Which of the following best describes an "Uncertain Event"?

Prepare for the CA Foundation Business Law Exam with our comprehensive quiz. Utilize flashcards and multiple-choice questions, each complete with hints and explanations. Ace your exam confidently!

An "Uncertain Event" is characterized by outcomes that cannot be predicted with confidence, meaning there is a lack of clarity regarding how the event will unfold. This definition aligns perfectly with the selected option, which emphasizes that the outcome is not predictable.

In the context of business law and decision-making, recognizing uncertain events is crucial, as they often involve risks and the need for strategic planning. For instance, uncertainties could arise in various scenarios such as market fluctuations, changes in consumer behavior, or unforeseen circumstances impacting contractual obligations.

The other options do not accurately convey the nature of uncertainty. Events with predetermined outcomes clearly indicate what will happen, while highly predictable outcomes suggest a level of certainty contrary to the essence of uncertainty. A legal dispute, while it might arise from an uncertain event, does not define an uncertain event itself but is rather a consequence of differing expectations regarding an event's outcome.

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