The Indian Contract Act
31"Contingent contract" defined
A "contingent contract is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen.
Illustration
A contracts to pay B Rs. 10,000 if Bs house is burnt. This is a contingent contract.
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OF CONTINGENT CONTRACTS
- 31 "Contingent contract" defined
- 32 Enforcement of contracts contingent on an event happening
- 33 Enforcement of contracts contingent on an event not happening
- 34 When event on which contract is contingent to be deemed impossible, if it is the future conduct of a living person
- 35 When contracts become void which are contingent on happening of specified event within fixed time . When contracts may be enforced, which are contingent on specified event not happening within fixed time
- 36 Agreement contingent on impossible events void