Contracts
31. "Contingent contract" defined
A "Contingent contract" is a contract to do or not to do something, if some event collateral to such contract ... contingent contract. 32. Enforcement of contracts contingent on an event happening
Contingent contracts to do or not to do anything if an uncertain future event
contracts
31. "Contingent contract" defined.—
A "contingent contract" is a contract to do or not to do something, if some event, collateral to such contract ... contingent contract. 32. Enforcement of contracts contingent on an event happening.—
Contingent contracts to do or not to do anything if an uncertain future event
Contract Act, 1872
32. Enforcement of contracts contingent on an event happening.—
Contingent contracts to do or not to do anything if an uncertain future
Contract Act, 1872
33. Enforcement of contracts contingent on an event not happening.—
Contingent contracts to do or not to do anything if an uncertain ... certain ship does not return. The ship is sunk. The contract can be enforced when the ship sinks
General principles for contract.
- The following general principles should be observed while entering into contracts: (i) The terms of contract must be precise, definite ... terms should not involve an uncertain or indefinite liability, except in the case of a cost plus contract or where there is a price variation
Indian Contract Act, 1872
35. When contracts become void, which are contingent on happening of specified event within fixed time.—
Contingent contracts ... happening within fixed time.— Contingent contracts to do or not to do anything, if a specified uncertain event does not happen within a fixed time
authority before authorising payment of the claim in question. Contracts General Principles 28.
No contract may be entered into by any authority which ... contract or in excess of the contract rates may be authorised without the previous approval of the competent authority. (v) No contract involving an uncertain
Punjab Panchayat Samitis and Zila Parishads Finance, Budget and Accounts Rules, 2014
PUNJAB
India
Punjab
General principles for contract.
- The following general principles should be observed while entering into contracts: (i) The terms of contract must be precise, definite ... terms should not involve an uncertain or indefinite liability, except in the case of a cost plus contract or where there is a price variation
competent authority (b) Even in the cases, where a formal written contract is not made, no order for supplies should be placed without at least ... contract or in excess of the contract rates may be authorised without the prior approval of the competent authority. (6) No Contract involving an uncertain
