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What does the Indian Contract Act, 1872 determine?
What does the Indian Contract Act, 1872 determine?
- The circumstances in which promises made by the parties to a contract are void
- The circumstances in which promises made by the parties to a contract are optional
- The circumstances in which promises made by the parties to a contract are illegal
- The circumstances in which promises made by the parties to a contract shall be legally binding (correct)
Under which section does the Indian Contract Act define a contract?
Under which section does the Indian Contract Act define a contract?
- Section 2(h) (correct)
- Section 4(c)
- Section 3(a)
- Section 5(b)
What is the Indian Contract Act, 1872 based on?
What is the Indian Contract Act, 1872 based on?
- Principles of English Common Law (correct)
- Principles of Civil Law
- Principles of Indian Common Law
- Principles of Sharia Law
Which part of the Indian Contract Act deals with Special kinds of Contracts?
Which part of the Indian Contract Act deals with Special kinds of Contracts?
What does Section 2(b) of the Indian Contract Act define?
What does Section 2(b) of the Indian Contract Act define?
What does the Indian Contract Act, 1872 determine?
What does the Indian Contract Act, 1872 determine?
Which part of the Indian Contract Act deals with Special kinds of Contracts?
Which part of the Indian Contract Act deals with Special kinds of Contracts?
Under which section does the Indian Contract Act define a contract?
Under which section does the Indian Contract Act define a contract?
What does Section 2(b) of the Indian Contract Act define?
What does Section 2(b) of the Indian Contract Act define?
What is the Indian Contract Act, 1872 based on?
What is the Indian Contract Act, 1872 based on?
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Study Notes
Indian Contract Act, 1872
- The Indian Contract Act, 1872 determines the rules and provisions relating to contracts in India.
Definition of Contract
- A contract is defined under Section 2(h) of the Indian Contract Act.
Basis of the Act
- The Indian Contract Act, 1872 is based on the English Contract Act.
Special Kinds of Contracts
- Particular kinds of contracts, such as indemnity, guarantee, bailment, and pledge, are dealt with in Part II of the Indian Contract Act.
Definition of Promisor andPromisee
- Section 2(b) of the Indian Contract Act defines a promisor as the person who makes the promise, and the promisee as the person to whom the promise is made.
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