What Is Contingent Contract in Hindi

Example: X signs a contract with Y to pay him 10,000 rupees for the delivery of certain books. This is not a conditional contract, as X is obliged to pay for an event that is part of the contract and not a guarantee for it. A: A conditional contract differs from a betting contract in the following points. A betting agreement is an invalid agreement, but a conditional contract is a valid contract. A: There are certain essential conditions for the performance of a conditional contract. These are also different types of conditional contracts. In the betting contract, the occurrence or non-occurrence of an event or act is the premise of the contract, but in a conditional contract, the eventuality or condition is only a guarantee. There are certain essential elements of a conditional contract, as specified in section 31 of the Contracts Act. Example: A promises to pay ten thousand rupees to B if he marries C. If C D marries, the case where B C marries is made impossible. A divorce between C and D or the death of D is possible later and only in this case is the contract concluded. Otherwise, the contract will become null and void.

The contract depends on the behavior of a person whose action makes it impossible to fulfill the condition. Insurance contracts, liability contracts and guarantee contracts are some examples of conditional contracts. A conditional contract is only considered valid if an event occurs or does not occur and it constitutes security for the contract. Example: X signs a contract with Y to pay him 10,000 rupees if the books are delivered to him before Friday. In this case, delivery before Friday is a guarantee for the contract and is not part of the consideration. It is therefore a conditional contract. The contract depends on the occurrence of an event – The contract is unenforceable if the event does not occur. Example of a conditional contract: A promises to pay B a sum of 20,000 rupees if his house is damaged by a fire. The payment of the amount depends on the fact that the house is destroyed by fire. If there is no fire, B cannot claim the amount of A, which is not payable because the fire that was the secondary condition did not occur.

Meaning of Hindi Quota Contract: Get the meaning and translation of hindi language quota contract with grammar, antonyms, synonyms, and sentence usages. Do you know the answer to the question: What is the meaning of the contingent contract in Hindi? Contingent contract ka matalab hindi me kya hai (Contingent contract का हिंदी में मतलब ). The meaning of the conditional contract in Hindi (हिन्दी मे मीनिंग ) is प्रासंगिक संविदा. The contract depends on the occurrence of the event within a specified period. All betting contracts are conditional contracts, but not all conditional contracts include betting. A contract is considered a conditional contract only if the specified event is a future event that may or may not occur. A conditional contract is based on the occurrence or non-occurrence of an event. This event must constitute security for the contract and must not be part of the consideration specified in the contract. The eventuality must be an independent event. 31. Definition of « conditional contract » – A « conditional contract » is a contract intended to do or not to do something when an event that serves as security for such a contract occurs or not.

The parties to a betting contract have no interest in the event/condition set out in the contract, except that it results in the profit or loss of an amount. In a conditional contract, the parties have an active interest in the occurrence or non-occurrence of an event. According to the Indian Contracts Act: « If two or more parties enter into a contract to do or not to do something, whether or not an event guaranteeing the contract occurs, then it is a conditional contract. » In the case of a conditional contract, the performance of the contractor depends on compliance with certain conditions. These contracts only create an obligation for the promisor if the conditions of the contract are met. The contract depends on the non-occurrence of an event – In the case of a conditional contract based on the non-occurrence of an uncertain future event, the promising is responsible for its execution if the event does not occur. If the specified event occurs, the contract expires. The meaning of a conditional contract is that the terms attached to the contract must be certain that they will occur in the future. The existence of a condition is essential for a contract to be conditional […].

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