Aleatory Contract
ALEATORY CONTRACT
A mutual agreement between two parties in which the performance of the contractual obligations of one or both parties depends upon a fortuitous event.
The most common type of aleatory contract is an insurance policy in which an insured pays a premium in exchange for an insurance company's promise to pay damages up to the face amount of the policy in the event that one's house is destroyed by fire. The insurance company must perform its obligation only after the fortuitous event, the fire, occurs.
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Life Insurance , A life insurance policy is a legal agreement between an insurance agency and the policyholder, according to which the insurance agency agrees to pay… Deductible , deductible •babble, bedabble, dabble, drabble, gabble, grabble, rabble, scrabble •amble, bramble, Campbell, gamble, gambol, ramble, scramble, shamble… Cigna Corp , One Liberty Place
Philadelphia, Pennsylvania 19192-1550
U.S.A.
Telephone: (215) 761-1000
Fax: (215) 761-5515
Web site: http://www.cigna.com
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2501 TV The Hague
The Netherlands
Telephone: (31) 70-344-3210
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Public Company… Metropolitan Life Insurance Company , Public Company
Incorporateci: 1866 as National Travelers’ Insurance
Company
Employees: 46,000
Total Assets: $256.89 billion (2001)
Stock Exchanges: N… Cna Financial Corp , CNA Plaza
333 South Wabash Avenue
Chicago, Illinois 60685
U.S.A.
Telephone: (312) 822-5000
Fax: (312) 822-6419
Web site: http://www.cna.com
Public Co…
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Aleatory Contract