Indian Contract Act, 1872
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The Indian Contract Act, 1872[1] prescribes the law relating to contracts in India and is the key act regulating Indian contract law. The Act is based on the principles of English Common Law. It is applicable to all the states of India. It determines the circumstances in which promises made by the parties to a contract shall be legally binding. Under Section 2(h), the Indian Contract Act defines a contract as an agreement enforceable by Law.
Quick Facts Imperial Legislative Council, Citation ...
Indian Contract Act, 1872 | |
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Imperial Legislative Council | |
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Citation | Act No. 9 of 1872 |
Enacted by | Imperial Legislative Council |
Enacted | 25 April 1872 |
Commenced | 1 September 1872 |
Status: In force |
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