A contingent contract based on the specified uncertain event happening within a fixed time under section 35

Solution(By Examveda Team)

A contingent contract is a contract that depends on the happening or non-happening of a specified uncertain event. According to Section 35 of the Indian Contract Act, a contingent contract based on the specified uncertain event happening within a fixed time has certain implications:

Option A: This option is incorrect. A contingent contract does not remain valid if the specified uncertain event does not happen within the fixed time. It becomes void.

Option B: This option is correct. A contingent contract becomes void at the expiration of the time fixed if the specified uncertain event does not occur within that time frame.

Option C: This option is also correct. If the happening of the event becomes impossible before the expiry of the time fixed, the contingent contract also becomes void.

Option D: This option is correct as it includes both option B and option C, which are the correct outcomes of a contingent contract under Section 35 of the Indian Contract