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LSDefine

Simple English definitions for legal terms

hazardous contract

Read a random definition: Extravagantes

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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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.
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
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