General Studies · Business Law
Which type of contract involves a mutual agreement where the performance of one or both parties depends on an uncertain event, accident, or natural contingency, meaning both parties face an element of financial risk?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Aleatory contract✓
- 2Adhesion contract
- 3Express contract
- 4Bilateral contract
Correct answer
Aleatory contract
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