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LSDefine

Simple English definitions for legal terms

aleatory promise

Read a random definition: dedi et concessi

A quick definition of aleatory promise:

An aleatory promise is a type of promise that is dependent on the occurrence of a chance event or an event that the parties believe is chance. It is a conditional promise that is not certain to happen. For example, a promise to pay someone if it rains tomorrow is an aleatory promise because it depends on the chance of rain. This type of promise is different from a binding promise, which is a promise that the law will enforce.

A more thorough explanation:

An aleatory promise is a type of promise that is conditional on the occurrence of a fortuitous event, or an event that the parties believe is fortuitous. This means that the promise will only be fulfilled if something specific happens, like winning the lottery or a certain stock price increasing.

For example, if a person promises to give their friend $100 if their favorite sports team wins the championship, that is an aleatory promise. The promise is only valid if the team wins the championship, which is a fortuitous event.

Another example of an aleatory promise is a contract between an insurance company and a policyholder. The policyholder pays premiums to the insurance company, and in return, the insurance company promises to pay out a certain amount of money if a specific event occurs, like a car accident or a house fire.

aleatory contract | alegal

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] 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.
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