Indian Contract Act — Section 31

“Contingent contract” defined.—A “contingent contract is a contract to do or not to do

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.

A contracts to pay B Rs. 10,000 if B’s house is burnt. This is a contingent contract.

Illustration

Judgments citing Section 31

Text reproduced from the public statutes on which the corpus is built. Verify against the official Gazette before relying on it. This is statute reference, not legal advice.