Indian Contract Act, 1872
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Questions and Answers

What is the Indian Contract Act, 1872 primarily concerned with?

  • Addressing the sale of goods
  • Defining general principles and rules governing contracts (correct)
  • Regulating partnership agreements
  • Managing negotiable instruments

    • What does the preamble to the Indian Contract Act, 1872 state?

  • The Act covers all aspects of the law relating to contract
  • The Act is exhaustive on the law of contract
  • The Act aims to define and amend certain parts of the law relating to contract (correct)
  • The Act applies only to commercial contracts

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

  • August 15, 1947
  • January 26, 1950
  • December 1, 1860
  • September 1, 1872 (correct)

    • Which branch of law does the Law of Contract constitute?

    <p>The most important branch of Mercantile or Commercial Law</p> Signup and view all the answers

    What does the Indian Contract Act, 1872 not deal with?

    <p>Contracts relating to partnership, sale of goods, negotiable instruments, insurance</p> Signup and view all the answers

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