Business Studies, asked by homey80, 1 year ago

what is contingent contract

Answers

Answered by tanvigaonkar24

2

A "contingent contract" is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen.

Example-

A contracts to pay to B Rs. 10,000 if B's house is burnt. This is a contingent contract.

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