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Freedom To Contract - Law Dictionary Search Results

Contract carriage

Contract carriage, means a motor vehicle which carries a passenger or passengers for hire or reward and is engaged under a contract, whether expressed or implied, for the use of such vehicle as a whole for the carriage of passengers mentioned therein and entered into by a person with a holder of a permit in relation to such vehicle or any person authorised by him in this behalf on a fixed or an agreed rate or sum-(a) on a time basis, whether or not with reference to any route or distance; or [Motor Vehicles Act, 1988, s. 2 (7) (a)](b) from one point to another. [The Motor Vehicles Act, 1988, s. 2 (7) (b)]And in either case, without stopping to pick up or set down passengers not included in the contract anywhere during the journey, and includes:a maxicab; and [Motor Vehicles Act, 1988, s. 2 (7) (b) (i)]a motorcab notwithstanding the separate fares are charged for its passengers. [Motor Vehicles Act, 1988, s. 2 (7) (b) (ii)]...

Bilateral contract

Bilateral contract, a contract in which both the contracting parties are bound to fulfil obligations reciprocally towards each other; as a contract of sale, where one becomes bound to deliver the thing sold, and the other to pay the price of it, Civil Law....

land contract

land contract : land installment contract at contract ...

implied in fact contract

implied in fact contract :implied contract at contract ...

future contract

future contract : futures contract at contract ...

Contract for sale

Contract for sale. A sale implies a consideration in money or money's worth in return for the thing sold and consequently consideration is an integral part of a contract for sale. The legal incidents of a contract for sale of goods have been embodied and codified in the Sale of Goods Act, 1893. See SALE....

Contract of guarantee

Contract of guarantee, in relation to any hire-purchase agreement, means a contract whereby a person (in this Act referred to as the surety) guarantees the performance of all or any of the hirer's obligations under the hire-purchase agreement. [Hire-Purchase Act, 1972 (26 of 1972), s. 2 (a)]...

Executed contract

Executed contract, where nothing remains to be done by either party, and where the transaction is completed at the moment that the agreement is made, as where an article is sold and delivered, and payment therefor is made on the spot. a contract is said to be executory where some future act is to be done, as where an agreement is made to build a house in six months, or to do an act on or before some future day, or to lend money upon a certain interest, payable at a future time....

executory contract or lease

executory contract or lease Generally includes contracts or leases under which both parties to the agreement have duties remaining to be performed. (If a contract or lease is executory, a debtor may assume it or reject it.) Source: Administrative Office of the U.S. Courts ...

Aleatory contract

Aleatory contract, an agreement of which the effects, with respect both to the advantages and losses, whether to all parties, or to some of them, depend on an uncertain event, Ibid. see WAGERING CONTRACT...

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