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.

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WritingLaw → Contract Act, 1872 → Section 31 Contract Act

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