Indian Contract Act Section 35 — When contracts become void which are contingent on happening of specified event within fixed time
CHAPTER III OF CONTINGENT CONTRACTS
Commercial / Corporate
Summary
A contingent contract that requires something to be done or not done if a specified uncertain event happens within a fixed time becomes void if, when that time expires, the event has not happened. It also becomes void if, before the time expires, the event becomes impossible to happen.
A contingent contract that requires something to be done or not done if a specified uncertain event does not happen within a fixed time may be enforced by law once the time has expired and the event has not happened. It may also be enforced before the time expires if it becomes certain that the event will not happen.
Official Text
Contingent contracts to do or not to do anything if a specified uncertain event happens within a fixed time become void if, at the expiration of the time fixed, such event has not happened, or if, before the time fixed, such event becomes impossible. 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, if a specified uncertain event does not happen within a fixed time may be enforced by law when the time fixed has expired and such event has not happened or, before the time fixed has expired, if it becomes certain that such event will not happen. Illustrations