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.
Section 31: "Contingent contract" defined.
The Indian Contract Act, 1872Central Act · Act 9 of 1872
Where this provision sits
| Act | The Indian Contract Act, 1872 |
|---|---|
| Section | 31 |
| Marginal note | "Contingent contract" defined. |
| Jurisdiction | Central |
| Status | In force as published by the source |
| Judgments citing it | 7 |
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