Define just in a sentence.
1. Wagering contract.
2. Contingent contract.
3. Actual Breach of contract.
4. Anticipatory breach of contract.
5. Void agreement.
6. Void contract.
7. Offer
Answers
Answer:
1) -A wagering contract is one by which two persons, professing to hold opposite views touching the issue of a future uncertain event, mutually agree that dependant on the determination of that event, one shall win from the other, and that other shall pay or hand over to him, a sum of money or other stakes
2) This is a contingent contract. Under Section 31 of the Indian Contract Act, 1872, contingent contracts are defined as follows: “If two or more parties enter into a contract to do or not do something, if an event which is collateral to the contract does or does not happen, then it is a contingent contract.”
Offer, proffer, tender mean to present for acceptance or refusal. Offer is a common word in general use for presenting something to be accepted or rejected: to offer assistance. Proffer, with the same meaning, is now chiefly a literary word: to proffer one's services.
3) An actual breach occurs when one person refuses to fulfill his or her side of tnvestopedia
24-Apr-2020 · A void contract is a formal agreement that is effectively illegitimate and unenforceable from the moment it is created. A void contract differs from a voidable contract, although both may indeed be nullified for similar reasons. A contract may be deemed void if it is not enforceable as it was originally written he bargain on the due date or performs incompletely. anticipatory breach occurs when one party announces, in advance of the due date for performance, that he intends not to fulfill his side of the bargain.
4) An anticipatory breach of contract is an action that shows one party's intention to fail to fulfill its contractual obligations to another party. An anticipatory breach ends the counterparty's responsibility to perform its duties
5) void contract cannot be enforced by law. ... An agreement to carry out an illegal act is an example of a void agreement. For example, a contract between drug dealers and buyers is a void contract simply because the terms of the contract are illegal. In such a case, neither party can go to court to enforce the contract
6) In fact, void means that a contract does not exist at all. The law can not enforce any legal obligation to either party especially the disappointed party because they are not entitled to any protective laws as far as contracts
concerned.
7)Offer, proffer, tender mean to present for acceptance or refusal. Offer is a common word in general use for presenting something to be accepted or rejected: to offer assistance. Proffer, with the same meaning, is now chiefly a literary word: to proffer one's services.
Explanation:
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