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Which of the following provisions of the Indian Contract Act, 1872 defines contingent contract?

Section 31 defines a contingent contract as an obligation to do or not do something depending on whether a collateral event happens. The collateral event is separate from…

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Which of the following provisions of the Indian Contract Act, 1872 defines contingent contract?

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Correct answer C

Section 31 defines a contingent contract as an obligation to do or not do something depending on whether a collateral event happens. The collateral event is separate from the promised performance itself. Section 32 then deals with enforcement where the contract depends on an event happening.

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