Business Studies, asked by partu6517, 1 year ago

Write short notes on Contingent contract.

Answers

Answered by aarush2618
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 jyothirmaibasa62
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.
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