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    Indian Kanoon > Indian Contract Act, 1872 > Section 31

    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 B‟s house is burnt. This is a contingent contract.
     

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