An insurance contract is
(a) Contingent contract
(b) Wagering agreement
(c) Unenforceable contract
(d) Void contract
Answers
Answered by
2
Answer:
a) contingent contract
Explanation:
Contingent contract has been defined under Section 31 of the Indian Contract Act, 1872 as a contract to do or not to do something in case an event collateral to the contract happens or does not happen. In case of insurance contracts, the insurer seeks to provide for the loss of the insured in case the event stated happens within a particular time. This is why it is classified as a contingent contract.
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0
Answer:
I think (a) is the write ans
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