Question

Which of the following statements does NOT correctly describe an aleatory contract?

1) It involves uncertain events or outcomes.
2) The performance of the contract depends on chance or luck.
3) The parties involved have control over the outcome.
4) The contract is based on the occurrence of a specific event.

Answer 1

This is the third

Step-by-step explanation:

Answer 2

An aleatory contract is a type of contract in which the outcome depends on chance or luck. Statement 3) which states that the parties involved have control over the outcome does NOT correctly describe an aleatory contract.

Step-by-step explanation:

An aleatory contract is a type of contract in which the performance and outcome of the contract depend on chance or luck. The parties involved have no control over the outcome, as it is based on uncertain events or outcomes. Therefore, statement 3) which states that the parties involved have control over the outcome does NOT correctly describe an aleatory contract.