Podcast Beta
Questions and Answers
The Indian Contract Act, 1872 prescribes the law relating to contracts in India and is the key act regulating Indian contract law. The Act is based on the principles of ______.
English Common Law
Under Section 2(h), the Indian Contract Act defines a contract as an agreement enforceable by ______.
Law
The Act as enacted originally had 266 Sections, General Principles of Law of Contract – Sections 03to 75 Contract relating to Sale of Goods – Sections 76 to 123 Special Contracts- Indemnity, Guarantee, Bailment & Pledge, and Agency – Sections 124 to 238 Contracts relating to Partnership – Sections 239 to 266At present the Indian Contract Act may be divided into two parts: Part 1: ______ with the General Principles of Law of Contract – Sections 1 to 75 Part 2: Deals with Special kinds of Contracts such as Contract of Indemnity and.
CONTROLS
Part 1 of the Indian Contract Act deals with the ______ Principles of Law of Contract – Sections 1 to 75.
Signup and view all the answers
Part 2 of the Indian Contract Act deals with Special kinds of Contracts such as ______ of Indemnity and.
Signup and view all the answers
Which law regulates Indian contract law?
Signup and view all the answers
What does Section 2(h) of the Indian Contract Act define a contract as?
Signup and view all the answers
How many sections did the Indian Contract Act have originally?
Signup and view all the answers
Which part of the Indian Contract Act deals with the General Principles of Law of Contract?
Signup and view all the answers
What are some examples of special kinds of contracts dealt with in Part 2 of the Indian Contract Act?
Signup and view all the answers
Study Notes
The Indian Contract Act, 1872
- Regulates contract law in India and is based on English Common Law principles
- Applicable to all states in India, determining when promises made in contracts are legally binding
Definition of a Contract
- A contract is an agreement enforceable by law (Section 2(h))
Structure of the Act
- Originally had 266 Sections, divided into general principles of law of contract, contract relating to sale of goods, special contracts, and contracts relating to partnership
- Currently divided into two parts:
- Part 1: General Principles of Law of Contract (Sections 1-75)
- Part 2: Special kinds of Contracts, including indemnity, guarantee, bailment, pledge, and agency
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge of the Indian Contract Act, 1872 and its significance in Indian contract law. This quiz will cover key principles, provisions, and definitions outlined in the Act, helping you understand the legal framework of contracts in India.
