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A agrees to pay Rs. One lakh to B if he brings on earth a star from sky. This is a contingent contract and
- a)Illegal
- b)Valid
- c)Voidable
- d)Void.
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
A agrees to pay Rs. One lakh to B if he brings on earth a star from sk...
Contingent Contract:
- A contingent contract is a contract that depends on the occurrence of a specific event.
- The performance of the contract is conditional upon the happening or non-happening of the event.
The Scenario:
- A agrees to pay Rs. One lakh to B if he brings on earth a star from the sky.
- This is a contingent contract as it is dependent on the event of bringing a star from the sky.
Analysis of the Options:
A: Illegal
- This option is incorrect as the contract is not illegal, it is simply contingent upon a specific event.
B: Valid
- This option is incorrect as the contract is not valid. It is a contingent contract, but the performance of the contract is impossible.
C: Voidable
- This option is incorrect as the contract is not voidable. It is simply contingent upon a specific event.
D: Void
- This option is correct.
- The contract is void because the performance of bringing a star from the sky is impossible.
- It is not a valid contract as it involves an act that is beyond the control of the parties involved.
Conclusion:
The correct answer is D. The contract is void because it involves an impossible act, which is bringing a star from the sky.
View all questions of this test
- A contingent contract is a contract that depends on the occurrence of a specific event.
- The performance of the contract is conditional upon the happening or non-happening of the event.
The Scenario:
- A agrees to pay Rs. One lakh to B if he brings on earth a star from the sky.
- This is a contingent contract as it is dependent on the event of bringing a star from the sky.
Analysis of the Options:
A: Illegal
- This option is incorrect as the contract is not illegal, it is simply contingent upon a specific event.
B: Valid
- This option is incorrect as the contract is not valid. It is a contingent contract, but the performance of the contract is impossible.
C: Voidable
- This option is incorrect as the contract is not voidable. It is simply contingent upon a specific event.
D: Void
- This option is correct.
- The contract is void because the performance of bringing a star from the sky is impossible.
- It is not a valid contract as it involves an act that is beyond the control of the parties involved.
Conclusion:
The correct answer is D. The contract is void because it involves an impossible act, which is bringing a star from the sky.
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A agrees to pay Rs. One lakh to B if he brings on earth a star from sky. This is a contingent contract anda)Illegalb)Validc)Voidabled)Void.Correct answer is option 'D'. Can you explain this answer?
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A agrees to pay Rs. One lakh to B if he brings on earth a star from sky. This is a contingent contract anda)Illegalb)Validc)Voidabled)Void.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A agrees to pay Rs. One lakh to B if he brings on earth a star from sky. This is a contingent contract anda)Illegalb)Validc)Voidabled)Void.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A agrees to pay Rs. One lakh to B if he brings on earth a star from sky. This is a contingent contract anda)Illegalb)Validc)Voidabled)Void.Correct answer is option 'D'. Can you explain this answer?.
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