https://www.taxtmi.com/article/detailed?id=6398 Contingent contracts are agreements contingent on a collateral future event; enforceability depends on occurrence or impossibility of that event. Contracts contingent on an event happening are not enforceable until it occurs and become void if the event becomes impossible. Contracts contingent on an event not happening may be enforced when the event is impossible. If the contingency is tied to future conduct of a person, it is deemed impossible when that person acts so as to render the conduct impossible within any definite time. Contingencies fixed to a time period become void or enforceable according to the event's occurrence or impossibility within that period. en-us Sat, 22 Aug 2015 07:47:09 +0530 Sat, 22 Aug 2015 07:47:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6398 Contingent contracts are agreements contingent on a collateral future event; enforceability depends on occurrence or impossibility of that event. Contracts contingent on an event happening are not enforceable until it occurs and become void if the event becomes impossible. Contracts contingent on an event not happening may be enforced when the event is impossible. If the contingency is tied to future conduct of a person, it is deemed impossible when that person acts so as to render the conduct impossible within any definite time. Contingencies fixed to a time period become void or enforceable according to the event's occurrence or impossibility within that period. Articles Other Topics Sat, 22 Aug 2015 07:47:09 +0530 https://www.taxtmi.com/article/detailed?id=6398