Albert wants to purchase a stand from Mohammed. They agree that Albert will purchase the stand...

Albert wants to purchase a stand from Mohammed. They agree that Albert will purchase the stand if the beach is visible from the stand. Mohammed is not sure whether the beach is visible from the stand.

What is such contractual term (as above) called? Briefly discuss this contractual term.

Solutions

Expert Solution

Such Contractual term is Called Contingent Contracts

Contingent Contracts;

Defination ;

A contract to do or not to do something if some event ,collatreal to such contract does or does not happen.

The performance of contingent contract would depends upon the happening or non happening of some event or condition

In the Question Albert will perchase if beach is visible from the stand is a contingent contractbecause validity of the contract depends on the happening od the event/condition (i.e visiblilty of beach from the stand ).

jeff jeffy answered 2 years ago

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