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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
  • 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
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