Hazardous Contract

Hazardous Contract

In the Past

When the performance of that which is one of its objects, depends on an uncertain event, the contract is said to be hazardous. Civ. Co. of Lo. art. 1769 1 Bouv. Inst. n. 707.

Developments

When a contract is hazardous and the lender may lose all or some part of his main, it is lawful for him to charge more than lawful interest for the use of his money. Bac. Ab. Usury D; 1 J. J. Marsh, 596; 3 J. J. Marsh, 84. [1]

Resources

Notes and References

1. Partialy, this information about hazardous contract is based on the Bouvier's Law Dictionary, 1848 edition. There is a list of terms of the Bouvier's Law Dictionary, including hazardous contract.

See Also