Section 34 in The Indian Contract Act, 1872
34. When event on which contract is contingent to be deemed impossible, if it is the future ... living person.—
If the future event on which a contract is contingent is the way in which a person will act at an unspecified time
inasmuch as the contract was
depending upon uncertain events of the Indian Bank, agreeing
for OTS, the contract entered is contingent depending on the
move ... contract to do or not to do something, if some
event, collateral to such contract, does or does not happen.
32. Enforcement of contracts contingent
Indian Contract Act, 1872
32. Enforcement of contracts contingent on an event happening.—
Contingent contracts to do or not to do anything if an uncertain
Section 31 in The Indian Contract Act, 1872
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
Section 33 in The Indian Contract Act, 1872
33. Enforcement of contracts contingent on an event not happening.—
Contingent contracts
Section 35 in The Indian Contract Act, 1872
35. When contracts become void, which are contingent on happening of specified event within fixed time.—
Contingent ... When contracts may be enforced, which are contingent on specified event not happening within fixed time.— Contingent contracts to do or not to do anything
that the contract
is a contingent one, and that the contingency
contemplated by the parties not having occurred, the
contract, regard being had to what ... contract to do or not
do something, if some event, collateral to such contract, does or
does not happen.
Section 32 . Enforcement of contracts contingent
contract in whole or in part can arise only when the contract subsists, as a valid and legally enforceable contract.
The contract considered in that ... found that the contract itself subsists as a valid and legally enforceable contract. It has already been found that the contract which is the basis
house is burnt. This is a contingent contract.
32. Enforcement of contracts contingent on an event happening.--Contingent
contracts ... dies without being
married to B. The contract becomes void.
33. Enforcement of contracts contingent on an event not happening.-- Contingent
contracts
reproduced below--
" Section 32 . Enforcement of contracts
contingent on an event happening.--
Contingent contracts to do or not to do
anything if an uncertain ... contracts become
void."
A contract of guarantee is an independent
contract between the Bank and the beneficiary thereof
and if it is a contract
