Ppt Law Of Contract The Contract Act 1872 Powerpoint Presentation Follow. the indian contract act 1872 establishes the framework for contracts in india. it aims to ensure that rights and obligations from contracts are upheld and legal remedies are available for breaches. the act applies across india except jammu and kashmir. it covers the basic principles of contracts, indemnity, guarantee, bailment, and agency. The law of contract is governed by the contract act 1872. • according to sec 2 (h) of the act 1872 • ‘an agreement enforceable by law is a contract’. it signifies that in a contract there must be an agreement and it must be enforceable by law. definition • according tosalmond ‘ a contract is an agreement creating and defining.
Ppt Law Of Contract The Contract Act 1872 Powerpoint Presentation The indian contract act, 1872 with case laws.pptx. 1 objective 2 interpretation clause ( sec.2) 3 communication, acceptance and revocation of proposal (sec.3 – sec. 9) 4 voidable contracts and void agreements (sec. 10 sec. 30) 5 contingent contracts (sec. 31 sec.36) 6 performance of contracts (sec. 37 sec. 67) 7 certain relations. 2. indian contract act, 1872 • enacted by: parliament of india • date enacted: 25 april 1872 • date commenced: 1 september 1872 • total sections: 238 • extent: all states of india except the state of jammu & kashmir • the indian contract act consists of the following two parts: part 1: deals with the general principles of law of contract sections 1 to 75 part 2: deals with special. The indian contract act (ica), 1872. what is a contract? contract section 2 (h) “an agreement enforceable by law is a contract”. agreement section 2 (e) “every promise and every set of promises forming consideration for each other”. promise – section 2 (b): “when the person to whom the proposal is made, signifies his assent thereto. An agreement enforceable by the law is a contract (section 2(h)).to be enforceable it has to satisfy the requirements under section 10 of the indian contract, 1872. there is some consideration for it. the parties are competent to contract. their consent is free.
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