Section 31
“Contingent contract” defined
Chapter 4: Of contingent contracts
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 B‟s house is burnt. This is a contingent contract.
The Indian Contract Act, 1872 (Act No. 9 of 1872). From the updated text on India Code, with later amendments. Being checked against the official copy; amendment notes are not shown yet.
Related sections
- 32Enforcement of contracts contingent on an event happening
- 33Enforcement of contracts contingent on an event not happening
- 34When event on which contract is contingent to be deemed impossible, if it is the future conduct of a living person
- 35When contracts become void which are contingent on happening of specified event within fixed time
- 36Agreement contingent on impossible events void