indian contract act 1872

5 Rules of Contingent Contract under Indian Contract Act, 1872

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Contingent Contract

Contracts are of two types. The first one is an absolute contract and the other is a conditional contract (contingent contract). In an absolute contract where no condition is needed for making an agreement but under a contingent contract, there is a condition that has to be fulfilled. The agreement depends on the happening or … Read more

What is an Agreement and Contract under Indian Contract Act 1872

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What is an Agreement and Contract under Indian Contract Act 1872

The Indian Contract Act is one of the oldest laws in the country. It came into force on 1872 on 1st September. It provides rules and guidelines to help in the formation and regulation of the contract in an organized way. This contract Act provides rules to help disputes arising in the contract. 266 sections … Read more