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What is an agreement subject to contract?
  • a)
    A contract that is contingent on an event happening or not happening
  • b)
    A contract that is enforceable on the happening of an uncertain event
  • c)
    An agreement that is not a contract until a formal contract is executed
  • d)
    An agreement that is dependent on the discretion of the promisor
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is an agreement subject to contract?a)A contract that is continge...
An agreement subject to contract is an agreement that is not a contract until a formal contract is executed. It means that the parties agree not to be bound by a contract until a formal contract is executed at the will of the parties. This is different from a contingent contract, where the performance is contingent on the happening or non-happening of an event. Therefore, option C is the correct answer.
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What is an agreement subject to contract?a)A contract that is contingent on an event happening or not happeningb)A contract that is enforceable on the happening of an uncertain eventc)An agreement that is not a contract until a formal contract is executedd)An agreement that is dependent on the discretion of the promisorCorrect answer is option 'C'. Can you explain this answer?
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What is an agreement subject to contract?a)A contract that is contingent on an event happening or not happeningb)A contract that is enforceable on the happening of an uncertain eventc)An agreement that is not a contract until a formal contract is executedd)An agreement that is dependent on the discretion of the promisorCorrect answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is an agreement subject to contract?a)A contract that is contingent on an event happening or not happeningb)A contract that is enforceable on the happening of an uncertain eventc)An agreement that is not a contract until a formal contract is executedd)An agreement that is dependent on the discretion of the promisorCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is an agreement subject to contract?a)A contract that is contingent on an event happening or not happeningb)A contract that is enforceable on the happening of an uncertain eventc)An agreement that is not a contract until a formal contract is executedd)An agreement that is dependent on the discretion of the promisorCorrect answer is option 'C'. Can you explain this answer?.
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