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Contingent contrat

The below example is given as not a contingent contract in one place and the same is given as an example for contingent contract .which is correct. EXAMPLE.2

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Reetikaa  R

Reetikaa R

CA Foundation

4K+

01-Apr-21 09:45

21

Answers (1)

The key point here is to identify if a contract is dependent on some collateral event i.e. an event which is - NOT a performance promised - AND NOT a whole consideration for promise Example 2: Here securing loan is a collateral event. Performance which B has to do is to sell house to A, A's performance will be to pay â?¹5L A promises to pay B â?¹1,00,000 if he marries C: Here B marrying C is a performance which B has to do to get â?¹1L. So, there is no collateral event here.


Sahibdeep Singh

Sahibdeep Singh

Moderator

01-Apr-21 10:47

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