THE INDIAN

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

All contracts are agreements.

All agreements are not

contracts.
 Enforceability
Agreement by law/ Legal
obligation

CONTRACT
Sec 2(h)
The Contract Act, 1872 was
enacted on:

A. 25 April, 1872
th

B. 25th June, 1872

C. 25 September, 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)