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As per Section 31 of the Indian Contract Act, 1872, which of the following is not an essential element…

Section 31 of the Indian Contract Act, 1872 defines a contingent contract as one to do or not to do something if some event, collateral to such contract, does or does not…

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As per Section 31 of the Indian Contract Act, 1872, which of the following is not an essential element of a contingent contract?

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Correct answer C

Section 31 of the Indian Contract Act, 1872 defines a contingent contract as one to do or not to do something if some event, collateral to such contract, does or does not happen. The event must be collateral, so "An uncertain event not necessarily collateral to the contract." is not an essential element.

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