Question

A told B that he gives Rs. 500 if it rains and B told to give like amount if it does not rain. The agreement is________
a)Contingent Contract
b)Wagering agreement
c)Future Contract
d)None of the above

Answer 1

a

the performance of the contract is conditional and it is based on happening or non happening of a particular event and the event is future uncertain event and it is not controllable by both the parties the event may be positive or negative all the features of a valid contract are present hence it is said to be as an contingent contract

Answer 2

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» A told B that he gives Rs. 500 if it rains and B told to give like amount if it does not rain. The agreement is________

» Contingent Contract✔