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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?
Most Upvoted Answer
A agrees to pay Rs. one lakh to B if he brings on earth a star from sk...
Contingent Contract and its types
A contingent contract is an agreement between two parties where the performance of the contract is dependent on the occurrence or non-occurrence of a particular event in the future. The event can be uncertain or may not happen at all. The contract can be of two types:
1. Contingent contract based on the happening of an uncertain event
2. Contingent contract based on the non-happening of a certain event
In the given question, the contract is based on the happening of an uncertain event, which is bringing a star from the sky to the Earth. This type of contract is known as a contingent contract based on the happening of an uncertain event.
Enforceability of the Contract
A contract can be legal, valid, voidable, or void based on the enforceability of the contract. In the given question, the contract is void because of the following reasons:
1. The subject matter of the contract is impossible to perform. It is not possible to bring a star from the sky to the Earth.
2. The contract is based on an unlawful act, as no one has the right to bring a star from the sky to the Earth.
Therefore, the given contract is void, and A is not liable to pay Rs. one lakh to B.
A contingent contract is an agreement between two parties where the performance of the contract is dependent on the occurrence or non-occurrence of a particular event in the future. The event can be uncertain or may not happen at all. The contract can be of two types:
1. Contingent contract based on the happening of an uncertain event
2. Contingent contract based on the non-happening of a certain event
In the given question, the contract is based on the happening of an uncertain event, which is bringing a star from the sky to the Earth. This type of contract is known as a contingent contract based on the happening of an uncertain event.
Enforceability of the Contract
A contract can be legal, valid, voidable, or void based on the enforceability of the contract. In the given question, the contract is void because of the following reasons:
1. The subject matter of the contract is impossible to perform. It is not possible to bring a star from the sky to the Earth.
2. The contract is based on an unlawful act, as no one has the right to bring a star from the sky to the Earth.
Therefore, the given contract is void, and A is not liable to pay Rs. one lakh to B.
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A agrees to pay Rs. one lakh to B if he brings on earth a star from sk...
It is absolutely void. Bcoz it is a contract where an essential element of section 10 is missing and that is Capacity to perform. B is unable to perform his duty... So it is a void contact or rather say void ab inito ...
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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)Illegalb)Validc)Voidabled)Void.Correct answer is option 'D'. Can you explain this answer?
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