Q: Elaborate section 32 and section 33 of Indian Contract Act ?

Ans:  Section 32 of contract act mentions about the rules relating to enforcement of contingent contract in happening of certain event whereas section 33 of contract act mentions about the rules relating to enforcement of contingent contract in not happening of certain event.

Section 32: For instance: A makes a contract with B that B would go and complete the work of C . If B completes the work of C , A would give some money to B i.e., Rs 10000. It is a future contract and B completes the work of C . Now the contract would become valid which means valid by law.

Section 33: For instance: A and B are two parties and A has promised to give sum of money to B. If a certain cargo ship returns,  then A would give money to B. If the cargo ship gets sunk, the ship would not get returned and thus the contract would become void.