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 Subsequently the provisions relating to the sale of goods and partnership contained in the Indian Contract Act were repealed respectively in the year 1930 and 1932 and new enactments namely Sale of Goods and Movables Act 1930 and Indian Partnership act 1932 were re-enacted.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 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)
“... work is only part of a man’s life; play, family, church, individual and group contacts, educational opportunities, the intelligent exercise of citizenship, all play a part in a well-rounded life. Workers are men and women with potentialities for mental and spiritual development as well as for physical health. We are paying the price today of having too long sidestepped all that this means to the mental, moral, and spiritual health of our nation.”
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“Ultimately, it is the receiving of the child and hearing what he or she has to say that develops the child’s mind and personhood.... Parents who enter into a dialogue with their children, who draw out and respect their opinions, are more likely to have children whose intellectual and ethical development proceeds rapidly and surely.”
—Mary Field Belenky (20th century)