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LSDefine

Simple English definitions for legal terms

aleatory

Read a random definition: multiperil policy

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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glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
13:53
let it rock
14:17
How are the vibes heading into thanksgiving yall?
HopefullyInLawSchool
14:17
@Law-Guy Im feeling kinda happy I applied YM to UCI hoping it helps (:
Wanna give some head
soap
14:18
Cornell
14:19
@HopefullyinLawSchool What's YM?
14:19
oh no
HopefullyInLawSchool
14:19
you mom
WorthlessAttractiveZombie
14:19
Ouch
HopefullyInLawSchool
14:19
your*
14:19
I fear I realized too late
babycat
14:20
another victim claimed
concorde
14:22
pwned
14:22
Might have to send in addendums for that
Dkk
14:26
No wave, so sad.
WorthlessAttractiveZombie
14:28
What are the odds that berk releases later today?
babycat
14:28
@Dkk: And here I thought you were a prophet. Smh.
14:33
@WorthlessAttractiveZombie: 4
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