An aleatory contract is most accurately described by which of the following?

An aleatory contract is most accurately described by which of the following?



It is a contract in which the performance of one party is contingent upon the occurrence of a fortuitous (accidental) event.


It is a contract which alleges certain facts to be true in the written agreement.


It is a contract in which one party offers payment in exchange for the other party's performance.


It is a contract which alters a previous agreement.



Answer: It is a contract in which the performance of one party is contingent upon the occurrence of a fortuitous (accidental) event.

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