A contingent contract based on the specified uncertain events not happening within a fixed time under Section 35:

Option A: remains valid even if the event does not happen within that fixed time

Option B: becomes void at the expiration of the time fixed

Option C: becomes void if the happening of that event becomes impossible before the expiry of time fixed

Option D: both (b) and (c)

Correct Answer

Option: d

Explanation

Section 35 of Indian Contract Act, 1872 deals with When contracts become void which are contingent on happening of specified event within fixed time. It states that-Contingent contracts to do or not to do anything if a specified uncertain event happens within a fixed time become void if, at the expiration of the time fixed, such event has not happened, or if, before the time fixed, such event becomes impossible. When contracts may be enforced, which are contingent on specified event not happening within fixed time-Contingent contracts to do or not to do anything, if a specified uncertain event does not happen within a fixed time may be enforced by law when the time fixed has expired and such event has not happened or, before the time fixed has expired, if it becomes certain that such event will not happen.

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