Question

A contingent contract is defined under Section \(\underline{\hspace{0cm}}\) of the Indian Contract Act, 1872.

• A. Section 30
• B. Section 28
• C. Section 31
• D. Section 32

Hint:

Section 31 = contingent contracts; Section 32 = enforcement rules for contingent contracts.

Answer 1

The Correct Option is C

Section 31 defines a contingent contract as one dependent on the happening or non-happening of an uncertain future event. Example: a contract to pay money if a ship returns safely.