Understanding Indian Contract Act, 1872

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Questions and Answers

What is the main purpose of the Indian Contract Act, 1872?

  • To govern personal service contracts
  • To establish guidelines for criminal contracts
  • To define and amend certain parts of the law relating to contract (correct)
  • To regulate international trade contracts

Which part of the Indian Contract Act, 1872 deals with general principles of the law of contract?

  • Sections 200-300
  • Sections 124-238
  • Sections 1-75 (correct)
  • Sections 75-124

What does the preamble to the Indian Contract Act, 1872 state?

  • It is an Act 'to establish guidelines for specific types of contracts.'
  • It is an Act 'to regulate all types of contracts.'
  • It is an Act 'to define and amend certain parts of the law relating to contract.' (correct)
  • It is an Act 'to abolish the law relating to contract.'

What does the Indian Contract Act, 1872 govern?

<p>General principles and rules governing contracts (A)</p> Signup and view all the answers

When did the Indian Contract Act, 1872 come into force?

<p>September 01, 1872 (C)</p> Signup and view all the answers

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