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As per the provisions of the Indian Contract Act, 1872, which of the following is NOT an essential…

The contingent event must be collateral to the contract, rather than constituting its promised performance. Section 31 makes the obligation depend on whether that collateral…

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As per the provisions of the Indian Contract Act, 1872, which of the following is NOT an essential requirement of a valid contingent contract ?

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Correct answer C

The contingent event must be collateral to the contract, rather than constituting its promised performance. Section 31 makes the obligation depend on whether that collateral event happens or does not happen.

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