Contingent Contract (Defined)

 

Contingent Contract (Defined)

Contingent Contract is defined under section 31, Chapter III of 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-

T gets into  a contract to pay C Rs. 20,000 if C’s house is burnt. This is a Contingent Contract.

 

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