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Section 31 of the Indian Contract Act, 1872. | Vidhi Judicial Academy

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Home/Indian Contract Act, 1872/Section 31 of the Indian Contract Act, 1872.

Bare Acts · Major Laws · Indian Contract Act, 1872 · English Medium Bare Acts

Section 31 of the Indian Contract Act, 1872.

1 min read

“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.

Also Check: The Indian Contract Act Free Classes

Illustration

A contracts to pay B Rs. 10,000 if B’s house is burnt. This is a contingent contract.

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“Free consent” defined. Consent is said to be free when it is not caused by— (1) coercion, as defined in se…

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Section 16 of the Indian Contract Act, 1872.

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Section 1 of the Indian Contract Act, 1872.Short title. This Act may be called the Indian Contract Act, 1872. Extent, Commencement. It extends to the…Section 2 of the Indian Contract Act, 1872.Interpretation-clause. In this Act the following words and expressions are used in the following senses, un…Section 3 of the Indian Contract Act, 1872.Communication, acceptance and revocation of proposals. The communication of proposals, the acceptance of pr…Section 4 of the Indian Contract Act, 1872.Communication when complete. The communication of a proposal is complete — when it comes to the knowledge o…Section 5 of the Indian Contract Act, 1872.Revocation of proposals and acceptances. A proposal may be revoked at any time before the communication of…Section 6 of the Indian Contract Act, 1872.Revocation how made. A proposal is revoked— (1) by the communication of notice of revocation by the propose…Section 7 of the Indian Contract Act, 1872.Acceptance must be absolute. In order to convert a proposal into a promise, the acceptance must— (1) be abs…Section 8 of the Indian Contract Act, 1872.Acceptance by performing conditions, or receiving consideration. Performance of the conditions of a proposa…

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