aleatory contract

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Related to Aleatory contracts: contract of adhesion, Unilateral Contracts
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Noun1.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)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)
contract - a binding agreement between two or more persons that is enforceable by law
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?
An aleatory contract is one in which at least one party is under a duty that is conditional on the occurrence of an event that, so far as the parties to the contract are aware, is dependent on chance.