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 Subsequently the provisions relating to the sale of goods and partnership contained in the Indian Contract Act were repealed respectively in the year 1930 and 1932 and new enactments namely Sale of Goods and Movables Act 1930 and Indian Partnership act 1932 were re-enacted.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 American has dwindled into an Odd Fellow—one who may be known by the development of his organ of gregariousness.”
—Henry David Thoreau (1817–1862)
“The work of adult life is not easy. As in childhood, each step presents not only new tasks of development but requires a letting go of the techniques that worked before. With each passage some magic must be given up, some cherished illusion of safety and comfortably familiar sense of self must be cast off, to allow for the greater expansion of our distinctiveness.”
—Gail Sheehy (20th century)
“This was the Eastham famous of late years for its camp- meetings, held in a grove near by, to which thousands flock from all parts of the Bay. We conjectured that the reason for the perhaps unusual, if not unhealthful development of the religious sentiment here, was the fact that a large portion of the population are women whose husbands and sons are either abroad on the sea, or else drowned, and there is nobody but they and the ministers left behind.”
—Henry David Thoreau (1817–1862)