Contingent Contract under Indian Contract Act- Our Legal World
Contingent Contract under Indian Contract Act Definition The expression “Contingent Contracts” is defined under Section 31 of the Indian Contract Act, 1872 as: 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[1]. Illustration: Lily contracts to pay Riya Rs.50,000 […]