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LSDefine

Simple English definitions for legal terms

aleatory contract

Read a random definition: conjectio causae

A quick definition of aleatory contract:

An aleatory contract is a type of agreement between two or more parties that is enforceable by law. It is a contract that is dependent on an uncertain event, such as a natural disaster or a lottery. The outcome of the event will determine the obligations of the parties involved. For example, if a person buys insurance, they are entering into an aleatory contract because the payout is dependent on an uncertain event, such as a car accident or a house fire.

A more thorough explanation:

An aleatory contract is a type of contract where the performance of one or both parties depends on an uncertain event. This means that the outcome of the contract is uncertain and depends on chance or luck.

For example, an insurance contract is an aleatory contract because the payment of the insurance premium is made in exchange for the possibility of a future event, such as a car accident or a house fire. The insured party may or may not experience the event, and the insurance company may or may not have to pay out the claim.

Another example of an aleatory contract is a gambling contract, where the outcome depends on chance or luck. For instance, if you bet on a horse race, you are entering into an aleatory contract because the outcome of the race is uncertain and depends on the performance of the horses.

Overall, aleatory contracts are unique because they involve an element of risk and uncertainty, which can make them exciting but also risky.

aleator | aleatory promise

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[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
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
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