What Is An Contingent Agreement

CélinePILON > What Is An Contingent Agreement
Non classé / 15 octobre 2021 / Posted by celine

The contract is concluded only when it comes to the performance or non-performance of an obligation. Figure: X promises to pay Y, Rs. 100,000 when he marries Z, the prettiest girl in the neighborhood. This is a conditional contract. Unfortunately, Z dies in a car accident. As the event is no longer possible, the contract is null and void. Catalogue retailers have long understood that conditional contracts are a good way to reduce the risks associated with unforeseen changes in demand. Because catalog design, production, and distribution times are long, consumer preferences can change significantly between the time a retailer inserts an item into a catalog and places an order with the vendor and the time the catalog arrives in mailboxes. .