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A contingent contract dependent on the happening of uncertain event in the future can be enforced when the event
A
Happens
B
Becomes impossible
C
Does not happen
D
None of the above is correct
Correct Answer:
Happens
In the context of contingent interest in case of happening of a uncertain event or if a specified uncertain event shall not happen, such person acquires a contingent interest in the property. Such interest
A
Becomes vested interest in the former case, on the happening of the event, in the later, when the happening of event becomes impossible
B
Does not become vested interest
C
Vested interest does not depend upon happening or not happening of event
D
None of the above
Contingent interest in the property becomes a vested interest, on the happening of an uncertain event or when the happening of the event becomes
A
Possible
B
Impossible
C
Probable to happen
D
All of the above
Contingent contract to do or not to do anything on the happening of an uncertain future event:
A
is never enforceable
B
is enforceable since the time of making it
C
becomes enforceable in the immediate possibility of happening of that event
D
becomes enforceable only on the happening of that event
A contingent contract to do or not to do anything on the happening of an uncertain future event under section 32
A
Is never enforceable
B
Becomes enforceable only on the happening of that event
C
Enforceable since the time of making it
D
Becomes enforceable in the immediate possibility of happening of that event
A contingent contract based on the specified uncertain event happening within a fixed time under section 35
A
Remains valid even if the event does not happen within that fixed time
B
Becomes void at the expiration of the time fixed
C
Becomes void if the happening of that event becomes impossible before the expiry of time fixed
D
Both B and C
Delegation of power to give divorce, to wife, contingent upon happening of an event, on the happening of that event
A
Shall ipsofacto dissolve the marriage
B
Marriage shall be dissolved on exercise of power by the wife
C
Marriage can only be dissolved with the consent of the husband
D
Marriage can be dissolved by resorting to judicial process by the husband
The following are the two statements relating to the theory of probability. Indicate the statements being correct or incorrect.
Statement I The probability of the joint occurrence of independent events A and B is equal to the probability of event A multiplied by the probability of event B or
vice-versa
.
Statement II The probability of the joint occurrence of independent event A and dependent event B is equal to the probability of event A multiplied by the conditionalprobability of event B when event A has occurredor
vice-versa
.
A
Both statements are correct
B
Both statements are incorrect
C
Statement I is correct while Statement II is incorrect
D
Statement I is incorrect while Statement II is correct
A contingent contract based on the specified uncertain events not happening within a fixed time under section 35
A
Remains valid even if the event does not happen within that fixed time
B
Becomes void at the expiration of the time fixed
C
Becomes void if the happening of that event becomes impossible before the expiry of time fixed
D
Both B and C
A contract based on the happening or non-happening of a future event under section 31 is called
A
A contingent contract
B
A wagering contract
C
A contract marked with uncertainty and hence void
D
None of the above
Which of the following statements are true?
(1) Minor's contract can be ratified on attaining majority.
(2) Minor's contract cannot be ratified on attaining majority.
(3) Minor's contract can be ratified jointly by both the parties to the contract.
(4) Minor is not liable under minor's contract.
(5) Minor's contract is an enforceable contract.
A
1 and 3
B
5 and 2
C
2 and 4
D
2 and 3
E
3 and 4