictionary)
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