Critical need by 8/31:   $10,000 to cover a crippling immediate shortfall.   $6,220 to go.   Please help now!
Click here to advertise on CatholicCulture.org

Dictionary

A modern dictionary of Catholic terms, both common and obscure. Find accurate definitions of words and phrases.

Search:

Or browse the dictionary by selecting a letter!
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

CONTRACT

Mutual agreement upon sufficient consideration concerning the transfer of a right. A contract is an agreement because there must be consent of at least two wills to the same object. It is mutual because the consent on one side must be given in view of the consent on the other side; it cannot be a mere coincidence that two people happen to want the same thing. The contracting parties transfer a right and so bind themselves in commutative justice, as person to person. By natural law a tangible consideration or compensation is not necessary in all contracts, because there can be gratuitous contracts such as a gift or promise. Even here, however, some intangible consideration in the form of affection or gratitude is normally expected. Finally the obligation in justice may be on both sides or only on one side, so that contracts can be bilateral (as in marriage) or unilateral (as in the promise of a donation). In either case the consent must always be on both sides.

All items in this dictionary are from Fr. John Hardon's Modern Catholic Dictionary, © Eternal Life. Used with permission.

Subscribe for free
Shop Amazon
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

Every Aspect of the Catholic Thing 7 hours ago
News Posturing: How the dramatis personae use each other 9 hours ago
The intractable practical problems with the Kasper proposal 10 hours ago
No, the Pope did not endorse a gay-friendly children's book 13 hours ago
Legal pressure does not make sterilization moral August 27

Top Catholic News

Most Important Stories of the Last 30 Days
Pope Francis: welcome with compassion those who have remarried outside the Church CWN - August 5