Agreements in restraint of legal proceedings, void.— Every agreement,— (a) by which any party thereto is restricted absolutely from enforcing his rights under or in respect of any contract, by the usual legal proceedings in…
Agreements void for uncertainty.— Agreements, the meaning of which is not certain, or capable of being made certain, are void. Illustrations (a) A agrees to sell to B “a hundred tons of oil”. There is…
Agreements by way of wager void.— Agreements by way of wager are void; and no suit shall be brought for recovering anything alleged to be won on any wager, or entrusted to any person to…
“Contingent contract” defined.— A “contingent contract is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen. Illustration A contracts to pay B Rs.…
Enforcement of contracts contingent on an event happening.— Contingent contracts to do or not to do anything if an uncertain future event happens cannot be enforced by law unless and until that event has happened.…
Enforcement of contracts contingent on an event not happening.— Contingent contracts to do or not to do anything if an uncertain future event does not happen can be enforced when the happening of that event…
When event on which contract is contingent to be deemed impossible, if it is the future conduct of a living person.— If the future event on which a contract is contingent is the way in…
When contracts become void which are contingent on happening of specified event within fixed time.— Contingent contracts to do or not to do anything if a specified uncertain event happens within a fixed time become…
Agreement contingent on impossible events void.— Contingent agreements to do or not to do anything, if an impossible event happens, are void, whether the impossibility of the event is known or not to the parties…