Lawgist32Enforcement of contracts contingent on an event happening
Contingent contracts to do or not to do anything if an uncertain future event happens cannot be enforced by law unless and until that event has happened.
If the event becomes impossible, such contracts become void.
Illustrations
(a) A makes a contract with B to buy Bs horse if A survives C. This contract cannot be enforced by law unless and until C dies in A's lifetime.
(b) A makes a contract with B to sell a horse to B at a specified price, if C, to whom the horse has been offered, refuses to buy him. The contract cannot be enforced by law unless and until C refuses to buy the horse.
(c) A contracts to pay B a sum of money when B marries C. C dies without being married to B. The contract becomes void.
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- 31 "Contingent contract" defined
- 32 Enforcement of contracts contingent on an event happening
- 33 Enforcement of contracts contingent on an event not happening
- 34 When event on which contract is contingent to be deemed impossible, if it is the future conduct of a living person
- 35 When contracts become void which are contingent on happening of specified event within fixed time . When contracts may be enforced, which are contingent on specified event not happening within fixed time
- 36 Agreement contingent on impossible events void
