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Definition of Aleatory contract
1. 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).
Lexicographical Neighbors of Aleatory Contract
Literary usage of Aleatory contract
Below you will find example usage of this term as found in modern and/or classical literature:
1. A Treatise on Marine, Fire, Life, Accident and All Other Insurances by Joseph Asbury Joyce (1897)
"Insurance is an aleatory contract. 19. Insurance is a voluntary contract. 20.
Insurance is an executory contract. 21. ..."
2. An Outline of the Law of Insurance by Charles Burke Elliott (1895)
"Being a personal contract, it does not run with the land. Quarles v. Clayton, 87
Tenn. 308, 10 SW 505. § 8. AN aleatory contract. The French writers use the ..."
3. The Laws of Insurance: Fire, Life, Accident, and Guarantee: Embodying Cases by James Biggs Porter, William Feilden Craies (1889)
"*aleatory contract. Difference between contract of insurance [* 7 ] and
wager.—Insurance is at times an aleatory contract. So far as this means a contract ..."
4. The French Civil Code (as Amended Up to 1906) by France, Eric Blackwood Wright (1908)
"Speaking of aleatory contracts, he say» the difference between them and "commutative"
contracts is that in an aleatory contract each person only gets a ..."
5. A Treatise on the Law of Insurance of Every Kind by Joseph Asbury Joyce (1917)
"Insurance is an aleatory contract.—The derivation of tins word embodies the idea
of chance or uncertainty, and the contract is aleatory in the sense that it ..."
6. A Selection of Leading Cases in Equity: With Notes by Horace Binney Wallace, Frederick Thomas White, John Innes Clark Hare, Owen Davies Tudor (1877)
"The true requisite to the validity of a compromise, insurance, or other aleatory
contract, is not that the fact shall be uncertain, but that the parties ..."
7. A Digest of the Reported Decisions of the Superior Court of the Late by Territory of Orleans Superior court, Louisiana Court of Errors and Appeals, Louisiana Supreme Court (1861)
"Where, from accidents not within the control of either party, an aleatory contract
can never be determined, it becomes null and void ; or, ..."
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