17 Sep Prof. (Dr.) Tabrez Ahmad., Professor and Director, University of Petroleum and Energy Studies (College of Legal Studies). Follow. Published. Complete Indian Contract Act (ICA) presented in a user friendly design with excellent user experience. Divided clearly into Chapters and Sections and unedited. A fully functional, uptodate and FREE application featuring the Indian Contract Act, with latest amendments. No need to refer Bare Act if you have this.
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Agreement in restraint of marriage, void. Surety not discharged when agreement made with third person to give time to principal debtor. Voidable contract 2 i: According to Section 2 b”When the person to whom the proposal is made, signifies his assent thereto, the proposal is said to be accepted. Liability of bailee making unauthorized use of goods bailed. Non-liability of employer of agent to do a criminal act. Pawnee’s right as to extraordinary expenses incurred.
Acceptance by performing conditions, or receiving consideration. Effect the indian contract act 1872 bare act mixture, without bailor’s consent, when the goods cannot be separated.
Obligation of person who has received advantage under void agreement, or contract that becomes void. Who may be an agent.
Indian Contract Act, 1872
If he does, he is liable to compensate the agent for thhe loss caused to him thereby. Promises, express and implied. On the other hand, it rules the internal relationship between principal and agent as well, thereby imposing certain duties on the representative diligence, accounting, good faith, etc.
Right of parties to a contract made by agent not disclosed.
Contract caused by mistake of one party as to matter of fact. Liability of person to whom money is paid, or thing delivered, by mistake or under coercion. Effect of novation, rescission, and alteration of contract.
General lien of bankers, factors, wharfingers, attorneys nare policy brokers. Suit by bailor or bailee against wrong-doer.
Indian Contract Act, – Wikipedia
Right of person dealing with agent personally liable. Effect of mistakes as to law. Devolution of joint rights. Effect of release of one joint promisor. It has been suggested that Indian contract law be merged into the indian contract act 1872 bare act article.
Performance of Contracts which must be Performed. Subsequently, the provisions relating to the Sale of Goods and Partnership contained in the Indian Contract Act were repealed respectively in the year and and new enactments namely Sale of Goods and Movables Act and Indian Partnership act were re-enacted.
Compensation for breach of contract where penalty stipulated for. Agent’s duty in conducting principal’s business. Discharge of surety by release or discharge of principal debtor.
Views Read Edit View history. Undue influence Section Communication, Acceptance and Revocation of Proposals. Unlawful Activities Prevention Act.
Bailee’s responsibility when goods are not duly returned. Liability of co-sureties bound in different sums. There are two exceptions where even mere silence may be fraud, one is where there is a duty to speak, then keeping silence is fraud.
Performance, in manner or at time prescribed or sanctioned by promisee. Who are competent to contract. The developments of modern business world found the provisions contained in the Ghe Contract Act inadequate to deal with the new regulations or give effect to the new principles.
Indian Contract Act, | Bare Acts | Law Library | AdvocateKhoj
It determines the circumstances in which promises made by the parties to a contrzct shall be legally binding and the enforcement of these rights and duties. Notice of revocation or renunciation.
Reciprocal promise to do things legal, and also other things illegal.