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.
Central Act · India · Chapter Iii — Of Contingent Contracts
Section 31 “Contingent contract” defined
Indian Contract Act, 1872 · Edition: Archived India Code central text
Judgments on Section 31
LOK 2010 (11) SC 224 · Supreme Court of India
M/s. J.P. Builders v. A. Ramadas Rao and Ano
Equivalent citations: 2010 (4) KLT SN 89 (Case No.103) : JT 2010 (12) SC 588 : 2011 (1) KLJ (NOC) 18
Subject–
ActsSpecific Relief Act, 1963 (Section 16(c)); Transfer of Property Act, 1882 (Section 56); Indian Contract Act, 1872 (Sections 31 and 32); Section 56, T.P. Act, 1882; Constitution of India (Articles 136 and 142)