contracts of mutual interest

contracts of mutual interest
Mutual interest, mixed, etc. Contracts of "mutual interest" are such as are entered into for the reciprocal interest and utility of each of the parties; as sales, exchange, partnership, and the like. "Mixed" contracts are those by which one of the parties confers a benefit on the other, receiving something of inferior value in return, such as a donation subject to a charge. Contracts "of beneficence" are those by which only one of the contracting parties is benefited; as loans, deposit and mandate.

Black's law dictionary. . 1990.

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  • contracts of mutual interest — Mutual interest, mixed, etc. Contracts of mutual interest are such as are entered into for the reciprocal interest and utility of each of the parties; as sales, exchange, partnership, and the like. Mixed contracts are those by which one of the… …   Black's law dictionary

  • Contracts of beneficence — Mutual interest, mixed, etc. Contracts of mutual interest are such as are entered into for the reciprocal interest and utility of each of the parties; as sales, exchange, partnership, and the like. Mixed contracts are those by which one of the… …   Black's law dictionary

  • Contracts of beneficence — Mutual interest, mixed, etc. Contracts of mutual interest are such as are entered into for the reciprocal interest and utility of each of the parties; as sales, exchange, partnership, and the like. Mixed contracts are those by which one of the… …   Black's law dictionary

  • mixed contracts — Mutual interest, mixed, etc. Contracts of mutual interest are such as are entered into for the reciprocal interest and utility of each of the parties; as sales, exchange, partnership, and the like. Mixed contracts are those by which one of the… …   Black's law dictionary

  • mixed contracts — Mutual interest, mixed, etc. Contracts of mutual interest are such as are entered into for the reciprocal interest and utility of each of the parties; as sales, exchange, partnership, and the like. Mixed contracts are those by which one of the… …   Black's law dictionary

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