An agreement to pay money money s worth on the happening or non happen – McqOptions

MCQOPTIONS

1.	An agreement to pay money money s worth on the happening or non happening of a specified uncertain event is a
A.	Wagering agreement
B.	Contingent contract
C.	Quasi contract
D.	Uncertain agreement
Answer» B. Contingent contract

Discussion

No Comment Found

Related MCQs

An agreement which is enforceable by law at the portion of one or more of the parties thereon but not at the option of the other or others is a :
According section 5(2) subject to provision of any law for the time being in force a contract of sale may be
Where the performance of a promise by one party depends on the prior performance of promise by the other party, such reciprocal promises fall under category of
If a cheque is refused by the State Bank of India (SBI) due to inadequacy of funds for the cheque to clear, then it is said to be
An agreement in restraint of legal proceedings is void. It does not cover an agreement which
Where an agreement consists of two parts once legal and the other illegal and the legal part is separable from the illegal one, such legal part is
An agreement to pay money money s worth on the happening or non happening of a specified uncertain event is a
A contingent contract dependent on the non happening of a future uncertain event becomes void when such event
A agrees to pay Rs.1000 to B if a certain ship returns within a year. However, the ship sinks within the year. In this case, the contract becomes
A contingent contract dependent on the non happening of specified uncertain event within fixed time can be enforced if the event