A promises to pay B Rs 10 000 if a ldquo Titanic rdquo ship returns within a year The contract ........

Indian Contract Act (ICA)1872 Valid and Void Contracts

Download Solution PDF

A promises to pay B Rs 10,000 if a “Titanic” ship returns within a year. The contract

may be a enforced if the ship returns within the year

becomes void, if the ship is burnt within the year

Both (a) and (b)

either (a) nor (b)

छोटे Courses बड़े Results

Master Valid and Void Contracts

Prepare through Micro-courses

Try Now

Explanation:

- Option 1: The contract may be enforced if the ship returns within the year, as the condition for the promise is fulfilled.

- Option 2: The contract becomes void if the ship is burnt within the year, because the performance becomes impossible, removing any chance of the condition being met.

- Option 3: Both (a) and (b) are correct. The contract can be enforced if the ship returns, and it becomes void if the ship is burnt.

- Option 4: Neither (a) nor (b) is incorrect here, as both scenarios are relevant and valid based on contract law principles regarding contingent contracts.