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Saving of contract to refer to arbitration dispute that may arise. Saving of contract to refer questions that have already arisen. Saving of a guarantee agreement of a bank or a financial institution.
The Indian Contract Act, 1872. भारतीय संविदा अधिनियम, 1872
Indian Contract Act, 1872 [Act No. 9 of Year 1872, dated 25th. April, 1872] PRELIMINARY 1. Short title This Act may be called be the Indian Contract Act, 1872. Extent, commencement - It extends to the whole of except the State of Jammu and Kashmir; and it shall come into force on the first day of September, 1872.
Full text containing the act, Indian Contract Act, 1872, with all the sections, schedules, short title, enactment date, and footnotes.
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.
What agreements are contracts.-All agreements are contracts if they are made by the free consent of parties competent to contract, for a lawful consideration and with a lawful object, and are not hereby expressly declared to be void.
1. This Act may be called the Indian Contract Act, 1872. Extent and 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except the State of Jammu and Kashmir; and it shall come into force on the first day of September, 1872.Enactments repealed—Nothing herein contained shall affect the provisions of any Statute, Act or Regulation not hereby ...
