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Indian Contract Act, 1872 Quiz

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Questions and Answers

What is the significance of the law of contract in business?

It facilitates smooth trade and business operations (correct)

It restricts personal dealings

It complicates trade and business operations

It eliminates the need for contracts in business

When did the Indian Contract Act, 1872 come into force?

1st September 1872 (correct)

28th July 1866

25th April 1872

3rd Law Commission of British India

What was the role of the third law commission of British India in the enactment of the Indian Contract Act, 1872?

Brought the law into force on 25th April 1872

Enacted The Act 9 of 1872

Presented the report on contract law for India (correct)

Submitted a draft on 28th July 1866

To what extent is the law of contract applicable?

<p>It is applicable to both business and day-to-day personal dealings</p> Signup and view all the answers

What do the rules and regulations in business law provide for?

<p>Seriousness and definiteness in business dealings</p> Signup and view all the answers

Indian Contract Act, 1872 Quiz

Choose a study mode

Podcast

Questions and Answers

What is the significance of the law of contract in business?

When did the Indian Contract Act, 1872 come into force?

What was the role of the third law commission of British India in the enactment of the Indian Contract Act, 1872?

To what extent is the law of contract applicable?

What do the rules and regulations in business law provide for?

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