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What is Contigency Contract ? Please explain point no. 2 and in the given photo. Point no. 2 and Example 19 in section 6 - Existing or future goods
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Best Answer
A "contingent contract" is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen. Illustration. ***A contracts to pay B Take 10,000 if B's house is burnt. This is a contingent contract. Enforcement of contracts contingent on an event happening.
Thread Starter
Ardhendu Sekhar AcharyaOk
Bro can you answer another question posted by me about Insolvency of buyer and seller in context of Agreement of Sale Vs Sale. Nobody has answered it yet
Balachandar S
Ok
Last two points about insolvency of buyer and seller respectively in Sales Vs Agreement of Sales columns