New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    Contingent agreements to do or not to do anything, if an impossible event happens, are void________. 

    A If the impossibility of the event is known to the parties to the agreement Correct Answer Incorrect Answer
    B If the possibility of the event is known to the parties to the agreement Correct Answer Incorrect Answer
    C Whether the possibility of the event is known or not to the parties to the agreement at the time when it is made Correct Answer Incorrect Answer
    D Whether the impossibility of the event is known or not to the parties to the agreement at the time when it is made Correct Answer Incorrect Answer

    Solution

    Contract Act Section 36. Agreement contingent on impossible events void: Contingent agreements to do or not to do anything, if an impossible event happens, are void, whether the impossibility of the event is known or not to the parties to the agreement at the time when it is made

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