Word:

Commutative contract

COMMUTATIVE CONTRACT, civil law. One in which each of the contracting parties gives and, receives an equivalent. The contract of sale is of this kind. The seller gives the thing sold, and receives the price, which is the equivalent. The buyer gives the price and receives the thing sold, which is the equivalent.
     2. These contracts are usually distributed into four classes, namely; Do ut des; Facio ut facias; Facio ut des; Do ut facias. Poth. Obl. n. 13. See' Civ. Code of Lo. art. 1761.

Browse
community college
community of interests
Community of Massive Gaming Agency
community of scholars
community property
community service
communization
communize
Commutability
Commutable
Commutableness
commutate
Commutation
Commutation of tithes
Commutation ticket
Commutative
-- Commutative contract --
commutative group
Commutative justice
commutativity
Commutator
Commute
Commuter
commuter traffic
commuter train
commuting
Commutual
COMNET
Comoro Islands
Comoros
Comose
Compact
compact car
Definitions Index: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

About this site and copyright information - Online Dictionary Home - Privacy Policy