- A contract, the performance of which depends on an uncertain event, such as a fire insurance contract. Losecco v Gregory, 108 La 648, 651, 32 So 985. Although an agreement must be certain if it is to be enforceable as a contract, an agreement can be certain notwithstanding performance depends on an uncertain event, provided the contract is certain in respect of the assumption of the risk appertaining to such event. Moore v Johnston, 8 La Ann 488, 489.
Ballentine's law dictionary. Anderson, W.S.. 1998.
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aleatory contract — see contract Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. aleatory contract … Law dictionary
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aleatory contract — /eyliyatoriy kontraekt/ A mutual agreement, of which the effects, with respect both to the advantages and losses, whether to all the parties or to some of them, depend on an uncertain event. Restatement of Contracts, No. 291. Contracts in which… … Black's law dictionary
aleatory contract — /æliˌeɪtəri ˈkɒntrækt/ (say alee.aytuhree kontrakt) noun a contract or agreement of which the effects with respect both to the advantages and the losses depend on uncertain events; a wagering contract … Australian English dictionary
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