Legal Definition and Related Resources of Commutative contract
Meaning of Commutative contract
In 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. Such contracts are usually distributed into four classes, namely: Dd ut des, I give that you may give; facio ut facias, I do that you may do; faoio ut des, I do that you may give; do ut facias, I give that you may do. Poth. Obi. note 13. See Civ. Code La. art. 1761.
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| Commutative Contract in the Dictionary | Commutative Contract in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Commutative Contract |
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| Related topics | Commutative Contract in the World Encyclopedia of Law |
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This definition of Commutative Contract is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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Commutative Contract
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See Also
- See contract of exchange.
Commutative Contract
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