Practicing Success
Practicing Success
CUET Preparation Today
| Which of the following is correct in respect of a Contingent Contract? |
A contingent contract is void.
A contingent contract can never become void.
A contingent contract becomes void when the event becomes impossible.
A contingent contract is same as a wager. |
| A contingent contract becomes void when the event becomes impossible. |
| 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. |
