When contracts become void which are contingent on happening of specified event within fixed time? Section 35 of Indian Contract Act 1872
35. Contingent contracts to do or not to do anything if a specified uncertain event happens within a fixed time become void if, at the expiration of the time fixed, such event has not happened, or if, before the time fixed, such event becomes impossible.
When contracts may be enforced which are contingent on specified event not happening within fixed time.-Contingent contracts to do or not to do anything if a specified uncertain event does not happen within a fixed time may be enforced by law when the time fixed has expired and such event has not happened or, before the time fixed has expired, if it becomes certain that such event will not happen.
(a) A promises to pay B a sum of money if a certain ship returns within a year. The contract may be enforced if the ship returns within the year, and becomes void if the ship is burnt within the year.
(b) A promises to pay B a sum of money if a certain ship does not return within a year. The contract may be enforced if the ship does not return within the year, or is burnt within the year.
Section 21 - Effect of mistakes as to law
Section 22 - Contract caused by mistake of one party as to matter of fact
Section 23 - What considerations and objects are lawful and what not
Section 24 - Agreements void, if considerations and objects unlawful in part
Section 25 - Agreement void, if made without consideration
Section 26 - Agreement in restraint of marriage void
Section 27 - Agreement in restraint of trade void
Section 28 - Agreements in restraint of legal proceedings void
Section 29 - Agreements void for uncertainty
Section 30 - Agreements by way of wager void
CHAPTER III CONTINGENT CONTRACTS
Section 31 - Contingent contract defined
Section 32 - Enforcement of contracts contingent on an event happening
Section 33 - Enforcement of contracts contingent on an event not happening
Section 34 - When event on which contract is contingent to be deemed impossible, if it is the future conduct of a living person
Section 35 - When contracts become void which are contingent on happening of specified event within fixed time
Section 36 - Agreements contingent on impossible events void
CHAPTER IV THE PERFORMANCE OF CONTRACTS
Section 37 - Obligation of parties to contracts
Section 38 - Effect of refusal to accept offer of performance
Section 39 - Effect of refusal of party to perform promise wholly
By whom contracts must be performed