Mera Samvidhaan All of Indian Contract Act, 1872

Chapter III · Of Contingent Contracts

31“Contingent contract” defined.

Section 31 · Chapter III · page 20 of the Act

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.

Section 31 of The Indian Contract Act, 1872 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.