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 to B Rs.10,000 if B's house is burnt. This is a contingent contract.
Chapter IIIO — f contingent contracts
Section 31
"Contingent contract" defined
Printed from Law on Tips • The Indian Contract Act, 1872