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Simple English definitions for legal terms

aleatory contract

Read a random definition: natis et nascituris

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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13:38
love you too bby
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.
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