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LSDefine

Simple English definitions for legal terms

chance bargain

Read a random definition: defensiva

A quick definition of chance bargain:

A chance bargain is when two people agree to take a risk that things might not be exactly as they thought when they made a deal. As long as no one lied or tricked the other person, a court will say the deal is fair. For example, if two people trade land and one piece turns out to be bigger or smaller than they thought, they can't change the deal.

A more thorough explanation:

A chance bargain is a type of contract where both parties agree to accept the risk that the facts and circumstances assumed at the time of contracting may not be what they believed. This means that if there is no fraud or misrepresentation involved, a court will uphold the agreement.

One example of a chance bargain is a land swap. In this case, each deed may describe a tract of land as containing a certain number of acres "more or less." If the tract is actually larger than described, the seller cannot demand more money for the excess. Similarly, if the tract is actually smaller, the buyer cannot ask for a reduced price to make up for the deficiency.

Another example of a chance bargain is a sale of goods where the buyer agrees to accept the risk that the goods may not be of the quality or quantity expected. For instance, if a buyer purchases a box of apples and agrees to accept the risk that some of the apples may be rotten, the seller cannot be held liable for the bad apples.

These examples illustrate how chance bargains work. Both parties agree to accept the risk that things may not turn out as expected, and as long as there is no fraud or misrepresentation, the agreement will be upheld by a court.

chance | Chancellor, Lord

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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
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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