Contingent Contracts

40 Questions | Total Attempts: 1588

SettingsSettingsSettings
Random Quizzes & Trivia

__________________________________________________ No. Of Questions to be Answered : Random 20 out of 40 __________________________________________________


Questions and Answers
  • 1. 
    A contract dependent on the happening or non-happening of future uncertain event, is a
    • A. 

      Contingent contract

    • B. 

      Uncertain contract

    • C. 

      Void contract

    • D. 

      Voidable contract.

  • 2. 
    A contract to do or not do something if some event, collateral to such contract, does or does not happen, is legally known as
    • A. 

      Uncertain contract

    • B. 

      Wagering agreement

    • C. 

      Contingent contract

    • D. 

      Voidable contract.

  • 3. 
    Legally, the term contingent contract is defined in
    • A. 

      Section 30

    • B. 

      Section 31

    • C. 

      Section 56

    • D. 

      Section 68

  • 4. 
    A contingent contract is ____________
    • A. 

      Void

    • B. 

      Voidable

    • C. 

      Illegal

    • D. 

      Valid

  • 5. 
    The performance of a contingent contract becomes due only upon the happening or non- happening of future uncertain event.
    • A. 

      True

    • B. 

      False

  • 6. 
    A promises to pay Rs. 500 to B if it rains on the first Monday of next month. It is a
    • A. 

      Wagering agreement

    • B. 

      Contingent contract

    • C. 

      Void contract

    • D. 

      Voidable agreement.

  • 7. 
    A agrees to pay Rs. 5,000 to B if B's car is burnt. It is
    • A. 

      Void

    • B. 

      Voidable contract

    • C. 

      Wagering agreement

    • D. 

      Contingent contract.

  • 8. 
    Which of the following is not an essential requirement of a valid contingent contract?
    • A. 

      The performance must be conditional

    • B. 

      The event must be uncertain

    • C. 

      The event must form part of the contract

    • D. 

      The event must be independent or ancillary

  • 9. 
    A agrees to purchase B's horse for Rs.20,000,if the house prover a lucky.It is 
    • A. 

      A contingent contract as its performance depends upon uncertain event i.e.,luck of the horse.

    • B. 

      Not a contingent contract as the event (i.e.,luck of the horse) is part of main contract.

    • C. 

      Void contract on account of uncertainty.

    • D. 

      Both (b) and (c).

  • 10. 
    An uncertain event on the happening or non - happening of which the performance of a contingent contract depends,
    • A. 

      Must be an act of the party.

    • B. 

      Must not be an act of the parties.

    • C. 

      Must be some another independent event

    • D. 

      May be an act of the parties or some other independent event.

  • 11. 
    A agrees to pay Rs.50,000 to B if he (B) marries C.It is
    • A. 

      A wagering agreement

    • B. 

      A contingent contract

    • C. 

      An uncertain contract

    • D. 

      A voidable contract

  • 12. 
    Can the collateral event on which contingent contract  is  dependent,be an act of the party ?
    • A. 

      Yes

    • B. 

      No

  • 13. 
    A contract dependent on the sole discretion or will of the promisor is
    • A. 

      An uncertain contract

    • B. 

      A contingent contract

    • C. 

      A forbidden contract

    • D. 

      A voidable contract

  • 14. 
    A promises to pay Rs.5,000 to B if he (A) feel like to pay .This agreement is ________
    • A. 

      Valid

    • B. 

      Voidable

    • C. 

      Void

    • D. 

      Illegal

  • 15. 
    A contingent contract dependent on the happening of impossible event is ___________
    • A. 

      Void

    • B. 

      Valid

    • C. 

      Voidable

    • D. 

      Illegal

  • 16. 
    Which of the following fall in the category of contingent contract ?
    • A. 

      Contracts of insurance

    • B. 

      Contracts of Guarantee

    • C. 

      Sale of goods on credit

    • D. 

      Both (a) and(b)

  • 17. 
    A contract of insurance which provides that fixed amount of money shall be paid on the happening of the event e.g.,fire,accident etc.is a
    • A. 

      Contingent contract

    • B. 

      Wagering agreement

    • C. 

      Uncertain agreement

    • D. 

      None of these

  • 18. 
    A contract of life insurance is a 
    • A. 

      Contract of indemnity

    • B. 

      Contract of guarantee

    • C. 

      Wagering agreement

    • D. 

      None of these

  • 19. 
    A contract of the insurance which does not provide for the payment of fixed amount but according to the loss suffered by insured person,is a 
    • A. 

      Contract of indemnity

    • B. 

      Contract of guarantee

    • C. 

      Wagering agreement

    • D. 

      None of these

  • 20. 
    Which of the following statements is correct ?
    • A. 

      Contingent contracts are void and thus not enforceable in the court of law.

    • B. 

      Contingent contracts are valid and thus are enforceable in the court of law.

    • C. 

      Contingent contracts are voidable and thus enforceable at the option of promisor.

    • D. 

      Contingent contracts fall in the category of wagering agreements.

  • 21. 
    A contingent contract dependent on the happening of future uncertain event can be enforced when that event
    • A. 

      Happens

    • B. 

      Becomes impossible

    • C. 

      Does not happen

    • D. 

      Both(a)and(c)

  • 22. 
    When the future uncertain event, on the happening of which the contract is dependent, becomes impossible then the contract becomes.  __________   
    • A. 

      Valid

    • B. 

      Voidable

    • C. 

      Void

    • D. 

      None of these

  • 23. 
    A contracts to pay Rs. 50,000 to B if the (B) marries C. But C dies before marriage. The contract between A and B.
    • A. 

      Cannot be enforced

    • B. 

      Can be enforced at the option of A

    • C. 

      Can be enforced if B marries C's sister

    • D. 

      Can be enforced at the option of B.

  • 24. 
    A contingent contract dependent on the non- happening of future uncertain event can be enforced when that event.
    • A. 

      Happens

    • B. 

      Becomes impossible

    • C. 

      Does not become impossible

    • D. 

      Both (a) and (c).

  • 25. 
    A contingent contract dependent on the non- happening of future uncertain event becomes void when such event
    • A. 

      Happens

    • B. 

      Does not become impossible

    • C. 

      Does not happen

    • D. 

      Both (a) and (b).

Related Topics
Back to Top Back to top