Promises bind the promisor`s representative in the event of the death of such promisors before performance, unless the contract indicates a contrary intention. CONTINUE READING Figure – A contracts to exempt B from the consequences of a procedure that C can take against B for a certain amount of 200 rupees. This is a compensation agreement. READ MORE 68. Demand for consumer goods made available to or on behalf of a person unable to contract. If a person who is unable to conclude a contract or a person to whom he is legally obliged to attend receives from another person necessities adapted to his state of life, the person who made those deliveries shall be entitled to reimbursement of the property of that incapacitated person. READ MORE 73. Compensation for loss or damage caused by breach of contract. In the event of a breach of contract, the party who is the victim of such a breach is entitled to compensation for any loss or damage suffered by him as a result, which of course arose in the ordinary course of such a breach or of which the parties were aware at the time of the conclusion of the contract, probably resulting from the breach thereof.
CONTINUE READING 37. Obligations of the Contracting Parties. The parties must fulfill or offer to keep their respective promises, unless such service is waived or excused under the provisions of this Act or any other Act. 124. “Indemnification Agreement”. A contract in which one party promises to protect the other against losses suffered by it by the contract of the proprotant himself or by the conduct of another person is called a “compensation contract”. 1. Short title.
This act can be called the Indian Contracts Act, 1872. Scope, Start – It covers the whole country except the state of Jammu and Kashmir; and it came into force on the first day of September 1872. Order Repealed: Except – Nothing in this document affects the provisionsKEEP READ Chapter VII (76-123) of the Indian Contracts Act – SALE OF GOODS 3. Communication of proposals, acceptance of proposals and revocation or revocation of proposals. the acceptance of proposals will be deemed to be by any act or omission of the party proposing, accepting or revoking, by any act or omission of the party proposing to accept KEEP READING To read a section on a contract law, use the search field. Just type “124 Contract” and so on. This was established by the Indian Partnership Act, 1932 (9 OF 1932), SEC. 73 and Sch. II] Repealed] Here is the link to the Partnerships Act, 1932. This chapter was repealed by section 65 of the Sale of Goods Act 1930 (3 of 1930). Here is the link to the Sale of Goods Act, 1930, section 65.
Statutory Instruments – [Repealed by the Repeal and Amendment Act, 1914 (10 of 1914) Section 3 and Sh. II]READ MORE. . . . .