Indian Contract Act, 1872
Section - 31 - "Contingent contract" defined
CHAPTER III
OF CONTINGENT CONTRACTS
"Contingent contract" defined
31. 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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