SECTIIONS | Indian Contract Act, 1872 |
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| Preamble |
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| PRELIMINARY |
1. | Short title |
2. | Interpretation-clause |
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| CHAPTER I : OF COMMUNICATION, ACCEPTANCE AND REVOCATION OF PROPOSALS |
3. | Communication, acceptance and revocation of proposals |
4. | Communication when complete |
5. | Revocation of proposals and acceptances |
6. | Revocation how made |
7. | Acceptance must be absolute |
8. | Acceptance by performing conditions, or receiving consideration |
9. | Promises express and implied |
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| CHAPTER II : OF CONTRACTS, VOIDABLE CONTRACTS, AND VOID AGREEMENTS |
10. | What agreements are contracts |
11. | Who are competent to contract |
12. | What is a sound mind for the purposes of contracting |
13. | "Consent" defined |
14. | "Free consent" defined |
15. | "Coercion" defined |
16. | "Undue influence" defined |
17. | "Fraud" defined |
18. | "Misrepresentation" defined |
19. | Voidability of agreements without free consent |
19-A. | Power to set aside contract induced by undue influence |
20. | Agreement void where both parties are under mistake as to matter of fact |
21. | Effect of mistakes as to law |
22. | Contract caused by mistake of one party as to matter of fact |
23. | What considerations and objects are lawful and what not |
24. | Agreement void, if considerations and objects unlawful in part |
25. | Agreement without consideration, void, uncles it is in writing and registered, or is a promise to compensate for something done, or is a promise to pay a debt barred by limitation law |
26. | Agreement in restraint of marriage void |
27. | Agreement in restraint of trade void |
28. | Agreements in restraint of legal proceedings void |
29. | Agreements void for uncertainty |
30. | Agreements by way of wager void |
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| CHAPTER III : OF CONTINGENT CONTRACTS |
31. | "Contingent contract" defined |
32. | Enforcement of contracts contingent on an event happening |
33. | Enforcement of contracts contingent on an event not happening |
34. | When event on which contract is contingent to be deemed impossible, if it is the future conduct of a living person |
35. | When contracts become void which are contingent on happening of specified event within fixed time |
36. | Agreement contingent on impossible events void |
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| CHAPTER IV : OF THE PERFORMANCE OF CONTRACTS |
37. | Obligation of parties to contracts |
38. | Effect of refusal to accept offer of performance |
39. | Effect of refusal of party to perform promise wholly |
| By whom the work must be done |
40. | Person by whom promise is to be performed |
41. | Effect of accepting performance from third person |
42. | Devolution of joint liabilities |
43. | Any one of joint promisors may be compelled to perform |
44. | Effect of release of one joint promisor |
45. | Devolution of joint rights |
| Time and place for performance |
46. | Time for performance of promise, when no application is to be made and no time is specified |
47. | Time and place for performance of promise, where time is specified and no application to be made |
48. | Application for performance on certain day to be at proper time and place |
49. | Place for performance of promise, where no application to be made and no place fixed for performance |
50. | Performance in manner or at time prescribed or sanctioned by promisee |
| Performance of reciprocal promises |
51. | Promisor not bound to perform, unless reciprocal promisee ready and willing to perform |
52. | Order of performance of reciprocal promises |
53. | Liability of party preventing event on which the contract is to take effect |
54. | Effect of default as to that promise which should be first performed, in contract consisting of reciprocal promises |
55. | Effect of failure to perform at fixed time, in contract in which time is essential |
56. | Agreement to do impossible act. An agreement to do an act impossible in itself is void. Contract to do act afterwards becoming impossible or unlawful |
57. | Reciprocal promise to do things legal and also other things illegal |
58. | Alternative promise, one branch being illegal |
| Appropriation of payments |
59. | Application of payment where debt to be discharged is indicated |
60. | Application of payment where debt to be discharged is not indicated |
61. | Application of payment where neither party appropriates |
| Contracts which need not be performed |
62. | Effect of novation, rescission, and alteration of contract |
63. | Promisee may dispense with or remit performance of promise |
64. | Consequences of rescission of voidable contract |
65. | Obligation of person who has received advantage under void agreement, or contract that becomes void |
66. | Mode of communicating or revoking rescission of voidable contract |
67. | Effect of neglect of promisee to afford promisor reasonable facilities for performance |
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| CHAPTER V : OF CERTAIN RELATIONS RESEMBLING THOSE CREATED BY CONTRACT |
68. | Claim for necessaries supplied to person incapable of contracting, or on his account |
69. | Reimbursement of person paying money due by another, in payment of which he is interested |
70. | Obligation of person enjoying benefit of non-gratuitous act |
71. | Responsibility of finder of goods |
72. | Liability of person to whom money is paid or thing delivered by mistake or under coercion |
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| CHAPTER VI : OF THE CONSEQUENCES OF BREACH OF CONTRACT |
73. | Compensation for loss or damage caused by breach of contract |
74. | Compensation for breach of contract where penalty stipulated for |
75. | Party rightfully rescinding contract entitled to compensation |
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| CHAPTER VII : SALE OF GOODS |
76-123. | Repealed |
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| Chapter VIII: Of indemnity and guarantee |
124. | "Contract of indemnity" defined |
125. | Rights of indemnity-holder when sued |
126. | "Contract of guarantee", "surety", principal debtor" and "Creditor" |
127. | Consideration for guarantee |
128. | Surety's liability |
129. | "Continuing guarantee" |
130. | Revocation of continuing guarantee |
131. | Revocation of continuing guarantee by surety's death |
132. | Liability of two persons, primarily liable, not affected by arrangement between them that one shall be surety in other's default |
133. | Discharge of surety by variance in terms of contract |
134. | Discharge of surety by release of discharge of principal debtor |
135. | Discharge of surety shen cerditor compounds with, gives time to, or agrees not to sue principal debtor |
136. | Surety not discharged when agreement made with third person to give time to principal debtor |
137. | Creditor's forbearance to sue does not discharge surety |
138. | Release of one co-surety does not discharge others |
139. | Discharge of surety by creditor's act or omission impairing surety's eventual remedy |
140. | Rights of surety on payment or performance |
141. | Surety's right to benefit of creditor's securities |
142. | Guarantee obtaiend by misrepresentation, invalid |
143. | Guarantee obtained by concealment, invalid |
144. | Guarantee on contract that creditor shall not act on it until co-sureties joins |
145. | Implied promise to indemnify surety |
146. | Co-sureties liable to contribute equally |
147. | Liability of co-sureties bound in different sums |