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Definition of Contract of hazard
1. Noun. A sale of a tract of land as a whole without a warranty as to the acreage.
Lexicographical Neighbors of Contract Of Hazard
Literary usage of Contract of hazard
Below you will find example usage of this term as found in modern and/or classical literature:
1. Reports of Cases Decided in the Circuit Courts of the United States for the by Robert William Hughes (1880)
"318), "This (stipulation) changes a sale by the acre into a contract of hazard,
and necessarily excludes the interposition of equity on the ground of ..."
2. South Eastern Reporter by West Virginia Supreme Court of Appeals, West Publishing Company, South Carolina Supreme Court (1921)
"It must be remembered, however, that the parties were not entering into a contract
of hazard ; that before agreeing upon the terms of sale they both ..."
3. Lawyers' Reports Annotated by Lawyers Co-operative Publishing Company (1905)
"... for if it was a contract of hazard, in which each party took upon himself the
risk of excess or deficiency, there can be no relief afforded to either, ..."
4. Judicial and Statutory Definitions of Words and Phrases by West Publishing Company (1905)
"When a sale In gross is used equivalent to a contract of hazard, the term is
properly applicable, not to price, but to the subject; for a sale by the acre ..."
5. Federal Decisions: Cases Argued and Determined in the Supreme, Circuit and by William G. Myer, United States Supreme Court (1888)
"The words "sale in gross" when applied to lands, make a contract of hazard, and
preclude any claim for abatement of the purchase money. ..."
Other Resources:
