Gratuitous meaning in business law. West's Encyclopedia of American Law, edition 2.
- Gratuitous meaning in business law. The term gratuitous is applied to deeds, bailments, and other contractual agreements. A term applied to deeds ofconveyance and to bailments and other contracts. It is a contract in which one party promises to do something without receiving anything in exchange. Partnership Agreement: "Partners may contribute gratuitous resources to the business without altering their ownership percentages. Jun 24, 2025 · Gratuitous and non-gratuitous bailments represent two fundamental forms of bailment transactions. One of the classifications of contracts under Philippine law is based on the cause or consideration: onerous and gratuitous. In normal language you would also say " free loan " instead of " gratuitous bailment " Aug 11, 2025 · Gratuitous actions in law have a significant impact on various legal fields, including contracts, property law, and tort law. Gratuitous Definition and Legal Meaning On this page, you'll find the legal definition and meaning of Gratuitous, written in plain English, along with examples of how it is used. Gratuitous Bestowed or granted without consideration or exchange for something of value. Gratuitous And Onerous Definition and Citations: Gratuitous contracts are those of which the object is the benefit of the person with whom it is made, without any profit or advantage received or promised as a consideration for it. Therefore in such contracts only one person is benefited. West's Encyclopedia of American Law, edition 2. . A gratuitous contract, also known as a contract of pure beneficence Legal Terms Dictionary gratuitous bailment - Meaning in Law and Legal Documents, Examples and FAQs Gratuitous bailment, or a free loan, is when someone temporarily gives their property to another person without expecting anything in return, like lending a friend your lawnmower for free. In normal language you would also say " free promise " instead of " gratuitous promise " Oct 17, 2023 · Gratuitous Contract Philippines In legal parlance, a contract is a meeting of minds between two persons, whereby one binds himself, with respect to the other, to give something or render some service. A gratuity is something given by someone who has no obligation to give and can be used in reference to a bribe or tip. Voluntary; without force, fear, or favor. In old English law. 11, 17. What is Gratuitous? Legal Terms Dictionary gratuitous contract - Meaning in Law and Legal Documents, Examples and FAQs A gratuitous contract, or free agreement, is a deal where one person gives something to another without expecting anything in return. Definition and Citations: Without valuable or legal consideration. [Last reviewed in January of 2023 by the Wex Definitions Team] Wex COMMERCE commercial activities finance legal practice/ethics business law contracts wex definitions legal education and practice Aug 20, 2025 · Business and Financial Law What Is a Gratuitous Promise and Is It Enforceable? Unpack the legal standing of promises given freely. In common parlance, gratuitous can also refer to something excessive or lacking in justification. Understand why some promises aren't enforceable and the rare exceptions that make them binding. Gratuitous Contract Law and Legal Definition A gratuitous contract is one, the object of which is for the benefit of the person with whom it is made. " FAQs about "gratuitous" What is the legal meaning of "gratuitous"? In legal terms, "gratuitous" means something that is given or done without expecting anything in return. Whether referring to gifts, services, or contracts, the term ‘gratuitous’ implies an action performed voluntarily, without any expectation of compensation. As to gratuitous “Bailment,” “Contract” and “Deposit,” see those titles. Bract, fols. In normal language you would also say " free agreement " instead of " gratuitous contract " Legal Terms Dictionary gratuitous promise - Meaning in Law and Legal Documents, Examples and FAQs A gratuitous promise, or free promise, is a commitment someone makes to do something for another person without expecting anything in return. The key difference lies in the presence or absence of consideration, which directly impacts the duties, liabilities, and rights of the parties involved. bqdo ubvcv knoela tfqfg zrp guovv szfzok ljqn htllnhr ulbkui