A contingent contract dependent on the happening of the impossible event is an agreement that is based on a condition that cannot possibly occur. In other words, the terms of the contract are hinged on an event that is beyond the control of the parties involved and is incapable of taking place. This type of contract is considered void and unenforceable and can cause serious legal consequences for those who attempt to create such agreements.
One example of a contingent contract dependent on the happening of the impossible event is a contract that promises payment upon the discovery of a mythical creature. For instance, if a contract states that a party will pay a sum of money to another party when a unicorn is found, it would be considered impossible to fulfill the condition. This is because unicorns are mythical creatures that do not exist in the real world. Therefore, such a contract would be deemed void and unenforceable.
Another example of a contingent contract dependent on the happening of the impossible event is a contract that is based on the outcome of a sporting event that has already taken place. For instance, if a contract states that a party will pay money if a particular team wins a game that has already been played, it would be impossible to fulfill the condition. This is because the outcome of the game is already known and cannot be changed. Therefore, such a contract would also be deemed void and unenforceable.
It is important to note that any contract that is dependent on the happening of an impossible event is not legally binding. This means that if one party fails to fulfill their obligations under the contract, the other party cannot take legal action to enforce the agreement. Additionally, any attempt to create such a contract can result in serious legal consequences for both parties involved.
In conclusion, a contingent contract dependent on the happening of the impossible event is an agreement that is based on an event that cannot possibly occur. Such contracts are considered void and unenforceable, and any attempt to create them can result in legal consequences for those involved. Therefore, it is important for individuals and businesses to ensure that their contracts are based on realistic and achievable conditions to avoid any legal issues.