A contract of life insurance, the performance of which depends upon a future event falls under the category of

Related MCQs

• When the performance of a contract becomes impossible, the purpose which the parties had in mind is frustrated. If the purpose becomes impossible because of supervening event, the promisor is excused from the performance of the contract. This is known as :
• Contracts contingent upon the non-happening of the future uncertain event becomes void when such event:-
• The contingent contract dependent on the happening of the future uncertain event can be enforced when such event:
• Contract contingent upon the happening of a future uncertain event becomes void.
• Contract contingent upon the non-happening of the future uncertain event becomes enforce able
• If the performance of contract becomes impossible, because of a supervening event, the promisor is excused from the performance. This is known as
• Each party to a contract is bound to perform his part of the obligation. After the parties have made due performance of the contract comes to an end. In such a case the contract is said to be discharged :
• Where under a contract of sale the property in goods is to be transferred at a future time, the contract is called.
• Contingent contract dependent on the non-happening of the event within a fixed time can be enforced, if the event:-
• Where a contract of sale purports to effect a present sale of future goods, the contract operates as