An aleatory contract is a contract in which the performance of one or both parties is contingent upon the occurrence of a particular event. The most common type of aleatory contract is an insurance policy. Such an insurance contract may be a boon to one party but create a major loss for the other, as more in benefits may be paid out than actual pr...
Found on
http://en.wikipedia.org/wiki/Aleatory_contract
[
n] - a contract whose performance by one party depends on the occurrence of an uncertain contingent event (but if it is contingent on the outcome of a wager it is not enforceable)
Found on
http://www.webdictionary.co.uk/definition.php?query=aleatory%20contract
noun a contract whose performance by one party depends on the occurrence of an uncertain contingent event (but if it is contingent on the outcome of a wager it is not enforceable)
Found on
https://www.encyclo.co.uk/local/20974
No exact match found.
