chap05

Question 1

Contingent Contract

defenition

Answer 1

Contract to do something if some collateral
event happens e.g. Insurance Contract
gurangtee contract

Question 2

Contingent Contract

Essentials:

Answer 2

.

1. Contract dependent on Future Event.
2. Event is Collateral.
3. Event Uncertan

Question 3

Contingent Contract
.
Wagering Vs. Contingent Agreement (Main Poin

Answer 3

:

1. Validity
2. Future/Uncertain Event
3. Interest of parties
4. Reciprocal promises

Question 4

Contracts contingent on happening
.
If time is fixed

Answer 4

\:
 Contract enforceable when event happens
within time.
 Contract not enforcable if event becomes
impossible or time pass

Question 5

Contracts contingent on happening

If time is not fixed

Answer 5

Contract enforceable when event
happens.
Contract not enforceable if event becomes
impoosible

Question 6

Contracts contingent on non-happening

if time is fixed

Answer 6

Contract enforceable when event
becomes impossible or time passes.
Contract not enforceable if even happens
within time

Question 7

Contracts contingent on non-happening

if time is not fixed

Answer 7

Contract enforceable when event
becomes impossible.
Contract not enforceable if event happens

Question 8

Contingent on impossible event

Answer 8

void

Question 9

.

Contingent on future conduct of a person

Answer 9

.
Void if conduct makes it impossible to
perform contract within definite time