Contingent contract: obligation to act or refrain dependent on occurrence or non occurrence of an external event. A contingent contract is a contractual obligation to do or not to do something which becomes enforceable only if some event collateral to the contract ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Contingent contract: obligation to act or refrain dependent on occurrence or non occurrence of an external event.
A contingent contract is a contractual obligation to do or not to do something which becomes enforceable only if some event collateral to the contract does or does not happen; performance is suspended until that collateral event occurs or fails to occur.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.