A contingent contract is one that depends for its enforcement on:
Correct answer: B. The occurrence or non-occurrence of a collateral event
- A. The personal satisfaction of the creditor alone
- B. The occurrence or non-occurrence of a collateral event
- C. The payment of consideration in every case
- D. The filing of a civil suit by either party
Explanation
A contingent contract depends on an uncertain collateral event happening or not happening. It is different from an ordinary contract whose performance does not depend on such a condition.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Civil Law
Civil law governs disputes involving private rights, including contracts, property, family relations, torts and compensation. The subject explains breach of duty, civil liability, damages, specific relief, injunctions and other remedies, while distinguishing private claims between individuals from criminal proceedings brought to punish offences against the state.
Practise Civil Law
912 free Civil Law MCQs from Law and Constitution, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Law and Constitution questions like this
Law and Constitution is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Civil Law questions
A contract is discharged by novation when:
In civil litigation, a plaintiff seeking a declaration usually asks the court to:
What is the usual legal effect of an offer being revoked before acceptance?
Under the doctrine of frustration, a contract may be discharged when performance becomes:
When a contract names a sum payable upon breach, a court awarding compensation generally considers:
In tort law, conversion most directly involves: