Common Contracts
1 similar Contingent Contract contracts
UNIT-3- Contingent contract, Quasi contracts, Wagering Agreement, Discharge of a Contract, Remedies for Breach of Contract. CONTINGENT CONTRACTContingent Contract • June 6th, 2021
According to Section 31 of the contract Act, contingent contract is a contract to do or not to do something, if some event collateral to such contract, does or does not happen. Contracts of insurance are of this class. Example: A contracts to pay B Rs. 1,00,000 if B’s house is destroyed by fire. This is a contingent contract.
