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A contingent contract dependent on the non happening of a future uncertain event becomes void when such event?

  • a)
    Does not happen

  • b)
    Does not become impossible

  • c)
    Happen

  • d)
    None of these. 

Correct answer is option 'C'. Can you explain this answer?
Verified Answer
A contingent contract dependent on the non happening of a future uncer...
A contingent contract dependent on the non-happening of a future uncertain event becomes void when such event happens. This is because the contract is contingent or dependent on that event not happening. If the event does happen, the condition on which the contract is based is not met, and therefore the contract becomes void.
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Most Upvoted Answer
A contingent contract dependent on the non happening of a future uncer...
In the question, contingent contract is dependent on NON-Happening........ So if it happens it becomes void :)............. read question again :)
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A contingent contract dependent on the non happening of a future uncer...
Suppose you bet that if it does not rain you will give the opposite person a certain amount. Now only if it does not rain then you are liable to pay. Similarly, a contingent contract which is based on the non happening of an event will only be valid if event does not happen or else it will be void
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A contingent contract dependent on the non happening of a future uncertain event becomes void when such event?a)Does not happenb)Does not become impossiblec)Happend)None of these.Correct answer is option 'C'. Can you explain this answer?
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A contingent contract dependent on the non happening of a future uncertain event becomes void when such event?a)Does not happenb)Does not become impossiblec)Happend)None of these.Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A contingent contract dependent on the non happening of a future uncertain event becomes void when such event?a)Does not happenb)Does not become impossiblec)Happend)None of these.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A contingent contract dependent on the non happening of a future uncertain event becomes void when such event?a)Does not happenb)Does not become impossiblec)Happend)None of these.Correct answer is option 'C'. Can you explain this answer?.
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