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  • The Indian Contract Act define some rules for the enforcement of contingent contracts between parties. Which of t

The Indian Contract Act define some rules for the enforcement of contingent contracts between parties. Which of the following are the rules?

Option: 1

Contracts contingent on the occurrence of an event.


Option: 2

Contracts contingent when the event does not occur.


Option: 3

When a living person does something to make the occurrence of the event impossible.


Option: 4

All of the above.


Answers (1)

best_answer

Option A says a contingent contract is usually based on the occurrence of some uncertain events. Option B says contingent contract can also be based on a non-happening event. In this case, the promisor will do or not do something when the event does not occur. As per section 32 of the Indian Contract Act, if the contract is contingent depending on the actions of a person, then the occurrence of the event becomes impossible. Hence correct option is d.

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