Which one of the following is correct as per Section 31 of the Indian Contract Act 1872?
A contingent contract is a
A. Contract to do something only if some event, collateral to such contract, does not happen
B. Contract to do or not to do something, if some event, collateral to such contract happens
C. Contract to do or not to do something, if some event, collateral to such contract, does not happen
D. Contract not to do something, if some event, collateral to such contract happens
Answer: Option C

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