In force · As amended up to 2026-08
CHAPTER III
OF CONTINGENT CONTRACTS
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.
Source: India Code