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    contingent contract

    Uploaded by

    Sameer Kamble 2707
    Class note bls sem 5

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    © All Rights Reserved
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    contingent contract

    Uploaded by

    Sameer Kamble 2707
    3 views6 pages
    Class note bls sem 5

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF or read online from Scribd

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    Class note bls sem 5

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Download as pdf
    3 views6 pages

    contingent contract

    Uploaded by

    Sameer Kamble 2707
    Class note bls sem 5

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Download as pdf
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    [ Define the tenn _Contingeot = [ wrot Ws a) Contingent .conteert 2 Discuss Hie law [Netowrng 49 enrforcements | Sb earngenh nner, | Sumopsis || tate duttoo __ | Definihen of Smringent word — | Essenvial | Cherecienisies oly wHringent contre = Legot Rares vegereling. ewortngenl enh = |pknaton blur Convingent © Wagedny wnrreut, g [Htatreduction [Aceomrratt fs cured Conringent when tre performunce off — convent olepends upon The sobs or nen~ happenin Ph some Convingemesy « lie -aorve Weeretn evente Iconwngent- Cis CondiNenal covirat ond suth contracts ore vaud conlraths Definifton off Contingen| | vires 23) Sea deals “e Comvingh bk embrect - Sok coningemi— Gomtveel= fs a wmtrast te de er not te [do comeing IP some Seal y.ellatral te susie [con wet , Soca ox dues not happen. TiushKon — A conhashe to Pay 8 RS: lovooe/— if B's rouse 15 bumb. This 1S wniingent Contmed A llaqvecs te pay B & sum of Rs‘ lo,ooo[- NE B mamiesite C “Tis fs O coningent contracts The adintrout of insurence 4 in dernrns hy, R Guecntee ave tu eaernples + PThe contingent Contreur doer not depend fer His lice erence seputrresiwwill % please of spre. penaee like ona’ ; “ llobligawwons is pesipones! i aaa r [non happening oh & pe ments Sete [hewebove , tree wnvracr bene es mt Comi@event 1As ~ [some Fatuwre hore wher oo pete happened = +o Psy B [oth the above, pe cores Ao ! Pe oe. be [eas 1oooe|— te @ is nob cree [ts bom & tis nis house \— “pre blew > [Lon wheo bata amis problem bumin Jlwmich fs net dependic Ge. teen! Ror B) Suan ent 15 cattecl Collateral even — Se PW ee eer Ipcomase no ashen oOmioe anc 6h my Sen — Il po is. uived Pea the ecommerce Off SUB erent — i rye Of Te — nee oven br 4 be oot of perry: Jeoatrreet— Aepends me akso fous ab content= Whiten, 1s dependent: “pon some Tack e\ pom 1S also convingeml—:__comireel i 3 - - | I | | | = l & ae WY Bk musk depend apon tre happening £ssenwal arson of Convingual- comlreet-- Weve mest be a anwol- +o do or net te do | sommetning- ey hone happening ef some Fatuve unterrain event: The even \- must be colleueral oF indeentel bo Lane com rete, A_setley agqvees to give detivey Ob the goods f The buyer atier a menth prewed We buy er mares Peyrmoen within fire days: TiS 'S an absolve contra & nek comringen Lowtreet beeause the eent oh making Paymect oy “bee buyer is tie essenvval “# inteyret perm oh sme wont F therepove nek eoliaterat te tre Con Weel. flegat Rules Regerding Contingent Contrach — a ss) } ‘ | on happening S32 Enforcement Of cemiraal> con Wagent of en even —_lleommngent _Comireutm te de er not todo anything it ery LA ancenein —Futuve events heppens, cook be lot Law Unless # wont tet eenk Woo happened Tere erent becomes impossible , such combract floerormnes vord, Thuswdiven —D Ah matees, a Conrad “EB ts bug. BS house [iyo Somes 21 Tris commends cm hob ee Leetfeveesl toy tau “nless % UM © dies ‘in A'S lipe me Dil wns + Py B 2 Sunn ak meney when @ mest Cu iG ares ercuk™ (esing Sonate to B, “We wntreut- beromes voids po. conkingenk — Fa -fypemen of enn ne ls Do ppenin Con Wing ent Can tere eh = VE an umiemain Year nh be cD fexvecod = apnening : a @ nab “be ble “ 4 enpos® 7 oo Ee wt te p-y B ¢ sum of Mons, et \ + wok Yet. The si; a \h_o cenvain ship dears sh; Ss Stak. The writ On b& enforeed eo Ts. 3 Winer ores ae ni ome es Sen ae 4 7 . ir be deemed impossible pif iF 1S re —futuve. Cond, Sy leh ativan ersen: _ = pe pif ne “Rania a cnl onmehich a comicceh 1S ” Contingent iS cme wey ginic whith apersao ull Ss aur alk Unspecified time 9 “Mme event shatt be consictevesh te berome _impessi BTS When such — 7 Sh Lpersen does rt ming whew venders jit Gapesible hal smeutgy se astm wi nin yp Ldepoite Ame or Omemise “then _Unctly fumes Lon nyeanel es 5 Tilustrakeo — An agvees to P&Y Bop a sum ef mene jj B menesie, C Mewtes Dime Menrage © Bote CO meal= be consictoned] impossible, of alFne yy TEs pessive hot D my ole Ff £ one aqtenvwrels + oxy B- eo ao SS _ eee td [ & = femvrests beremes Void) Whida eve cenvingenl on Asprcning O45 Speaibreal event with Hxceck Hm, Convingen| Conweuts to de op nop dodo amyming ify h apesified Uncenain event happens wltnin a Seed —— lime, beume void iP meot due ompiranon of aime Powel 5 such even) as nel- heprencel or E,| befove me time! Feed, soa) etrent | belomes impossible. ; When _Com\restS me be enforced whith ove comVingent if spesigved ent net Happening within Biotec] eninge onbreats + do om net tre do nny M4 a specifre| unanein event ders Ince hepren a drneal me, Mme be en force lea, haw when tre tmels Pracen hes esepiveal RNsusy even} hes not cheppened, ov j before Ine tame ffeed has enepived » if Tt eromes corral d tmal- Seo enn will nok happen Pw yret on pz nek Rds am ~ > i SY 4 De oe happens oo vei wen 78 4 Tmpossitilly ok 2 1S _beoy I Contingent @Qovcerments te de j J wehetrern “he, o> nob -b the penves Ly Ame len if ts sede I] Hl - iz [> aqeca te pay @ 1,080 psj-_ ik twe bine shea} fs vord, (enters space she apeeemeni SS I sees eat freee ese mers ree nT a TA eee Pape 1 ase 1a elt as wee HME of I

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