A contract to do or not to do something if some event collateral to such contract does or does not happen is called___________________?
Correct answer: C. Contingent contract
- A. Simple contract
- B. Complex contract
- C. Contingent contract
- D. None of above
Explanation
Under Section 31 of the Contract Act, a contract whose performance depends on the happening or non-happening of a collateral uncertain event is a contingent contract.
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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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