ALEA

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ALEA

ALEA civil law. The chance of gain or loss in a contract. This chanceresults either from the uncertainty of the thing sold, as the effects of asuccession; or from the uncertainty of the price, as when a thing is soldfor an annuity, which is to be greater or less on the happening of a futureevent; or it sometimes arises in consequence of the uncertainty of both. 2Duv. Dr. Civ. Fr. n. 74.

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