Indian Contract Act : "Contingent contract" defined Indian Bare Acts :

Indian Contract Act,1872

Act No : 9

Section : "Contingent contract" defined

31."Contingent contract" defined.-A " contingent contract " is acontract to do or not to do something, if some event, collateral tosuch contract, does or does not happen. Illustration A contracts to pay B Rs. 10,000 if B's house is burnt. This is acontingent contract.