ALEATORY CONTRACT
\ɐlˈiːtəɹˌi kˈɒntɹakt], \ɐlˈiːtəɹˌi kˈɒntɹakt], \ɐ_l_ˈiː_t_ə_ɹ_ˌi k_ˈɒ_n_t_ɹ_a_k_t]\
Definitions of ALEATORY CONTRACT
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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)
By Princeton University
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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)
By DataStellar Co., Ltd
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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. Civil Code La. art. 29S2; Moore v. Johnston, 8 La. Ann. 488; Losecco v. Gregory, 10S La. 048, 32 South. 9S5. A coutract, the obligation and performance of which depend upon an uncertain event, such as insurance, engagements to pay annuities, and the like. A contract is aleatory or hazardous when the performance of that which is one of its objects depends on an uncertain event It is certain when t lie thing to be done is supposed to depend on the will of the party, or when in the usual course of events it must happen in the manner stipulated. Civil Code La. art. 177G.
By Henry Campbell Black
