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This question belongs to Law Indian Contract Act

Indian Contract Act

?

A tells B that he will pay him Rs. 1,000 when he turns 30. Is this a contingent contract?

A) Yes. The payment is contingent upon the occurrence of an event. B) Yes. When B turns 30, A will pay him Rs. 1,000. C) No. There is no consideration. D) No. B definitely will tum 30. There is no possibility of the event not happening. This is not a contingent contract.

Answer & Solution

Correct Answer: Option A

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Question posted by Examveda

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