True or false: contingent contracts

Exercise and reference answers

Questions

1. Statement is true

   Yes

   Statement

   A contingent contract depends on a collateral event happening or not.

2. Statement is true

   Yes

   Statement

   A person supplying necessaries to someone incapable of contracting may claim.

3. Statement is true

   No

   Statement

   A contingent contract depends on an event inside the contract itself.

4. Statement is true

   Yes

   Statement

   A quasi contract arises from law rather than from agreement.

Instructions

Decide whether each statement is true or false.

Explanation