How many sections are there in contract Act 1872?
Section 56. Agreement to do impossible act. Section 57….Language.
Table of Contents
How many sections are there in contract Act 1872?
266 Sections
Development. The Act as enacted originally had 266 Sections, General Principles of Law of Contract – Sections 01 to 75.
What are the sections of the contract Act?
Section 56. Agreement to do impossible act. Section 57….Language.
| Act ID: | 187209 |
|---|---|
| Act Year: | 1872 |
| Short Title: | The Indian Contract Act, 1872 |
| Long Title: | To define and amend certain parts of the law relating to contracts. |
| Ministry: | Ministry of Law and Justice |
What is Section 37 of contract Act?
37. The parties to a contract must either perform, or offer to perform, their respective promises, unless such performance is dispensed with or excused under the provisions of this Act, or of any other law.
What is the section 18 of contract Act?
Section 18 of the Contracts Act 1950 defines misrepresentation. causing, however innocently, a party to an agreement to make a mistake as to the substance of the thing which is the subject of the agreement.
What is a contract Indian Contract Act, 1872?
The Indian Contract Act, 1872 defines the term “Contract” under its section 2 (h) as “An agreement enforceable by law”. In other words, we can say that a contract is anything that is an agreement and enforceable by the law of the land.
What is consent under the Indian Contract Act, 1872?
Definition of Free Consent In the Indian Contract Act, the definition of consent is given in Section 14, which states that “it is when two or more persons agree upon the same thing and in the same sense”.
What is Section 40 of Indian Contract Act?
(a) A promises to pay B a sum of money. A may perform this promise, either by personally paying the money to B or by causing it to be paid to B by another; and, if A dies before the time appointed for payment, his representatives must perform the promise, or employ some proper person to do so.
What is Section 39 of Indian Contract Act?
39. Effect of refusal of party to perform promise wholly. When a party to a contract has refused to perform, or disabled himself from performing, his promise in its entirety, the promisee may put an end to the contract,unless he has signified, by words or conduct, his acquiescence in its continuance.
What is misrepresentation in terms of contract Act 1872?
Misrepresentation is defined under Section 18 of the Indian Contract Act, 1872 which says, a misrepresentation is a form of a statement made preceding to the contract being completed. There are two varieties of statement that can be performed before a contract is formed, these will either: Form part of the contract.
What is Section 10 of Indian Contract Act?
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.
