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The Indian Contract Act, 1872

Section 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 Bs house is burnt. This is a contingent contract.

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

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Cited in 21 documents

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