- mutuality of contract
- A meeting of the minds of the parties, that is, mutual assent. 17 Am J2d Contr §18; 55 Am J1st V & P § 14. See mutuality of obligation.
Ballentine's law dictionary. Anderson, W.S.. 1998.
mutuality of contract
Look at other dictionaries:
mutuality — mu·tu·al·i·ty /ˌmyü chə wa lə tē/ n: the quality or state of being mutual: as a: the quality of a contract under which both parties are bound by obligations b: the state of debts for purposes of set off under bankruptcy law in which the debts are … Law dictionary
mutuality — Reciprocation; interchange. An acting by each of two parties; an acting in return. Mutuality of contract means that obligation rests on each party to do or permit doing of something in consideration of other party s act or promise; neither party… … Black's law dictionary
mutuality — Reciprocation; interchange. An acting by each of two parties; an acting in return. Mutuality of contract means that obligation rests on each party to do or permit doing of something in consideration of other party s act or promise; neither party… … Black's law dictionary
mutuality of obligation — n. The principle that both parties to a contract are either bound to it or not, but one party cannot be bound if the other is not. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.… … Law dictionary
contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… … Law dictionary
contract of employment — A contract of service or apprenticeship, whether express or implied and, if express, whether oral or in writing. Whether or not an individual is working under a contract of employment will determine whether they are entitled to certain statutory… … Law dictionary
mutuality of obligations — A necessary feature of the relationship between an employer and an employee is the existence of mutually binding legal obligations. For an employment contract to exist the employer must be obliged to pay and the employee must be obliged to do the … Law dictionary
contract — An agreement between two or more persons which creates an obligation to do or not to do a particular thing. As defined in Restatement, Second, Contracts No. 3: A contract is a promise or a set of promises for the breach of which the law gives a… … Black's law dictionary
contract — An agreement between two or more persons which creates an obligation to do or not to do a particular thing. As defined in Restatement, Second, Contracts No. 3: A contract is a promise or a set of promises for the breach of which the law gives a… … Black's law dictionary
mutuality of obligation — The characteristic of binding effect of a contract on both parties, 17 Am J2d Contr § 11; 46 Am J1st Sales § 61, or an undertaking on one side and a consideration on the other. 17 Am J2d Contr § 11; 49 Am J1st Spec Per § 34. It is a rule of law… … Ballentine's law dictionary
