CSEET · Business Laws and Management · Elements of Law of Contracts
Which statement about contingent contracts is correct under the Indian Contract Act, 1872?
A contract contingent on an event happening becomes void if that event becomes impossible. Section 32 states that such a contract cannot be enforced until the event happens, and if the event can no longer occur, the contract is void.
- AA contract contingent on an event happening can be enforced before the event happens
- BA contract contingent on an event happening becomes void if the event becomes impossibleCorrect
- CA contract contingent on an event not happening can be enforced only after it has happened
- DA contingent contract is valid only if the event is certain to happen
Explanation
Section 32 provides that if the event becomes impossible, such contracts become void. The first option contradicts the rule that enforcement must wait until the event has happened. The third reverses Section 33, and the fourth is wrong because the event must be uncertain.
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