Multiple choice

A contingent contract depending on the happening of an uncertain event in future can be enforced when the event

  1. happens

  2. becomes impossible

  3. does not happen

  4. Any of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Option (1) is correct: Contract which is entered to be performed on the happening of some event. In that case, both the parties are liable to give their performance when that particular event happens.

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