Indian Agreement Act 1872

So there has to be an agreement and it should be enforceable by law. The words “payable” referred to in the first condition do not qualify the second condition relating to the provision as a penalty. The phrase “if the contract contains a provision other than the fine” expands the operation of the section, so that it applies to all provisions as a penalty, whether the provision is to pay a sum of money or of another nature, such as the end of money already paid. There is nothing in the expression that implies that the provision must be a provision to render something after the breach of the treaty. There is no reason to conclude that the term “contract contains a provision other than the penalty” is limited to provisions of the type of agreement for payment of money or supply of goods in case of breach, and does not include agreements under which the sums paid under the contract or the goods delivered under the contract, which, in accordance with the terms of the contract, may expire explicitly or unambiguously. “7. Contract 2 (h): A legally enforceable agreement is a contract. The Indian Contract Act, 1872[1] imposes the Contracts Act in India and is the most important law governing contract law in India. The law is based on the principles of English common law.

It applies to all states of India. It determines the circumstances in which the commitments of the parties are legally binding. In accordance with section 2(h), the Indian Contract Act defines a contract as a legally enforceable agreement. a g r e m e n t = p r o m i s e + c o n s i e r e o n. {displaystyle agreement=promise+consideration.} Section 73 of the 1872 Convention deals with compensation for loss or damage caused by the offence. The same is extracted below: – the contract against public order may be rejected by the Tribunal, even if this contract is beneficial to all the contracting parties – What considerations and objects are legitimate and what is not-Newar Marble Industries Pvt. Ltd. Vs. Rajasthan State Electricity Board, Jaipur, 1993 Cr.

L.J. . .

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