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 to B Rs.10,000 if B’s house is burnt. This is a contingent contract.
- Article 334A of the Constitution of India - 14th April 2024
- Article 332A of the Constitution of India - 14th April 2024
- Article 330A of the Constitution of India - 14th April 2024