Definition of COMMUTATIVE CONTRACT


COMMUTATIVE CONTRACT

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.

2. These contracts are usually distributed into four classes, namely; Do
ut des; Facio ut facias; Facio ut des; Do ut facias. Poth. Obl. n. 13. See"
Civ. Code of Lo. art. 1761.

Source: Bouviers Law Dictionary 1856 Edition

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