Question

Which of the following best describes a contingent contract?

A A contract to perform an action regardless of any event
B A contract where performance depends on the occurrence or non-occurrence of a specific event
C A contract where one party is bound to perform, irrespective of any external conditions
D A contract that becomes void if an event, unrelated to the contract, occurs
E A contract based on the performance of the other party, regardless of external circumstances
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