Development
The Act as enacted originally had 266 Sections, it had wide scope and included.
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- 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
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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 Subsequently the provisions relating to the sale of goods and partnership contained in the Indian Contract Act were repealed respectively in the year 1930 and 1932 and new enactments namely Sale of Goods and Movables Act 1930 and Indian Partnership act 1932 were re-enacted.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:
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- General Principles of Law of Contract:::::: 1 to 75
- Special kinds of Contracts
- (includes indemnity, guarantee,
- bailment & pledge::::::::::::::::::::::::::125 to 238
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Read more about this topic: Indian Contract Act 1872
Famous quotes containing the word development:
“The man, or the boy, in his development is psychologically deterred from incorporating serving characteristics by an easily observable fact: there are already people around who are clearly meant to serve and they are girls and women. To perform the activities these people are doing is to risk being, and being thought of, and thinking of oneself, as a woman. This has been made a terrifying prospect and has been made to constitute a major threat to masculine identity.”
—Jean Baker Miller (20th century)
“The experience of a sense of guilt for wrong-doing is necessary for the development of self-control. The guilt feelings will later serve as a warning signal which the child can produce himself when an impulse to repeat the naughty act comes over him. When the child can produce his on warning signals, independent of the actual presence of the adult, he is on the way to developing a conscience.”
—Selma H. Fraiberg (20th century)
“The highest form of development is to govern one’s self.”
—Zerelda G. Wallace (1817–1901)