Indian Contract Act
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Questions and Answers

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?

    <p>Part 1: Sections 1 to 75</p> Signup and view all the answers

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

    <p>Special kinds of Contracts such as Contract of Indemnity</p> Signup and view all the answers

    What is the primary purpose of a contract?

    <p>To specify legally enforceable rights and obligations</p> Signup and view all the answers

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

    <p>Damages or rescission</p> Signup and view all the answers

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

    <p>Treaty</p> Signup and view all the answers

    Which principle is contract law based on?

    <p>Agreements must be honored</p> Signup and view all the answers

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

    <p>Common law, civil law, or mixed-law jurisdictions</p> Signup and view all the answers

    What is the primary focus of contract law?

    <p>Enforcement of legally binding agreements</p> Signup and view all the answers

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

    <p>Damages or rescission</p> Signup and view all the answers

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

    <p>Treaty</p> Signup and view all the answers

    On what principle is contract law based?

    <p>Agreements must be honored</p> Signup and view all the answers

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

    <p>Common law, civil law, and mixed-law jurisdictions</p> Signup and view all the answers

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