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Under Section 31, a 'contingent contract' is a contract to do or not to do something if:
AA court so directs
BThe promisor so chooses
CSome event, collateral to the contract, does or does not happen
DThe promisee pays in advance
Answer & Solution
Correct answer: C. Some event, collateral to the contract, does or does not happen
Section 31 defines a contingent contract as one whose performance depends on the happening or non-happening of an event collateral to the contract.
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