We are asked to find the probability that at least one of the events \( A \), \( B \), or \( C \) occur. The probability of at least one of the events occurring is given by the formula:
\[
P(A \cup B \cup C) = P(A) + P(B) + P(C) - P(A \cap B) - P(B \cap C) - P(C \cap A) + P(A \cap B \cap C)
\]
We are given the following information:
- \( P(A) = P(B) = P(C) = \frac{1}{4} \)
- \( P(A \cap B) = P(B \cap C) = 0 \)
- \( P(C \cap A) = \frac{1}{8} \)
Now, substitute these values into the formula:
\[
P(A \cup B \cup C) = \frac{1}{4} + \frac{1}{4} + \frac{1}{4} - 0 - 0 - \frac{1}{8} + P(A \cap B \cap C)
\]
We are not given \( P(A \cap B \cap C) \), but since \( P(A \cap B) = 0 \) and \( P(B \cap C) = 0 \), it follows that:
\[
P(A \cap B \cap C) = 0
\]
Thus, the probability becomes:
\[
P(A \cup B \cup C) = \frac{3}{4} - \frac{1}{8} = \frac{6}{8} - \frac{1}{8} = \frac{7}{8}
\]
Therefore, the probability that at least one of the events \( A \), \( B \), or \( C \) occur is \( \boxed{\frac{7}{8}} \).