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Simple English definitions for legal terms

hazardous contract

Read a random definition: tacit-relocation doctrine

A quick definition of hazardous contract:

A hazardous contract is a type of contract that involves a risk or uncertainty for one or both parties. This type of contract is also known as an aleatory contract. A contract is an agreement between two or more people that creates legal obligations. It can be a written document or a verbal agreement. The legal relations resulting from the agreement consist of rights and duties, and the sum of these legal relations is called an obligation. A hazardous contract is one where the outcome is uncertain, and there is a chance of loss or gain for one or both parties.

A more thorough explanation:

A hazardous contract is a type of contract that is considered risky or uncertain for one or both parties involved. It is also known as an aleatory contract. This type of contract is based on an uncertain event or outcome, and the parties involved may not know the exact outcome or consequences of the contract.

  • Insurance policies are a common example of hazardous contracts. The policyholder pays a premium to the insurance company, and in return, the insurance company agrees to pay out a certain amount of money if a specific event occurs, such as a car accident or a house fire. The outcome of the contract is uncertain, as the event may or may not happen.
  • Another example of a hazardous contract is a gambling agreement. The parties involved agree to bet on a certain outcome, such as the winner of a sports game or the roll of a dice. The outcome is uncertain, and one party may win or lose money based on the result.

These examples illustrate how a hazardous contract is based on an uncertain event or outcome, and the parties involved may not know the exact consequences of the contract. This type of contract can be risky for one or both parties, as the outcome may not be in their favor.

hazardous cargo | hazardous employment

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General

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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