Question

When the performance of either party's obligation depends on an uncertain event, this is a (an) __________ contract.

1) Gratuitous
2) Onerous
3) Aleatory
4) Commutative

Answer 1

An aleatory contract is formed when the performance of either party's obligation depends on an uncertain event.

Step-by-step explanation:

When the performance of either party's obligation depends on an uncertain event, this is an aleatory contract. In an aleatory contract, the performance of the parties' obligations is contingent upon the occurrence of a specific event or condition, such as winning a bet or surviving a certain period of time.