Practicing Success

Target Exam

CUET

Subject

Legal Studies

Chapter

Topics of Law

Question:
These contracts cannot be enforced until the uncertain future event happens. If the uncertain future event becomes impossible, these contracts become void. Which of the following contract is being referred to here?
Options:
contingent
wager
conditional
futuristic
Correct Answer:
contingent
Explanation:
Contingent contract, also called as Conditional contract, is a contract to do something or not to do something on the happening or non-happening of an event, which is collateral to the contract. Contingent contracts cannot be enforced until the uncertain future event happens. If the uncertain future event becomes impossible, contingent contracts become void.