Business Studies
THE CONTRACT ACT, 1872
CONTENTS SECTIONS PRELIMINARY 1. Short title Extent Commencement Enactments repealed 2. Interpretation-clause CHAPTER I OF THE COMMUNICATION, ACCEPTANCE AND REVOCATION OF PROPOSALS 3. Communication, acceptance and revocation of proposals 4. Communication when complete 5. Revocation of proposals and acceptances 6. Revocation how made 7. Acceptance must be absolute 8. Acceptance by performing, conditions, or receiving consideration 9. Promises, express and implied CHAPTER II OF CONTRACTS, VOIDABLE CONTRACTS AND VOID AGREEMENTS 10. What agreements are contracts 11. Who are competent to contract 12. What is a sound mind for the purposes of contracting 13. "Consent” defined 14. "Free consent" defined 15. "Coercion" defined 16. "Undue influence" defined 17. "Fraud" defined 18. "Misrepresentation" defined 19. Viodability of agreements without free consent 19A. Power to set aside contract induced by undue influence 20. Agreement void where both parties are under mistake as to matter of fact 21. Effect of mistakes as to law 22. Contract caused by mistake of one party as to matter of fact 23. What considerations and objects are lawful and what not
Void Agreements 24. Agreements void, if considerations and objects unlawful in part 25. Agreement without consideration void, unless it is in writing and registered, or is a promise to compensate for something done, or is a promise to pay a debt barred by limitation law 26. Agreement in restraint of marriage void 27. Agreement in restraint of trade void Saving of agreement not to carry on business of which good- will is sold 28. Agreements in restraint of legal proceedings void Saving of contract to refer to arbitration dispute that may arise Suits barred by such contracts Saving of contract to refer questions that have already arisen 29. Agreements void for uncertainty 30. Agreements by way of wager void Exceptions in favour of certain prizes for horse-racing. Section 294A of the Penal Code not affected
CONTENTS SECTIONS PRELIMINARY 1. Short title Extent Commencement Enactments repealed 2. Interpretation-clause CHAPTER I OF THE COMMUNICATION, ACCEPTANCE AND REVOCATION OF PROPOSALS 3. Communication, acceptance and revocation of proposals 4. Communication when complete 5. Revocation of proposals and acceptances 6. Revocation how made 7. Acceptance must be absolute 8. Acceptance by performing, conditions, or receiving consideration 9. Promises, express and implied CHAPTER II OF CONTRACTS, VOIDABLE CONTRACTS AND VOID AGREEMENTS 10. What agreements are contracts 11. Who are competent to contract 12. What is a sound mind for the purposes of contracting 13. "Consent” defined 14. "Free consent" defined 15. "Coercion" defined 16. "Undue influence" defined 17. "Fraud" defined 18. "Misrepresentation" defined 19. Viodability of agreements without free consent 19A. Power to set aside contract induced by undue influence 20. Agreement void where both parties are under mistake as to matter of fact 21. Effect of mistakes as to law 22. Contract caused by mistake of one party as to matter of fact 23. What considerations and objects are lawful and what not
Void Agreements 24. Agreements void, if considerations and objects unlawful in part 25. Agreement without consideration void, unless it is in writing and registered, or is a promise to compensate for something done, or is a promise to pay a debt barred by limitation law 26. Agreement in restraint of marriage void 27. Agreement in restraint of trade void Saving of agreement not to carry on business of which good- will is sold 28. Agreements in restraint of legal proceedings void Saving of contract to refer to arbitration dispute that may arise Suits barred by such contracts Saving of contract to refer questions that have already arisen 29. Agreements void for uncertainty 30. Agreements by way of wager void Exceptions in favour of certain prizes for horse-racing. Section 294A of the Penal Code not affected