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 (B)</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 (A)</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.