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      Question

      Contingent contracts are also known as

      ________________
      A Conditional contracts Correct Answer Incorrect Answer
      B Contractual contracts Correct Answer Incorrect Answer
      C Secondary contracts Correct Answer Incorrect Answer
      D Either a or b or c Correct Answer Incorrect Answer
      E Both a & b Correct Answer Incorrect Answer

      Solution

      A contract is a contingent contract when the performance of the contract is based on an uncertain events or conditions happening in the future.

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