Indian Contract Act

Play an AI-generated podcast conversation about this lesson

What does the Indian Contract Act, 1872 regulate?

The Indian Contract Act, 1872 regulates contracts in India and is the key act regulating Indian contract law.

Based on what principles is the Indian Contract Act, 1872 formulated?

The Indian Contract Act, 1872 is based on the principles of English Common Law.

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

The Indian Contract Act defines a contract under Section 2(h) as an agreement enforceable by law.

How many sections did the Indian Contract Act originally have?

<p>The Indian Contract Act originally had 266 sections.</p> Signup and view all the answers

Into how many parts can the Indian Contract Act be divided at present?

<p>The Indian Contract Act may be divided into two parts at present: Part 1 dealing with General Principles of Law of Contract, and Part 2 dealing with Special kinds of Contracts such as Contract of Indemnity and others.</p> Signup and view all the answers