Question

    A contingent contract is a contract to do or not to do something, if some event, collateral to such contract, __________________

    A Does happen Correct Answer Incorrect Answer
    B Does not happen Correct Answer Incorrect Answer
    C Shall not happen Correct Answer Incorrect Answer
    D May not happen Correct Answer Incorrect Answer
    E Either a or b Correct Answer Incorrect Answer

    Solution

    Contract Act Section 31. "Contingent contract" defined: 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.

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