Home › CA Foundation › businesslaw › Contingent and Quasi Contracts › A agrees to deliver wheat and B agrees to pay th…
A agrees to deliver wheat and B agrees to pay the price afterwards. This is NOT a contingent contract because:
AThe amount is uncertain
BThe event is impossible
CB has no interest in it
DThe event (payment/delivery) is part of the promise itself, not a collateral event
Answer & Solution
Correct answer: D. The event (payment/delivery) is part of the promise itself, not a collateral event
For a contingent contract the event must be collateral; here the event on which the obligation depends is part of the promise itself, so it is a conditional, not contingent, contract.
Related questions
A contract of insurance is an example of which type of contract?A contract whose collateral event is certain or bound to happen is:A tradesman leaves goods at B's house by mistake and B treats them as his own. B's liabiliWhich is a correct distinction between a quasi-contract and a contract?A finder of lost goods is entitled to retain them against:Under Section 72, money paid or a thing delivered by mistake or under coercion:Under Section 71, a person who finds goods belonging to another and takes them into custodTo succeed in a claim under Section 70 (benefit of a non-gratuitous act), the claimant mus