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Becomes void when the event becomes impossible, Reason: The word contingent means when an event or situation is contingent, i.e. it depends on some other event or fact. It means that the enforceability of that contract is directly depends upon happening or not happening of an event. Section 31 of the Contract Act defines contingent contract as a contract to do or not to do something, if some event collateral to such contract does or does not happen.
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