Indian Contract Act 1872
Understand the Problem
The question is referring to the Indian Contract Act of 1872, which is a significant legislation in India that regulates the formation, performance, and enforcement of contracts. It outlines the legal framework governing agreements and contracts in India.
Answer
The Indian Contract Act, 1872 defines a contract as 'an agreement enforceable by law'.
The Indian Contract Act, 1872 defines a contract as 'an agreement enforceable by law'. It outlines the fundamental elements necessary for a valid contract and extends to the whole of India, except Jammu and Kashmir.
Answer for screen readers
The Indian Contract Act, 1872 defines a contract as 'an agreement enforceable by law'. It outlines the fundamental elements necessary for a valid contract and extends to the whole of India, except Jammu and Kashmir.
More Information
The Indian Contract Act, 1872 plays a key role in governing commercial transactions in India by laying down the principles which decide whether a particular promise is legally binding.
Sources
- Indian Contract Act, 1872 - Wikipedia - en.wikipedia.org
- Contract Act: What is a Contract? Concepts, Definitions & Examples - toppr.com
