The indian contract act, 1872 is not a complete code dealing with all branches of the law of contract" .
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The Indian Contract Act, 1872prescribes the law relating to contracts in India. The Act was passed by British India and is based on the principles of English Common Law. It is applicable to all the states of India except the state of Jammu and Kashmir. It determines the circumstances in which promises made by the parties to a contract shall be legally binding and the enforcement of these rights and duties. DEFINITION : Under Section 2(h), Indian Contract act defines Contract as an agreement which is enforceable by law.
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The Indian Contract Act, 1872prescribes the law relating to contracts in India. The Act was passed by British India and is based on the principles of English Common Law. It is applicable to all the states of India except the state of Jammu and Kashmir. It determines the circumstances in which promises made by the parties to a contract shall be legally binding and the enforcement of these rights and duties. DEFINITION : Under Section 2(h), Indian Contract act defines Contract as an agreement which is enforceable by law.
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