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Lecture 1
Lecture 1
CONTRACT
ACT, 1872
CONTRACT ACT
• Originally had 266 sections
• It included:
a) General Principles of Law of Contract
b) Contract relating to Sale of Goods (Ch –
VII)
c) Special Contracts- Indemnity, Guarantee,
Bailment & Pledge
d) Contracts relating to Partnership (Ch – XI)
Section 2(h)
An agreement
enforceable by law is a
contract
Section 2(e)
Every promise and every set
of promises, forming the
consideration for each
other, is an agreement
WAYS IN WHICH A
CONTRACT MAY ARISE
Contract Standard
and Promissory
Form
Agreement Estoppel
Contracts
Contract and Agreement
CONTRACT
Sec 2(h)
The Contract Act, 1872 was
enacted on:
A. 25 April, 1872
th
D. 25 October, 1872
th
Correct Answer
(A)
An agreement enforceable by
law is:
A. enforceable acceptance
B. accepted offer
C. approved promise
D. contract
Correct Answer
(D)