Law of contract act 1872 pdf

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Apr 24, 2019 - Section 2(h) of the Act defines the term contract as “an agreement enforceable by law”. The above discussion can be diagramatically represented as follows: Full text containing the act, Indian Contract Act, 1872, with all the sections, schedules, short title, enactment date, and footnotes.The Indian Contracts Act 1872; Essentials of a valid contract,. void agreements, performance of contract, breach and its remedies. quasi contracts. The Law Whereas it is expedient to define and amend certain parts of the law relating to contracts; It is enacted as follows:- THE CONTRACT ACT, 1872. Preamble. Whereas it is expedient to define and amend certain parts of the law relating to contracts; It is enacted as follows:-. theory of the law of Contract. The common law of mentine of ments in the. England, on which the Indian Contract Act is principally 1872. based, had its roots in The Indian Contract Act, 1872. (Act no. 9 of 1872). CONTENTS. Preamble (i) An agreement which is enforceable by law at the option of one or more of the. It defines a Contract as an Agreement enforceable by law. An agreement cannot turn into a contract unless it can be enforceable by law. So, in order to be enforceable, a contract must contain all the essential elements of a valid contract as defined in section 10 of the Indian contract act 1872. It defines a Contract as an Agreement enforceable by law. An agreement cannot turn into a contract unless it can be enforceable by law. So, in order to be enforceable, a contract must contain all the essential elements of a valid contract as defined in section 10 of the Indian contract act 1872. Besides, according to Section 185 of the Indian Contract Act, consideration is not There are contracts in which the law imposes a special duty to act with the