31."Contingent contract" defined

IllustrationIII Of contingent contractsVerified

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 B Rs. 10,000 if Bs house is burnt. This is a contingent contract.

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Agreements by way of wager, void

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Enforcement of contracts contingent on an event happening