Question:

A _____________ is a contract to do or not to do something, if an uncertain future event happens. It also cannot be enforced by law unless and until that event has happened. If the event becomes impossible, such contracts become void.

Updated On: Aug 4, 2024

Contingent contract
Quasi contract
Breach of contract
Voidable contract

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The Correct Option is A

Solution and Explanation

The correct option is (A):Contingent contract.

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Questions Asked in AILET LLM exam

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III. Separability of Arbitration Agreement - Kompetenz Kompetenz	3. Vulcan Insurance Co Ltd v. Maharaj Singh and Anr (1976) 1 SCC 943
IV. Arbitrability of fraud	4. Mitra Guha Builders (India) Co v. ONGC (2020) 3 SCC 222

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IV. Rebus Sic Stantibus	4. Proposition that treaties are binding upon the parties to them and must be performed in good faith.

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