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Simple English definitions for legal terms
innominate real contract
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A quick definition of innominate real contract:
An innominate real contract is a type of contract that is recognized by law and creates obligations between two or more parties. It can refer to a series of actions, a written document, or the legal relationships resulting from those actions or document. Essentially, it is a promise or set of promises that the law recognizes as a duty, and if broken, can result in legal consequences.
A more thorough explanation:
An innominate real contract is a type of contract that falls under the category of innominate contracts. An innominate contract is a contract that does not fit into any specific category of contract, but rather is determined by the nature of the obligations created by the contract.
A contract is an agreement between two or more parties that creates enforceable obligations. This means that if one party fails to fulfill their obligations under the contract, the other party can take legal action to enforce the contract.
For example, if you hire a contractor to build a deck on your house, you enter into a contract with the contractor. The contract specifies the obligations of both parties, such as the price of the deck, the timeline for completion, and the quality of the work. If the contractor fails to complete the deck on time or does not meet the quality standards specified in the contract, you can take legal action to enforce the contract.
An innominate real contract is a type of contract that involves the transfer of real property, such as land or a building. The obligations created by the contract are determined by the nature of the property being transferred, rather than by any specific category of contract.
For example, if you purchase a piece of land from a seller, you enter into an innominate real contract. The obligations created by the contract are determined by the nature of the land being transferred, such as any easements or restrictions on the use of the land.