Section 31"Contingent contract" defined
In force
Chapter III OF CONTINGENT CONTRACTS
s. 31
31. "Contingent contract" defined 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 Taka 10,000 if B's house is burnt. This is a contingent contract.