Contracts of beneficence

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 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 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 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 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

  • 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

  • gratuitous and onerous contracts — Gratuitous contracts are those of which the object is the benefit of the person with whom it is made, without any profit or advantage received or promised as a consideration for it. It is not, however, the less gratuitous if it proceeds either… …   Black's law dictionary

  • gratuitous and onerous contracts — Gratuitous contracts are those of which the object is the benefit of the person with whom it is made, without any profit or advantage received or promised as a consideration for it. It is not, however, the less gratuitous if it proceeds either… …   Black's law dictionary

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  • consideration — con·sid·er·a·tion n: something (as an act or forbearance or the promise thereof) done or given by one party for the act or promise of another see also contract compare motive ◇ Except in Louisiana, consideration is a necessary element to the… …   Law dictionary

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