aleatory contract Sentence Examples
- In business, an aleatory contract, such as insurance, involves an uncertain event determining the outcome.
- The lottery ticket purchase is an example of an aleatory contract, as the prize is contingent on chance.
- Gambling agreements often fall under the category of aleatory contracts, where the result is uncertain and depends on luck.
- The terms of the aleatory contract stipulated that the payment would be triggered only if the specified event occurred.
- The insurance policy was an aleatory contract, with the insurer providing coverage based on unforeseen and unpredictable events.
- The parties entered into an aleatory contract for a real estate deal, contingent on the successful rezoning of the property.
- The artist and the gallery owner signed an aleatory contract, with the artist's earnings tied to the sales of their artwork.
- The construction contract had an aleatory nature, with payments dependent on the completion of certain milestones.
- The contract for the delivery of goods had an aleatory element, as delays due to unforeseen circumstances could affect the terms.
- The agreement between the two companies was an aleatory contract, as the profits were linked to market fluctuations beyond their control.
aleatory contract Meaning
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)
Synonyms & Antonyms of aleatory contract
No Synonyms and anytonyms found
FAQs About the word aleatory contract
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 no
No synonyms found.
No antonyms found.
In business, an aleatory contract, such as insurance, involves an uncertain event determining the outcome.
The lottery ticket purchase is an example of an aleatory contract, as the prize is contingent on chance.
Gambling agreements often fall under the category of aleatory contracts, where the result is uncertain and depends on luck.
The terms of the aleatory contract stipulated that the payment would be triggered only if the specified event occurred.
