Explain the principle of implied warranties applicable to Marine Insurance....
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A warranty may be express or implied. ... The implied warranties of sea worthiness and legality are true implied warranties in that their existence is assumed at law and would form part of any contract of marine insurance unless inconsistent with an express warranty in the contract.
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A warranty may be express or implied. ... The implied warranties of sea worthiness and legality are true implied warranties in that their existence is assumed at law and would form part of any contract of marine insurance unless inconsistent with an express warranty in the contract.
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