Write short notes on Contingent contract.
Answers
Answered by
0
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. Illustration. A contracts to pay to B Rs. 10,000 if B's house is burnt. This is a contingent contract.
Answered by
0
contingent contract might be based on the non-happening of an uncertain future event. In such cases, the promisor is liable to do or not do something if the event does not happen. However, the contract cannot be enforced by law unless happening of the event becomes impossible.
Similar questions
Science,
6 months ago
Environmental Sciences,
6 months ago
Business Studies,
1 year ago
English,
1 year ago
Music,
1 year ago