Multiple choice

A contract dependent on the happening or non-happening of future uncertain event, is a

  1. uncertain contract

  2. contingent contract

  3. void contract

  4. voidable contract
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A contingent contract is one where the performance is dependent on the happening or non-happening of a future uncertain event. This is explicitly defined under Section 31 of the Indian Contract Act, 1872.

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