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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...
The correct answer is (d) Void.
A contingent contract is a contract in which the fulfillment of the promise depends upon the occurrence or non-occurrence of an uncertain event. In the given scenario, A agrees to pay Rs. One Lakh to B if he brings a star from the sky to earth. This contract is contingent upon the occurrence of an impossible event, i.e., bringing a star from the sky to earth.
According to the Indian Contract Act, 1872, Section 31: Contingent contracts dependent on an impossible event are considered void.
Since it is impossible to bring a star from the sky to earth, the contract is void. A void contract is a contract that has no legal force or binding effect from the very beginning. It cannot be enforced by either party, and any obligations or rights arising from the contract are nullified.
A contingent contract is a contract in which the fulfillment of the promise depends upon the occurrence or non-occurrence of an uncertain event. In the given scenario, A agrees to pay Rs. One Lakh to B if he brings a star from the sky to earth. This contract is contingent upon the occurrence of an impossible event, i.e., bringing a star from the sky to earth.
According to the Indian Contract Act, 1872, Section 31: Contingent contracts dependent on an impossible event are considered void.
Since it is impossible to bring a star from the sky to earth, the contract is void. A void contract is a contract that has no legal force or binding effect from the very beginning. It cannot be enforced by either party, and any obligations or rights arising from the contract are nullified.
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A agrees to pay Rs. One Lakh to B if he brings on earth a star from sk...
Contingent Contract Explanation:
A contingent contract is a contract where the performance of the contract depends upon the happening or non-happening of a specified event in the future. In this case, the event is bringing a star from the sky.
Analysis of the Contract:
- The contract between A and B is contingent upon B bringing a star from the sky to earth.
- It is impossible to physically bring a star from the sky to earth, making the event impossible to perform.
- As per the Indian Contract Act, a contract that is based on an impossible event is void.
Conclusion:
Since the contract between A and B is contingent upon an impossible event, which is bringing a star from the sky to earth, the contract is void. Therefore, the correct answer is option 'D'.
A contingent contract is a contract where the performance of the contract depends upon the happening or non-happening of a specified event in the future. In this case, the event is bringing a star from the sky.
Analysis of the Contract:
- The contract between A and B is contingent upon B bringing a star from the sky to earth.
- It is impossible to physically bring a star from the sky to earth, making the event impossible to perform.
- As per the Indian Contract Act, a contract that is based on an impossible event is void.
Conclusion:
Since the contract between A and B is contingent upon an impossible event, which is bringing a star from the sky to earth, the contract is void. Therefore, the correct answer is option 'D'.
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