Indian Contract Act

Which law prescribes the regulation of Indian contract law?

The Indian Contract Regulation and Enforcement Act, 1875

The Indian Contract Act, 1872 (correct)

The Indian Contract Law Regulation Act, 1865

The Indian Contract Code, 1880

On what principles is the Indian Contract Act based?

Islamic Law

Roman Law

Customary Law

English Common Law (correct)

Under which section does the Indian Contract Act define a contract?

Section 4(a)

Section 5(b)

Section 3(c)

Section 2(h) (correct)

Which part of the Indian Contract Act deals with General Principles of Law of Contract?

Part 1: Sections 1 to 75 Signup and view all the answers

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

Special kinds of Contracts such as Contract of Indemnity Signup and view all the answers

What is the primary purpose of a contract?

To specify legally enforceable rights and obligations Signup and view all the answers

In the event of a breach of contract, what remedies may the injured party seek?

Damages or rescission Signup and view all the answers

What is a binding agreement between actors in international law known as?

Treaty Signup and view all the answers

Which principle is contract law based on?

Agreements must be honored Signup and view all the answers

In general, under what legal jurisdictions is contract law exercised and governed?

Common law, civil law, or mixed-law jurisdictions Signup and view all the answers

What is the primary focus of contract law?

Enforcement of legally binding agreements Signup and view all the answers

In the event of a breach of contract, what judicial remedies may the injured party seek?

Damages or rescission Signup and view all the answers

What is a binding agreement between actors in international law known as?

Treaty Signup and view all the answers

On what principle is contract law based?

Agreements must be honored Signup and view all the answers

In which areas of law does contract law vary between jurisdictions?

Common law, civil law, and mixed-law jurisdictions Signup and view all the answers

Indian Contract Act

Questions and Answers

Which law prescribes the regulation of Indian contract law?

On what principles is the Indian Contract Act based?

Under which section does the Indian Contract Act define a contract?

Which part of the Indian Contract Act deals with General Principles of Law of Contract?

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

What is the primary purpose of a contract?

In the event of a breach of contract, what remedies may the injured party seek?

What is a binding agreement between actors in international law known as?

Which principle is contract law based on?

In general, under what legal jurisdictions is contract law exercised and governed?

What is the primary focus of contract law?

In the event of a breach of contract, what judicial remedies may the injured party seek?

What is a binding agreement between actors in international law known as?

On what principle is contract law based?

In which areas of law does contract law vary between jurisdictions?

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