Contract Law
The main contract law in India is codified in the Indian Contract Act, which came into effect on September 1, 1872 and extends to all India except the state of Jammu and Kashmir. It governs entrance into contract, and effects of breach of contract. Indian Contract law is popularly known as mercantile law of India. Originally Indian Sales of Goods Act and Partnership Act were part of Indian Contract act, but due to needed amendment these acts were separated from Contract Act. Contract act is the main and most used act of legal agreements in India. The Indian constitution should be changed from British effect.
Read more about this topic: Law Of India
Famous quotes containing the words contract and/or law:
“Any intelligent woman who reads the marriage contract and then goes into it, deserves all the consequences.”
—Isadora Duncan (1878–1927)
“Actual aristocracy cannot be abolished by any law: all the law can do is decree how it is to be imparted and who is to acquire it.”
—G.C. (Georg Christoph)