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The law relating to contracts in India is contained in INDIAN CONTRACT ACT, 1872. The Act was passed by British India and is based on the principles of English Common Law. It is applicable to all the states of India except the state of Jammu and Kashmir. It determines the circumstances in which promises made by the parties to a contract shall be legally binding on them. All of us enter into a number of contracts everyday knowingly or unknowingly. Each contract creates some rights and duties on the contracting parties. Hence this legislation, Indian Contract Act of 1872, being of skeletal nature, deals with the enforcement of these rights and duties on the parties in India. == Development == The Act as enacted originally had 266 Sections, it had wide scope and included. :: * General Principles of Law of Contract- Sections 01 to 75 :: * Contract relating to Sale of Goods- Sections 76 to 123 :: * Special Contracts- Indemnity, Guarantee, Bailment & Pledge- Sections 124 to 238 :: * Contracts relating to Partnership- Sections 239 to 266 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 Subsequently the provisions relating to the Sale of Goods and Partnership contained in the Indian Contract Act were repealed respectively in the year 1930 and 1932 and new enactments namely (Sale of Goods and Movables Act 1930 ) and (Indian Partnership act 1932 ) were re-enacted.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 may be divided into two parts :: * Part 1:deals with the General Principles of Law of Contract Sections 1 to 75 :: * Part 2:deals with Special kinds of Contracts such as (1)Contract of Indemnity and Guarantee (2)Contract of Bailment and Pledge (3)Contract of Agency 2. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Indian Contract Act, 1872」の詳細全文を読む スポンサード リンク
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