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

Indian Contract Act (ICA)1872 Valid and Void Contracts

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

Wagering agreement

Contingent contract

Void contract

Voidable contract

- Wagering Agreement: This involves a bet or gamble with uncertain outcomes. There's no interest beyond the outcome.

- Contingent Contract: These are valid contracts based on certain conditions. The performance depends on the happening of a future uncertain event.

- Correct Answer: Contingent Contract

- Void Contract: An agreement that was never valid from the start. It can't be enforced by law.

- Voidable Contract: Valid at first but can be voided by one party due to some defect, like misrepresentation or undue influence.

Submit Error