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 ?
Under this proposal, the Aleatory Contracts and Signification of
Insurance policies are known as aleatory contracts. An aleatory contract is defined as "an agreement concerned with an uncertain event that provides for unequal transfer of value between the parties.
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).