Development
The Act as enacted originally had 266 Sections, it had wide scope and included.
-
-
- General Principles of Law of Contract::::::::: 1 to 75
- Contract relating to Sale of Goods::::::::::::76 to 129
- Special kinds of Contracts
- includes indemnity,
- guarantee, bailment & pledge:::::::::::::::::125 to 238
- Contracts relating to Partnership::::::::::::239 to 266
-
Indian Contract Act embodied the simple and elementary rules relating to Sale of goods and partnership. The developments of modern business world found the provisions contained in the Indian Contract Act inadequate to deal with the new regulations or give effect to the new principles. Subsequently the provisions relating to the sale of goods and partnership contained in the Indian Contract Act were repealed respectively in the year 1930 and 1932 and new enactments namely Sale of Goods and Movables Act 1930 and Indian Partnership act 1932 were re-enacted.
At present the Indian Contract Act includes:
-
-
- General Principles of Law of Contract:::::: 1 to 75
- Special kinds of Contracts
- (includes indemnity, guarantee,
- bailment & pledge::::::::::::::::::::::::::125 to 238
-
Read more about this topic: Indian Contract Act 1872
Famous quotes containing the word development:
“Men are only as good as their technical development allows them to be.”
—George Orwell (1903–1950)
“Every new development for the last three centuries has brought men closer to a state of affairs in which absolutely nothing would be recognized in the whole world as possessing a claim to obedience except the authority of the State. The majority of people in Europe obey nothing else.”
—Simone Weil (1909–1943)
“Understanding child development takes the emphasis away from the child’s character—looking at the child as good or bad. The emphasis is put on behavior as communication. Discipline is thus seen as problem-solving. The child is helped to learn a more acceptable manner of communication.”
—Ellen Galinsky (20th century)