aleatory contract

Also found in: Dictionary, Legal, Financial, Wikipedia.
Related to aleatory contract: contract of adhesion
Graphic Thesaurus  🔍
Display ON
Animation ON
  • noun

Words related to aleatory contract

a contract whose performance by one party depends on the occurrence of an uncertain contingent event (but if it is contingent on the outcome of a wager it is not enforceable)

Related Words

Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
If damages based upon a theory of probability is a sound approach for aleatory contracts, why is it unsound as to other contracts?
For instance, in the case of the aleatory contract of life annuity, constituted on an onerous title, the chances of gain and, respectively of losses exist for both parties, being thus, bilateral.
We should keep in mind, though, that insurance is still an aleatory contract, sort of like gambling.
Under this proposal, the Aleatory Contracts and Signification of
Part II treats specific contracts and covers agency; bailment; aleatory contracts; sale of goods; hire of work & skills, building contracts; lease, commercial and agricultural leases; compromise settlement; suretyship; pledge; loans; contracts with the government and other public administrations; contract of partnership; and quasi-contracts.
The Civil Code of 1864 devoted three articles to the contract of gaming and betting in the Title 13 About aleatory contracts, Chapter I About aleatory contracts in general, according to which: "The law gives no action to pay a debt in the game or wager" (Article 1636); "The games that contribute to physical exercises are exempted, as follows: weapons, races on foot, horseback or by cart and the bike.
On the contrary, the Romanian doctrine allows for the application of unforeseeability in aleatory contracts by removing the speculative ones (Zams.a, 2006).
subset in a series of aleatory contracts. Where multiple contracts