THE INDIAN CONTRACT ACT, 1872 - AN ANNOTATION
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https://doi.org/10.55662/Keywords:
Agreement, Contract, Exchange, Obligation, PromiseAbstract
The Indian Contract Act brings inside its ambit the contractual rights that have been conceded to the Indian citizens. It invests rights, obligations and commitments on the contracting parties to push them to effectively finish up business from regular daily exchanges to confirming to the organizations of global companies. The Indian Contract Act, 1872 was enacted on 25th April, 1872 [Act 9 of 1872] and came into force on 1st September 1872. The quintessence of the India Contract Act has been based on that of the English Common Law.
The present article attempts to discuss and evaluate the pertinent sections of the Indian Contract Act, 1872 vis-a-vis judicial pronouncements to provide an in-depth analysis on the functioning and working of the Indian Contract Act, 1872.
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