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Questions and Answers
What does the Indian Contract Act, 1872 regulate?
What does the Indian Contract Act, 1872 regulate?
- Contracts in India based on Indian Common Law
- Contracts in India based on Roman Law
- Contracts in India based on English Common Law (correct)
- Contracts in India based on Islamic Law
Under which section does the Indian Contract Act define a contract?
Under which section does the Indian Contract Act define a contract?
- Section 3(c)
- Section 4(d)
- Section 1(a)
- Section 2(h) (correct)
How many sections did the Indian Contract Act originally have?
How many sections did the Indian Contract Act originally have?
- 200 Sections
- 300 Sections
- 266 Sections (correct)
- 150 Sections
Which part of the Indian Contract Act deals with the General Principles of Law of Contract?
Which part of the Indian Contract Act deals with the General Principles of Law of Contract?
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Which kinds of contracts does Part 2 of the Indian Contract Act deal with?
Which kinds of contracts does Part 2 of the Indian Contract Act deal with?
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Study Notes
The Indian Contract Act, 1872
- Regulates contracts and contractual obligations in India
Definition of a Contract
- Defined under Section 2 of the Indian Contract Act
Original Structure of the Act
- Originally consisted of 266 sections
General Principles of Law of Contract
- Covered under Part 1 of the Indian Contract Act
Specific Types of Contracts
- Part 2 of the Indian Contract Act deals with contracts of indemnity and guarantee, bailment, pledge, and agency
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