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Aleatory contract

Definition of the noun aleatory contract

What does aleatory contract mean as a name of something?

noun

  1. 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)
    • lexical domain: Communicative Processes - nouns denoting communicative processes and contents
    • more generic word: contract = a binding agreement between two or more persons that is enforceable by law

Printed dictionaries and other books with definitions for Aleatory contract

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Google previewThe Revised Civil Code of the State of Louisiana (1887)

by Louisiana

The aleatory contract is a mutual agreement, of which the etlects, with respect both to the advantages and losses, whether to all the parties or to one or more of them, depend on an uncertain event. Art. 2983. [2952.] — The law grants no action ...

Google previewDictionary of Legal Terms, 5th edition

by Steven H. Gifis

ALEATORY CONTRACT see aleatory [ALEATORY CONTRACT]. BILATERAL CONTRACT one in which there are mutual promises between two parties, each being both a promisor and a promisee. CONDITIONAL CONTRACT a contract ...

Google previewConcise Encyclopedia of Insurance Terms (2010)

by Lawrence Silver, Robert E Stevens, Kenneth Clow

A contract is an aleatory contract when it meets one or both of two conditions. One condition is that the execution or performance under the contract depends on a contingency or random event that is beyond the control of either party to the ...

Google previewDebtor's Dictionary (2010)

The American Encyclopedia of Consumer Credit by Sidney Moore

Aleatory Contract——A contract under which a person pays money on the chance of obtaining a greater amount of money in return, upon the occurrence of a specific event—such as a gambling contract or an insurance policy. Usually illegal ...

Google previewThe American and English Encyclopedia of Law and Practice (1909)

by William Mark McKinney, David Shephard Garland

ALEATORY CONTRACT.-—-A contract “is aleatory or hazardous, when the performance of that which is one of its objects depends on an uncertain event.” 2 ALFALFA. —- Alfalfa, it is said, is not a grass indigenous to the land of California; it is ...

Google previewA Concise Legal Dictionary Adapted for the Use of Law Students and All Persons Studying the Fundamentals of English and American Law (1909)

by Charles Erehart Chadman

Aleatory contract. A hazardous contract; a contract of risk; as a contract of insurance. Alias. Otherwise; at another; at another time; at other times; on another occasion; formerly; before. A second or further writ, issued after a capias is sued out ...

Google previewWebster's New World Law Dictionary (2010)

by Jonathan Wallace, Susan Ellis Wild

aleatory contract. A contract in which the performance promised by at least one party depends upon the occurrence of an uncertain future event. For example, a contract with an insurance ...

Google previewDictionary of Health Insurance and Managed Care (2006)

by David E. Marcinko, MBA, CFP, CMP

ALEATORY CONTRACT: Health insurance contract that may or may not provide more in monetary medical benefits than the aggregate amount of premiums paid. See Adhesion Insurance. ALIEN CARRIER: An insurer whose domicile is a ...

Google previewGilbert Pocket Size Law Dictionary 3d (2014)

by Publishers Editorial Staff

aleatory contract .

Google previewA Concise Law Dictionary of Words, Phrases, and Maxims (1911)

With an Explanatory List of Abbreviations Used in Law Books by Frederic Jesup Stimson

Aleatory contract: one the performance of which on either or both sides depends on an uncertain event. Bilateral contract: one consisting of two promises, one made on each side, mutual consideration for each other; in contradistinction from a ...

Google previewDictionary of Eclectic Shorthand (1894)

Giving the Phonetic and Shorthand Equivalents of the Primitive Words and the Various Classes of Derivative Words of the English Language. Also, Several Vocabularies of Technical Terms

Contingent ctmtnjnt Continual claim contnl clam Continuance contnns Contra contra Contract contrct Aleatory contract ai-trcntrct Bilateral contract b»ltrlcntrct Unilateral contract u«ltrlcntrct Consensual contract Cimsnslcntrct Executed contract ...

Google previewDictionary of Finance, Investment and Banking (2016)

by E. Banks

INSURANCE A legally binding ALEATORY CONTRACT between two parties (the INSURER as protection provider and the INSURED as protection purchaser) that exchanges an ex-ante PREMIUM for an ex-post financial SETTLEMENT in the ...

Google previewDictionary for Business & Finance (1995)

by John V. Terry

aleatory contract ...

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