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What is Understanding Aleatory Contracts about?

This document outlines the general provisions and key articles related to aleatory contracts under Philippine law. It discusses the definition of an aleatory contract and distinguishes it from a contract with a suspensive condition. It also covers specific types of aleatory contracts like insurance, gambling, and life annuities. For gambling contracts, it notes that losers can recover losses from winners but winners cannot collect winnings. Exceptions and additional details are provided for various gambling

Author

migz_ortaliza

Language

EN