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Section 31 - Contingent contract defined : Indian Contract Act 1872

How Contingent contract defined? Section 31 of Indian Contract Act 1872


 

Section 31 of Indian Contract Act 1872 : "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 B Rs. 10,000 if B's house is burnt. This is a contingent contract.

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