what is contingent contract
Home
/
Business Studies
/
what is contingent contract
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
A "contingent contract" is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen.
Example-
A contracts to pay to B Rs. 10,000 if B's house is burnt. This is a contingent contract.