Question

A agrees to sell his horse to B if it wins the race

Q: Answer-A agrees to sell his horse to B if it wins the race tomorrow. The horse dies during the race. What i...

Under Section 32, a contingent contract dependent on an uncertain future event becomes void if the event becomes impossible. Since the horse dies, the event cannot occur.

tomorrow. The horse dies during the race. What is the nature of the contract?

A Executed Contract

B Void ab initio

C Contingent Contract – becomes void

D Wagering Agreement

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A agrees to sell his horse to B if it wins the race

Solution