Under the Indian Contract Act, a contingent contract depends on an event that is
Acaused by one party
Bcollateral to the contract
Ccentral to the contract
Dalready fulfilled by both
Answer & Solution
Correct answer: B. collateral to the contract
A contingent contract is one to do or not to do something if an event collateral to it does or does not happen.
Keep practising Contingent and Quasi Contracts
Browse all Contingent and Quasi Contracts questions for CA Foundation, or explore more Businesslaw topics.
Related questions
Which section gives compensation for failing to discharge an obligation resembling a contrWhich section binds one enjoying the benefit of a non-gratuitous act to compensate?The law of quasi-contract was generally used to enforceWhich was one of the common money counts within indebitatus assumpsit?Quantum meruit and unjust enrichment areA worker with an express contract fixing pay cannot abandon it and sue onIn contract law, quantum meruit refers to the reasonable value ofQuantum meruit is a Latin phrase meaning