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As a co-owner does the fractional owner have responsibility to third parties for the negligence of another co-owner?

April 26, 2017co-owner fractional negligence owner Parties responsibility

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As a co-owner does the fractional owner have responsibility to third parties for the negligence of another co-owner?

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The insurance provided by the aircraft management company typically contains a “breach of warranty endorsement” protecting one owner from claims brought by third parties for negligence by the management company or other owners.