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The Contract Act 1872 codifies general contract law. Key sections: Section 10 (essentials of valid contract — offer, acceptance, lawful consideration, capacity, free consent, lawful object); Sections 13-22 (free consent — fraud, misrepresentation, undue influence, coercion, mistake); Sections 23-24 (lawful object); Sections 73-75 (damages for breach); Section 73 follows the Hadley v. Baxendale rule — damages limited to losses naturally arising or in contemplation. Specific Relief Act 1963 governs specific performance and injunctions for contract enforcement.
Statutory reference
Indian Contract Act 1872
Related practice areas
Foundational contract statute. Defines agreement, contract, consideration, capacity, free consent, and lawful object. Sections 73-75 govern remedies for breach.
Indian Contract Act 1872 is governed by Indian Contract Act 1872. The Contract Act 1872 codifies general contract law. Key sections: Section 10 (essentials of valid contract — offer, acceptance, lawful consideration, capacity, free consent, lawful object); Sections 13-22 (free consent — fraud, misrepresentation, undue influence, coercion, mistake); Sections 23-24 (lawful object); Sections 73-75 (damages for breach); Section 73 follows the Hadley v. Baxendale rule — damages limited to losses naturally arising or in contemplation. Specific Relief Act 1963 governs specific performance and injunctions for contract enforcement.
Indian Contract Act 1872 falls under Civil Law, Corporate & Business. NyaySevak matches you with a Bar-Council-verified advocate in the relevant practice area — the first consultation is free.
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