5 Questions
What is the purpose of the Indian Contract Act, 1872?
The purpose of the Indian Contract Act, 1872 is to prescribe the law relating to contracts in India and to regulate Indian contract law.
On what principles is the Indian Contract Act based?
The Indian Contract Act is based on the principles of English Common Law.
How is a contract defined under Section 2(h) of the Indian Contract Act?
Under Section 2(h), the Indian Contract Act defines a contract as an agreement enforceable by Law.
What are the two parts into which the Indian Contract Act may be divided at present?
The Indian Contract Act may be divided into two parts: Part 1 deals with the General Principles of Law of Contract – Sections 1 to 75, and Part 2 deals with Special kinds of Contracts such as Contract of Indemnity.
What are the types of Special Contracts covered under the Indian Contract Act?
The types of Special Contracts covered under the Indian Contract Act are Indemnity, Guarantee, Bailment & Pledge, and Agency.
Test your knowledge of the Indian Contract Act, 1872 with this quiz. Explore the principles of Indian contract law, including the legal binding of promises and the key provisions of the act. See how well you understand the regulations that apply to contracts in India.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
