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Aleatory Contract
(redirected from Aleatory contracts)

    Also found in: Dictionary/thesaurus, Legal 0.01 sec.
Aleatory Contract
A contract whose performance is dependent on the future occurrence of some event and/or in which the amount of money exchanged between the parties may be unequal. For example, an insurance policy is usually an aleatory contract because the insurance company does not have to do anything unless an insured event occurs.
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If damages based upon a theory of probability is a sound approach for aleatory contracts, why is it unsound as to other contracts?
The "loss of chance" doctrine of damages for breach of contract by Sturgess, Robert H. / Florida Bar Journal
 
 
 
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