Legal Term: ALEA

Definition: civil law. The chance of gain or loss in a contract. This chance results either from the uncertainty of the thing sold, as the effects of a succession, or from the uncertainty of the price, as when a thing is sold for an annuity, which is to be greater or less on the happening of a future event, or it sometimes arises in consequence of the uncertainty of both. 2 Duv. Dr. Civ. Fr. n. 74.

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