Multiple choice A contracts to pay B Rs. 20,000 if B’s house is burnt. It is a wagering contract quasi contract contingent contract illegal contract Reveal answer Fill a bubble to check yourself C Correct answer Explanation 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. A contracts to pay B Rs.10,000 if B's house is burnt. This is a contingent contract.