CONTINGENT CONTRACT

1. A contract of life insurance, the performance of which depends upon a future event, falls under the category of:-
   a) Wagering Agreement
   b) Contingent contract
   c) Contract of guarantee
   d) Special Contract
2. In the Indian Contract Act, a Contingent contract is defined under?
   a) Section 30
   b) Section 31
   c) Section 36
   d) Section 37
3. The provisions relating to a contingent contract under the Indian Contract Act, 1872 are laid down under:-
   a) Section 31 to 37
   b) Section 32 to 37
   c) Section 31 to 36
   d) Section 30 to 36
4. A makes a contract with B to buy his house for Rs. 50,000 if he is able to secure a bank loan for that amount. The contract is-
   a) Contingent contract
   b) Insurance contracts
   c) Wagering Agreement
   d) Voidable contract
5. A contracts to pay B a sum of money when B marries C. This is a type of-
   a) Vested contract
   b) Illegal Contract
   c) Voidable Contract
   d) Contingent Contract

Answer 1. (b) 2. (b) 3. (c) 4. (a) 5. (d)