WebNov 25, 2024 · A contingent contract requires the promisor to perform an outlined obligation only when certain conditions are met. It differs from an absolute contract in that absolute contracts require the promisor to perform on the terms agreed upon within the contract without any conditions. The Indian Contract Act of 1872 provides a more detailed ... WebContingent or contingency means a condition is written into the contract that must be met for the contract to be legally binding. Most residential purchase offers include …
What Does Contingent Mean in Real Estate? - Welcome to the …
Web1 day ago · Gov. Ron DeSantis signs the legislation banning most abortions after six weeks of pregnancy on Thursday, April 13, 2024, after the Florida House passed the bill. Even with the governor's signing, the bill's future is contingent on a state Supreme Court ruling on last year's 15-week ban. The signing came after an all-day emotional debate and ... WebCONUS, a technical term used by the U.S. Department of Defense, General Services Administration, NOAA/National Weather Service, and others, has been defined both as … mine lithium bolivie
Definition of CONTINGENCY • Law Dictionary • TheLaw.com
WebIn financial economics, a state-price security, also called an Arrow–Debreu security (from its origins in the Arrow–Debreu model), a pure security, or a primitive security is a contract that agrees to pay one unit of a numeraire (a currency or a commodity) if a particular state occurs at a particular time in the future and pays zero ... A state of the world is a complete specification of the values of all relevant variables over the relevant time horizon. A state-contingent claim, or state claim, is a contract whose future payoffs depend on future states of the world. For example, suppose you can bet on the outcome of a coin toss. If you guess the outcome correctly, you will win one dollar, and otherwise you will lose one dollar. A bet on heads is a state claim, with payoff of one dollar if heads is the outcome, and pay… WebLaw Dictionary – Alternative Legal Definition. An event that may or may not happen, a doubtful or uncertain future event. The quality of being contingent. A fortuitous event, which comes without design, foresight or expectation. A contingent expense must be deemed to be an expense depending upon some future uncertain event. mine litecoin on laptop