Contents
1. Introduction- 2. Scope and Application of the Act
- 3. Definition
- 4. Essential Elements of a Valid Contract
- 5. Types of Contracts
- 6. Offer
- 7. Acceptance
- 8. Lawful Considerations
- 9. Competent to Contract
- 10. Free consent
- 11. Revocation of offer
- 12. Agency
- 13. Other issues of the Indian Contract Act,1872
- 14. Conclusion
- Bibliography
Description
Indian Contract Act 1872 is the main source of law regulating contracts in Indian law, as subsequently amended.
It determines the circumstances in which promise made by the parties to a contract shall be legally binding on them. All of us enter into a number of contracts everyday knowingly or unknowingly. Each contract creates some right and duties upon the contracting parties. Indian contract deals with the enforcement of these rights and duties upon the parties.
