New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A contingent contract _____________

    A Never becomes void Correct Answer Incorrect Answer
    B Is void Correct Answer Incorrect Answer
    C Is voidable Correct Answer Incorrect Answer
    D Becomes void when the event becomes impossible Correct Answer Incorrect Answer

    Solution

    Becomes void when the event becomes impossible, Reason: The word contingent means when an event or situation is contingent, i.e. it depends on some other event or fact. It means that the enforceability of that contract is directly depends upon happening or not happening of an event. Section 31 of the Contract Act defines contingent contract as a contract to do or not to do something, if some event collateral to such contract does or does not happen.

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