Indian contract law

From Wikipedia, the free encyclopedia
Jump to: navigation, search

Indian contract law regulates contract law in India. The main contract law in India is codified in the Indian Contract Act 1872 which came into effect on September 1, 1872 and is applicable in the whole country. It governs entering into contract, execution of contract, and the effects of breach of contract.

Definition[edit]

According to Section 2(h) of the Indian Contract Act, 1872 a contract is (i) An agreement (ii) Enforceable by law.

An agreement as per Section 2(e) means a promise.. or a set of promises in exchange for a promise or a set of promises.

See also[edit]