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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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Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
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