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Questions and Answers
What is the Indian Contract Act, 1872 primarily concerned with?
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?
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?
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?
Which branch of law does the Law of Contract constitute?
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What does the Indian Contract Act, 1872 not deal with?
What does the Indian Contract Act, 1872 not deal with?
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