Which term below describes a contract in which there is an unequal dollar consideration?
A) Commutative
B) Aleatory
C) Adhesion
D) Unilateral

Question

Quizplus · Accepted Answer

An aleatory contract is one in which the parties agree to exchange unequal amounts or values. This type of contract is often used in insurance, where the insurer agrees to pay a certain amount in the event of a specified loss, but the insured may never experience that loss or may only receive a small benefit compared to the premiums paid.

Which Term Below Describes a Contract in Which There Is