NYAYA SIGNAL
Central · 1872 · Section 31
Section 31 — "Contingent contract" defined.
The Indian Contract Act, 1872
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.
Illustration
A contracts to pay B Rs. 10,000 if Bs house is burnt. This is a contingent contract.