A contingent contract is one that depends for its enforcement on:
Correct answer: A. The occurrence or non-occurrence of a collateral event
- A. The occurrence or non-occurrence of a collateral event
- B. The personal satisfaction of the creditor alone
- 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.
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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.
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