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LSDefine

Simple English definitions for legal terms

aleatory

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A quick definition of aleatory:

Aleatory: When something is aleatory, it means that it depends on a chance event that may or may not happen. This term is often used to describe insurance contracts, which are agreements that only come into effect if something unexpected happens. For example, if you buy fire insurance for your house, the insurance company will only pay you if your house burns down due to a specific cause, like lightning. If your house burns down for a different reason, the insurance company won't have to pay you anything.

A more thorough explanation:

Aleatory means that something is dependent on an uncertain event or chance occurrence. This term is often used to describe insurance contracts.

An aleatory contract is a type of contract where the performance of the promise is dependent on the occurrence of a fortuitous event. In other words, one party performs an absolute act, and the other party's promise to perform an act is based on the chance of a specific event happening.

For example, a fire insurance company promises to pay a homeowner $20,000 if their house burns down due to lightning. The homeowner pays a premium for this coverage. However, if the house burns down due to an overheated fireplace, the insurance company is not liable.

Another example of an aleatory contract is a gambling agreement. In this type of contract, the performance of the promise is dependent on the outcome of a game of chance.

Overall, aleatory contracts are based on the idea that the performance of the contract is uncertain and dependent on a chance event.

Alcoholic beverages - State statutes | Alford plea

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General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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