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 to B Rs.10,000 if B’s house is burnt. This is a contingent contract.

Read Contract Act in a systematic way.

Bare Acts

Read Contract Act each section wise.

Download beautiful, mobile friendly Contract Act PDF.

WritingLaw » Contract Act, 1872 » Section 31 Contract Act Law Study Material WritingLaw's Telegram and Excellent Instagram