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contract |
Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia, Hutchinson | 0.02 sec. |
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Contract A term of reference describing a unit of trading for a financial or commodity future. Also, the actual bilateral agreement between the buyer and seller of a transaction as defined by an exchange.
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Claims usually allege negligence, strict liability, implied and express contract, constructive eviction, breach of contract and/or nuisance. LANCASTER - A former Federal Express contract driver - a decorated Gulf War Army veteran - was sentenced Thursday to six months in jail and placed on five years' probation for taking $16,000 worth of packages he was supposed to deliver. Although wrongful termination claims are generally covered, claims based on an express contract are not. |
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