31. “Contingent contract ” defined.—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.
Text extracted from the official PDF (India Code source copy; consolidation date not certified). Line breaks and footnote marks may differ; the PDF is the authority.
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