UNILATERAL CONTRACT - A contract in which only one party makes an express promise, or undertakes a

performance without first securing a reciprocal agreement from the other party. BILATERAL CONTRACT - An agreement formed by an exchange of a promise in which the promise of one party is consideration supporting the promise of the other party.
A gratuitous contract is one, the object of which is for the benefit of the person with whom it is made. It is a contract in which one party promises to do something without receiving anything in exchange. Therefore in such contracts only one person is benefited. The other party receives no profit or advantage or any advantage promised as a consideration for it. Gift is an example of a gratuitous contract. innominate contract refers to a contract which is not classifiable under any particular name. In an innominate contract, the law supplies nothing in addition to the express agreement of the parties. This type of contract was developed late in classical Roman law. The agreements did not become operational without at least part performance, even if the agreements were reciprocal. Onerous contracts are those contracts in which the costs involved with fulfilling the terms and conditions of the contract are higher when compared to the amount of economic benefit received. In onerous contracts something is given or promised as a consideration for the engagement or gift, or some service, interest, or condition is imposed on what is given or promised, although unequal to it in value. Onerous contracts can occur when a company has a contract to supply a material which costs more to produce than actually determined by the provisions of the contract.

Dominium properly signifies the right of dealing with a corporeal thing as a person (dominus) pleases; this, of course, implies the right to exclude all others from meddling with it. The dominus has the right to possess, and is distinguished in that respect from the bare possessor, who has only the right of possession. He who has the ususfructus of a thing, is never considered as owner; and proprietas is the name for that which remains after the ususfructus is deducted from the ownership. Ownership may be either absolute, that is, as complete as the law any ownership to be, or it may be limited. The distinction between bare ownership and ownership united with the beneficial interest, is explained in another place. [BONA.] A person who has no ownership of a thing, may have rights in or to a thing which, as far as they extend, limit the owner's power over his property, as hereafter explained. Ownership, being in its nature single, can only be conceived as belonging to one person; consequently there cannot be several owners of one thing, but several persons may own undivided shares or parts of a thing.

NATURAL OBLIGATION, Civil law. One which in honor and conscience binds the person who has contracted it, but which cannot be enforced in a court of justice. Poth. n. 173, and n. 191. See Obligation. INSTITUTION OF HEIR, civil law. The act by which a testator nominates one or more persons to succeed him in all his rights, active and passive. OBLIGATIO could denote the vinculum iuris looked at from either end; itt could refer to the creditors right as well as the debtors duty

OBLICON BOOK NOMINATE that which has a specific name or designation in law INNOMINATE that which has no specific name or designation in law (a1307) ONEROUS the cause is understood to be, for each contracting party, the prestation or promise of a thing or service by other. in other words, in this contract, the parties are reciprocally obligated to each other. In remuneratory ones, the service or benefit which is remunerated; (a1350) GRATUITOUS or in contracts of pure beneficence, the mere liberality of the be nefactor.(a1350) UNILATERAL when only one party is obliged to comply with a prestation or promise BILATERAL when both parties are mutually bound to each other (a1191) NATURAL OBLI not being based on positive law, do not grant a right of action to enforce their performance, but after voluntary fulfilment of the obligor, they authorize the retention of what has been delivered re rendered by reason thereof. (a1423)