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Contract to do an act afterwards becoming impossible or unlawful.—A contract to do an act which, after the contract is made, becomes impossible, or, by reason of some event which the promisor could not prevent, unlawful, becomes void when the act becomes impossible or unlawful.1
Revocation how made. Section 7. Acceptance must be absolute. Section 8. Acceptance by performing conditions, or receiving consideration. Section 9. Promises, express and implied. Section 10. What agreements are contracts.
May 29, 2023 · Indian Contract Act 1872. The Indian Contract Act is divisible into two parts. The first part (Section 1-75) deals with the general principles of the law of contract and therefore applies to all contracts irrespective of their nature.
The Indian Contract Act, 1872 [1] prescribes the law relating to contracts in India and is the key act regulating Indian contract law. The Act is based on the principles of English Common Law. It is applicable to all the states of India.
Full text containing the act, Indian Contract Act, 1872, with all the sections, schedules, short title, enactment date, and footnotes.
Mar 8, 2019 · Introduction. Section 2 (h) of the Indian Contract Act, 1872, defines the term contract as ‘An agreement which is enforceable by law is a contract’. So we can say that a contract is an agreement between two or more parties to do or abstain from doing something.
The Indian Contract Act, 1872. (Act no. 9 of 1872) CONTENTS. PREAMBLE. [9 OF 1872] . Whereas it is expedient to define and amend certain parts of the law relating to contract; it is hereby enacted as follows :- 1. Short title . This Act may be called be the Indian Contract Act, 1872.
The Indian Contract Act, 1872 codifies the legal principles that govern such ‘contracts’. The Act basically identifies the ingredients of a legally enforceable valid contract in addition to dealing with certain special type of contractual relationships like indemnity, guarantee, bailment, pledge, quasi contracts, contingent contracts etc.
Section 1 in The Indian Contract Act, 1872. 1. Short title.—. This Act may be called the Indian Contract Act, 1872. Extent, Commencement.—. It extends to the whole of India except the State of Jammu and Kashmir; and it shall come into force on the first day of September, 1872.
Jul 4, 2024 · No. of Report Title of Report Year of Submission View Report 13 Contract Act, 1872 1958 Accessible_ (PDF 7.03MB) 97 Section 28, Indian Contract Act, 1872: prescriptive clauses in contracts 1984 Accessible_ (PDF 1.35MB) |Accessible_Hindi (PDF 2.12MB) 103 Unfair Terms in Contract 1984 Accessible_ (PDF 1.11MB) |Accessible_Hindi (PDF 1.14MB)
