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Indian Contract Act, 1872 Complete Act

Title : Indian Contract Act, 1872

State : Central

Year : 1872

..... indian contract act, 1872 section1 - short title, extent and commencement ..... acceptance and revocation of proposals section4 - communication when complete section5 - revocation of proposals and acceptance section6 - revocation how made section7 - acceptance .....

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Indian Contract Act, 1872 Section 73

Title : Compensation for Loss or Damage Caused by Breach of Contract

State : Central

Year : 1872

..... to the difference between the contract price and the price for which ..... of the machine, and a, in consequence, loses a profitable contract with the government. ..... informs b that he will not accept the rice if tendered to him. ..... informs b that he will not accept it. .....

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Indian Contract Act, 1872 Section 12

Title : What is a Sound Mind for the Purposes of Contracting

State : Central

Year : 1872

..... making a contract if, at the time when he makes it, he is capable of understanding it and of forming ..... he cannot understand the terms of a contract or form a rational judgment as ..... effect on his interests, cannot contract whilst such delirium or drunkenness .....

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Indian Contract Act, 1872 Section 31

Title : Contingent Contract Defined

State : Central

Year : 1872

a "contingent contract" is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen. illustration a contracts to pay b rs.10,000 if b's house is burnt. this is a contingent contract.

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Indian Contract Act, 1872 Section 32

Title : Enforcement of Contracts Contingent on an Event Happening

State : Central

Year : 1872

..... the contract cannot be enforced by law unless and until c refuses to buy the horse. ..... this contract cannot be enforced by law unless and until c dies in a's lifetime. .....

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Indian Contract Act, 1872 Section 35

Title : When Contracts Become Void Which Are Contingent on Happening of Specified Event Within Fixed Time

State : Central

Year : 1872

..... the contract may be enforced if the ship returns within the year, and becomes ..... contingent contracts to do or not to do anything if a specified ..... when contracts may be enforced which are ..... contingent contracts to do or not to do anything if a specified .....

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Indian Contract Act, 1872 Section 39

Title : Effect of Refusal of Party to Perform Promise Wholly

State : Central

Year : 1872

..... his acquiescence in the continuance of the contract, and cannot now put an end to it, ..... promisee may put an end to the contract, unless he has signified, by words ..... illustration (a) a, a singer, enters into a contract with b, the manager of a theatre, to sing .....

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Indian Contract Act, 1872 Section 54

Title : Effect of Default as to That Promise Which Should Be First Performed, in Contract Consisting of Reciprocal Promises

State : Central

Year : 1872

..... and must make compensation to the other party to the contract ..... when a contract consists of reciprocal promises ..... merchandise, to be delivered next day, and b promises a to pay for them ..... claim the performance of b's promise, and must make compensation to b for .....

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Indian Contract Act, 1872 Section 62

Title : Effect of Novation, Rescission, and Alteration of Contract

State : Central

Year : 1872

..... it is agreed between a, b and c that b shall thenceforth accept c as his debtor, instead ..... c 1,000 rupees, and no new contract has been entered into. ..... to a contract agree to substitute a new contract for it, or to rescind or alter it, the original contract need .....

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Indian Contract Act, 1872 Section 65

Title : Obligation of Person Who Has Received Advantage Under Void Agreement, or Contract That Becomes Void

State : Central

Year : 1872

..... herself from the theatre, and b, in consequence, rescinds the contract. ..... any advantage under such agreement or contract is bound to restore it, or to make compensation ..... an agreement is discovered to be void, or when a contract becomes void, any person who .....

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