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The Indian Contract Act, 1872 [1] prescribes the law relating to contracts in India and is the key regulating Indian contract law. Then the principles of English Common Law. It is applicable to all the states of India. It determines the circumstances in which promises made by the parties to a contract shall be legally binding.
The main contract law in India is codified in the Indian Contract Act, which came into effect on 1 September 1872 and extends to all India. 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 ...
Under South African law, a contract to do specified work for an agreed price may from its very beginning be so altered by the owner, and carried out as such by the contractor, that it may be said that for the original contract there was tacitly substituted a new agreement, in terms of which the contractor is entitled to reasonable remuneration ...
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This is a chronological and complete list of acts passed before 1861, by the Imperial Legislative Council between 1861 and 1947, the Constituent Assembly of India between 1947 and 1949, the Provisional Parliament between 1949 and 1952, and the Parliament of India since 1952. Apart from Finance Act, there are 890 Acts which are still in force as ...
The Securities Contracts (Regulation) Act, 1956 also known as SCRA is an Act of the Parliament of India enacted to prevent undesirable exchanges in securities and to control the working of stock exchange in India. It came into force on 20 February 1957.
According to Section 43 of the Transfer of Property Act 1882, in case a person either fraudulently or erroneously represents that he is authorized to transfer certain immovable property and does some acts to transfer such property for consideration, then such a transfer will continue to operate in future. It will operate on any interest which ...
A concept of English law that has been adopted in India, a misrepresentation is an untrue or misleading [1] statement of fact made during negotiations by one party to another, which then induces that other party into the contract. The misled party may normally rescind the contract, and sometimes may be awarded damages as well (or instead of ...