Common use of Responsibility for Loss or Theft Clause in Contracts

Responsibility for Loss or Theft. ● In the event the Computer is lost, the Student and Parent will be billed the full cost of replacement. ● In the event the Computer is stolen, a police report must be filed. ● In either scenario, if the computer is recovered in undamaged condition within a reasonable time frame, the payment may be refunded.

Responsibility for Loss or Theft. ● In the event the Computer is lost, the Student and Parent will be billed the full cost of replacement. ● In the event the Computer is stolen, a police report must be filedfiled. ● In either scenario, if the computer is recovered in undamaged condition within a reasonable time frame, the payment may be refunded.

Responsibility for Loss or Theft. ● In the event the Computer is lost, the Student and Parent will be billed the for full cost of replacementreplacement cost. ● In the event the Computer is stolen, a police report must be filedfiled and the Student and Parent will be responsible for the $250 deductible. ● In either scenario, if the computer Computer is promptly recovered in undamaged condition within a reasonable time frame, the payment may be refunded.