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contrato aleatorio

English translation: aleatory contract

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:contrato aleatorio
English translation:aleatory contract
Entered by: Paul Stevens

10:50 Jun 18, 2002
Spanish to English translations [PRO]
Law/Patents / legal - contracts
Spanish term or phrase: contrato aleatorio
I appreciate that "aleatorio" means random or chance, but is there a specific legal phrase for this type of contract please. Unfortunately, giving the whole phrase from which this comes would shed no extra light on the meaning.

TIA.
Paul Stevens
Local time: 20:17
aleatory contract
Explanation:
An aleatory contract is a mutual agreement the effects of which---both advantageous and disadvantageous, whether in regard to some or all the parties---are triggered by the occurrence of an uncertain event. In this type of contract one or both parties assume risk. A fire insurance policy is a form of aleatory contract, since a person will not receive the proceeds of the policy unless a fire occurs, an event that is uncertain.

from West's Encyclopedia of American Law

Selected response from:

ellery26
Grading comment
Thank you. It was quite a literal translation in the end! It's the first time that I've come across such a contract.

Thanks also to other contributors - it seems that all answers may be appropriate, but in the end, I was swayed by West's.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +5aleatory contract
ellery26
4 +3aleatory contract
aivars
4 +2contingent contract
Patricia Myers
4 +1hazardous contract
Jacek Krankowski (X)


  

Answers


6 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
contingent contract


Explanation:
nn

Patricia Myers
United States
Local time: 12:17
Native speaker of: Native in SpanishSpanish, Native in CatalanCatalan
PRO pts in pair: 30

Peer comments on this answer (and responses from the answerer)
agree  Baruch Avidar: 100% right.
2 hrs
agree  Maria: I believe this is most widely used in the legal jargon, although aleatory is also correct. In the firm I worked for, client's signed a contingency fee agreement
2 hrs
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13 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
hazardous contract


Explanation:
= the performance of which depends on an uncertain event (West's)

Por el contrato aleatorio, una de las partes, o ambas recíprocamente, se obligan a dar o hacer alguna cosa en equivalencia de lo que la otra parte ha de dar o hacer para el caso de un acontecimiento incierto, o que ha de ocurrir en tiempo indeterminado.
http://civil.udg.es/normacivil/estatal/CC/4T12.htm

Jacek Krankowski (X)
PRO pts in pair: 85

Peer comments on this answer (and responses from the answerer)
agree  Baruch Avidar: Also an option,less usual
2 hrs
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15 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +5
aleatory contract


Explanation:
An aleatory contract is a mutual agreement the effects of which---both advantageous and disadvantageous, whether in regard to some or all the parties---are triggered by the occurrence of an uncertain event. In this type of contract one or both parties assume risk. A fire insurance policy is a form of aleatory contract, since a person will not receive the proceeds of the policy unless a fire occurs, an event that is uncertain.

from West's Encyclopedia of American Law



ellery26
PRO pts in pair: 4
Grading comment
Thank you. It was quite a literal translation in the end! It's the first time that I've come across such a contract.

Thanks also to other contributors - it seems that all answers may be appropriate, but in the end, I was swayed by West's.

Peer comments on this answer (and responses from the answerer)
agree  slavist
55 mins
  -> thx slavist
agree  Gustavo Garrido
1 hr
  -> thx gustavo
agree  Baruch Avidar: 100% right
2 hrs
  -> thx baruch
agree  Lorianne Weston: this is also found in Black's Law Dictionary, an unimpeachable source!
3 hrs
  -> thax Lorianne
agree  María Eugenia García
3 hrs
  -> thx Maria Eugenia
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17 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
aleatory contract


Explanation:
Aleatory contract is a concept itself!!
aleatory contract n : 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)



    Reference: http://www.wld.com/conbus/weal/wcontra1.htm
aivars
Argentina
Local time: 16:17
Native speaker of: Spanish
PRO pts in pair: 66

Peer comments on this answer (and responses from the answerer)
agree  slavist: yep, but 2 min. later:(
54 mins
agree  Gabriel Aramburo Siegert
1 hr
agree  Baruch Avidar: 100% right
2 hrs
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