Total Number of Sections in Indian Contract Act 1872

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  7. Contract 2(h): A legally enforceable agreement is a contract. 10. Cancellable Contract 2(i): A contract is a voidable contract if, at the option of one or more of the parties (i.e., the aggrieved party), it is enforceable by law and is not enforceable by law at the discretion of others or others. In law, the relationship that exists when one person or party (the principal) entrusts another (the agent) with acting for him, it.B to do his work, to sell his property, to manage his business. The right of representation therefore governs the legal relationship in which the entrepreneur acts with a third party on behalf of the client. The responsible representative is legally able to act on behalf of this client vis-à-vis the third party. Therefore, the process of concluding a contract by an agent involves a double relationship. On the one hand, agency law deals with the external business relationships of an economic entity and the powers of the various representatives to influence the legal status of the client. On the other hand, it also regulates the internal relationship between the client and the representative and thus imposes certain obligations on the representative (diligence, accounting, good faith, etc.). 11. Invalid Contract 2(j): A contract becomes void if it is no longer enforceable by law. The contract contrary to public policy may be rejected by the court, even if the contract is advantageous to all contracting parties – Which considerations and objects are legal and which are not – Newar Marble Industries Pvt.

  Ltd. Vs. Rajasthan State Electricity Board, Jaipur, 1993 Cr. L.J. 1191 to 1197, 1198 [Raj.] – Agreement on which the object or consideration was contrary to public policy, illegal and void – What could be better and what more can be an admission that the consideration or object of the compound interest agreement was that the board of directors had evaded the applicant company`s failure to proceed with the criminal prosecution of the offence referred to in section 39 of the Act and that the board of directors had sent crime to a source of profit or benefit to themselves. This consideration or purpose is manifestly contrary to public policy and, therefore, the compound interest agreement is illegal and void under section 23 of the Act. It is not enforceable against the Society of Petitioners. There are other laws in the country that exclude certain people from the contract. They are: – Indian Contract Act, 1872, is the primary law that prescribes and regulates the law with respect to contracts in India. Not only is it important for all legal examinations such as the judiciary, but its applications are also widely used in our daily lives.

  When preparing for a legal exam, it is always useful to have a list of important sections of the bare file. Here are all the important sections of the Contracts Act. Focus well on these and prepare for your legal exams and semester exams. 3. Fraud (Section 17): “Fraud” means and includes any act or obfuscation of material facts or false statements knowingly undertaken by or with his consent or by his representative with the intention of deceiving another party of his representative or inciting him to enter into the Contract. Mere silence is not fraud. a Contracting Party is not obliged to disclose everything and anything of the other Party. There are two exceptions where even simple silence can be fraud, one is where there is a duty to speak, and then silence is fraud. or if silence in itself is synonymous with speech, such silence is fraud.

  Section 11 of the Indian Contracts Act states that any person is capable of contracting, provided that: 2. Undue influence (section 16): “If a person who is in a position to control the will of another enters into a contract with him or her and the transaction appears unscrupulous at first glance or on the basis of the evidence, the burden of proof that such a contract has not been concluded by undue influence lies with the person who is able to: to control the will of the other. Contract enforcement is a major issue in India, as the legal system can be slow and contentious. [4] India ranks 163rd out of 191 countries surveyed by the World Bank on treaty ease. Articles 31 to 36 – CHAPTER III, Conditional contracts. § 62 – Effect of modification, termination and modification of the contract. Articles 68 to 75 – CHAPTER V, Certain Relationships Similar to Those Established by Contract. Article 13 – “Consent”.

  Article 14 – “Free consent”. Article 15 – “Coercion”. Article 16 – “Undue influence”. Article 17 – Definition of “fraud”. Article 18 – Definition of “misrepresentation”. .

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