Contingent contracts enforceability: enforce when the uncertain event becomes impossible under contract law, not before. Contracts conditioned on the non-occurrence of an uncertain future event become enforceable when the event's occurrence becomes impossible; until factual impossibility is established the contingent obligation does not mature. Illustration: a promise to pay if a specified ship does not return becomes enforceable once the ship is sunk and return is impossible.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Contingent contracts enforceability: enforce when the uncertain event becomes impossible under contract law, not before.
Contracts conditioned on the non-occurrence of an uncertain future event become enforceable when the event's occurrence becomes impossible; until factual impossibility is established the contingent obligation does not mature. Illustration: a promise to pay if a specified ship does not return becomes enforceable once the ship is sunk and return is impossible.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.