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They got the thing half-built, placed a noncancelable order for the snow generators.
In October 1992, after he refused requests for more money, leaders of the police union canceled a contract that was supposedly noncancelable.
The average annual premium for noncancelable policies is around $1,700, according to a 2006 Wall Street Journal report.
Mr. Wedell did, using the money he had earned over the years as a broker to put up a five-year, noncancelable letter of credit.
These are restricted fares and are nonrefundable, noncancelable.
"It's a common misconception among consumers that all contracts are noncancelable," Mr. Walker said.
Five advertisers have signed noncancelable three- and four-year contracts to back the channel, Mr. Whittle said.
He said that because the airlines advertise their fares in New York City, they violate the law that bars businesses from selling noncancelable contracts.
Because reservations are noncancelable, "we urge clients to take out cancellation insurance," said Alfredo Merat, the president of Overseas Connection Inc.
"Under Regulation 404 of the New York City Consumer Protection Law, you cannot have a noncancelable contract for consumer services unless the seller has provided all the services," Ms. Kruger said.
Originally sought as floating residences for evacuees, the ships have been shifted to another use by the government, which signed a noncancelable contract for them and two others in the days immediately after the flooding caused by Hurricane Katrina.
Regulation 404 of the City Consumer Protection Law includes the following sentence: "A contract for consumer goods or services may not be described as noncancelable unless the seller has performed all its obligations at the time the consumer signs the contract."
There are two main types of policies: noncancelable, in which both the premium and the benefits remain unchanged over the life of the policy; and guaranteed renewable, a substantially cheaper option with fixed benefits that allows the insurer to increase the premiums in some cases.
Some AIDS Tests Permitted The new regulations, which may still be changed after public hearings, allow insurance companies to give AIDS tests to applicants for individual life and noncancelable disability insurance, but they prohibit testing applicants for health insurance and group life and disability policies.