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Based on English contract law and the British Indian contract law, it was enacted in the 19th century and re-enacted by the Parliament of Bangladesh after the country's independence. It includes chapters on offer and acceptance, voidable contracts, contingent contracts, performance, breach of contract, contractual relations, the sale of goods ...
Bangladeshi contract law is based on the Contract Act 1872 and the Sale of Goods Act 1930. According to the World Bank's 2016 ease of doing business index, Bangladesh ranks 189th in enforcing contracts. [9]
Section 11 of the Contract Act, 1872 provides that for a person to have contracting capacity, they had to be of the age of majority, of sound mind, and not otherwise disqualified from contracting by law. However, this does not provide whether a minor's contract is void or voidable at the minor's option. [1]
The rules were exported across the British Empire, as for example in the Indian Contract Act 1872. [39] Further requirements of fairness in exchanges between unequal parties, or general obligations of good faith and disclosure were unwarranted because was said that liabilities "are not to be forced upon people behind their backs". [40]
According to Section 27 of the Contract Act, 1872, any agreement that restrains a person from exercising a lawful profession, trade or business is void. [24] However, courts of Pakistan have made decisions in the past in favour of such restrictive clauses given that the restrictions are "reasonable". [ 25 ]
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Image credits: Kayla Seymour / Facebook Blindness can affect humans and animals alike. Some may be born blind, and others can develop it due to disease and simply old age, or may even be blinded ...