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Glite Dictionary
contract of hazard

contract of hazard

9.9
Sale of a piece of land as one lot without a promised size
  • noun
  • Archaic
translation icon : contrato de riesgo
  • The buyer signed a contract of hazard, accepting the land without a guaranteed acreage.

Examples

  • The lawyer explained that a contract of hazard carries risk for both the buyer and seller.

  • In a contract of hazard, the buyer agrees to purchase the land without knowing the exact acreage.

  • In a contract of hazard, disputes over exact size are usually not entertained.

  • The buyer signed a contract of hazard for the property.

  • Many investors prefer a contract of hazard when purchasing land.

  • The seller emphasized that the contract of hazard meant no guarantees about the land's size were provided.

  • When making a deal under a contract of hazard, it is important to understand the risks involved with the property's acreage.

Synonyms

sale in gross
vscontract of hazard
  • UK
9.9

An agreement to transfer land as one piece without promising the exact size

uses warranty wording rather than guarantee wording while keeping identical meaning

Surface Forms

contract of hazard singular
contracts of hazard plural

Morphology

contract + of + hazard

The core idea — an agreement involving risk — is directly inferable from 'contract' (agreement) combined with 'hazard' (risk), so a learner who knows the constituents can guess it relates to a risky contract. However, the specific legal nuance (a sale of land without warranty about acreage) is technical and not fully predictable from the words alone, making the expression only partially transparent to a B1 learner.

Etymology

Contract of hazard comes from old land sales where a seller agreed to sell a whole plot 'as is'. The buyer took the hazard—the risk that the land might not be the promised size—so the contract did not promise exact acres. That's why today contract of hazard means a sale of land 'without a guaranteed acreage'.