Section 31

"Contingent contract" defined.

The Indian Contract Act, 1872

  • Act 9 of 1872
  • Ministry of Law and Justice
  • Legislative Department
All sections
    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.

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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