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Home » Law Dictionary » C » COMMUTATIVE CONTRACT

COMMUTATIVE CONTRACT

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

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.

Related Posts:

  • PRICE
  • ACTIO REDHIBITORIA
  • SALE
  • BILATERAL CONTRACT
  • INADEQUATE PRICE
  • SELLER

Filed Under: C

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