Indian Contract Act
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Questions and Answers

What does the Indian Contract Act, 1872 regulate?

  • Contracts in India (correct)
  • Labor laws in India
  • Business practices in India
  • Taxation policies in India
  • On what principles is the Indian Contract Act based?

  • Religious Law
  • Roman Law
  • English Common Law (correct)
  • Customary Law
  • What does Section 2(h) of the Indian Contract Act define a contract as?

  • An informal understanding
  • An agreement enforceable by Law (correct)
  • A written agreement
  • A verbal agreement
  • What is covered under Part 1 of the Indian Contract Act?

    <p>General Principles of Law of Contract</p> Signup and view all the answers

    Which contracts are covered under Part 2 of the Indian Contract Act?

    <p>Special kinds of Contracts such as Contract of Indemnity</p> Signup and view all the answers

    Study Notes

    Indian Contract Act, 1872

    • The Indian Contract Act, 1872 regulates contracts and agreements in India.

    Principles of the Indian Contract Act

    • The Indian Contract Act is based on the principles of freedom of contract, sanctity of contract, and justice, equity, and good conscience.

    Definition of a Contract

    • Section 2(h) of the Indian Contract Act defines a contract as an agreement enforceable by law.

    Part 1 of the Indian Contract Act

    • Part 1 of the Indian Contract Act covers the general principles of contracts, including the formation of contracts, performance of contracts, and discharge of contracts.

    Part 2 of the Indian Contract Act

    • Part 2 of the Indian Contract Act covers specific contracts, including sales, guarantees, bailments, and indemnity contracts.

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    Description

    Test your knowledge of the Indian Contract Act, 1872 with this quiz. Explore the key provisions, principles, and legal aspects of contracts in India. This quiz covers the applicability of the Act, the definition of a contract, and the legal implications of promises made by parties. Ideal for law students, professionals, and anyone interested in Indian contract law.

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