{"id":4617,"date":"2011-08-10T10:38:16","date_gmt":"2011-08-10T10:38:16","guid":{"rendered":"http:\/\/TheIndianContractAct,1872\u00a0CONTENTSSectionsParticulars\u00a0\u00a0\u00a0"},"modified":"2013-02-12T01:21:43","modified_gmt":"2013-02-12T01:21:43","slug":"contractact","status":"publish","type":"post","link":"https:\/\/mynation.net\/laws\/bare-acts\/contractact\/contractact.htm","title":{"rendered":"The Indian Contract Act, 1872"},"content":{"rendered":"

The Indian Contract Act, 1872<\/strong><\/p>\n

\u00a0<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/p>\n

CONTENTS <\/p>\n

<\/b> <\/td>\n<\/tr>\n

<\/p>\n

Sections <\/p>\n

<\/b> <\/td>\n

 <\/p>\n

Particulars <\/p>\n

<\/b> <\/td>\n<\/tr>\n

\u00a0\u00a0<\/td>\n \u00a0<\/td>\n<\/tr>\n
<\/b>\u00a0<\/td>\nPreliminary<\/b><\/td>\n<\/tr>\n
1 <\/td>\nShort title <\/a><\/td>\n<\/tr>\n
2 <\/td>\nInterpretation clause <\/a><\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
<\/p>\n

Chapter I <\/p>\n

<\/b> <\/td>\n

Of the communication, acceptance and revocation of proposals <\/b><\/td>\n<\/tr>\n
\n

3 <\/p>\n<\/td>\n

Communication, acceptance and revocation of proposals <\/a><\/td>\n<\/tr>\n
\n

4 <\/p>\n<\/td>\n

Communication when complete <\/a><\/td>\n<\/tr>\n
5 <\/td>\nRevocation of proposals and acceptances <\/a><\/td>\n<\/tr>\n
6 <\/td>\nRevocation how made <\/a><\/td>\n<\/tr>\n
7 <\/td>\nAcceptance must be absolute <\/a><\/td>\n<\/tr>\n
8 <\/td>\nAcceptance by performing conditions, or receiving consideration <\/a><\/td>\n<\/tr>\n
9 <\/td>\nPromises, express or implied <\/a><\/td>\n<\/tr>\n
\n

\u00a0<\/p>\n<\/td>\n

\n

\u00a0<\/p>\n<\/td>\n<\/tr>\n

<\/p>\n

Chapter II <\/p>\n

<\/b> <\/td>\n

Of contracts, violable contracts and void agreements<\/b><\/td>\n<\/tr>\n
\n

10 <\/p>\n<\/td>\n

What agreements are contracts <\/a><\/td>\n<\/tr>\n
\n

11 <\/p>\n<\/td>\n

Who are competent to contract<\/a><\/td>\n<\/tr>\n
\n

12 <\/p>\n<\/td>\n

What is a sound mind for the purposes of contracting <\/a><\/td>\n<\/tr>\n
\n

13 <\/p>\n<\/td>\n

“Consent” defined <\/a><\/td>\n<\/tr>\n
\n

14 <\/p>\n<\/td>\n

“Free consent” defined <\/a><\/td>\n<\/tr>\n
\n

15 <\/p>\n<\/td>\n

“Coercion” defined <\/a><\/td>\n<\/tr>\n
\n

16 <\/p>\n<\/td>\n

“Undue influence” defined <\/a><\/td>\n<\/tr>\n
\n

17 <\/p>\n<\/td>\n

“Fraud” defined <\/a><\/td>\n<\/tr>\n
\n

18 <\/p>\n<\/td>\n

“Misrepresentation” defined <\/a><\/td>\n<\/tr>\n
\n

19 <\/p>\n<\/td>\n

Voidability of agreements without free consent <\/a><\/td>\n<\/tr>\n
\n

19A <\/p>\n<\/td>\n

Power to set aside contract induced by undue influence <\/a><\/td>\n<\/tr>\n
\n

20 <\/p>\n<\/td>\n

Agreement void where both parties are under mistake as to matter of fact<\/a><\/td>\n<\/tr>\n
\n

21 <\/p>\n<\/td>\n

Effect of mistakes as to law<\/a><\/td>\n<\/tr>\n
\n

22 <\/p>\n<\/td>\n

Contract caused by mistake of one party as to matter of fact <\/a><\/td>\n<\/tr>\n
\n

23 <\/p>\n<\/td>\n

What considerations and objects are lawful, and what not <\/a><\/td>\n<\/tr>\n
\n

24 <\/p>\n<\/td>\n

Agreements void, if consideration and objects unlawful in part <\/a><\/td>\n<\/tr>\n
\n

25 <\/p>\n<\/td>\n

Agreement without consideration void, unless it is in writing and registered, or is a promise to compensation for something done, or is a promise to pay a debt barred by limitation law<\/a><\/td>\n<\/tr>\n
\n

26 <\/p>\n<\/td>\n

Agreement in restraint of marriage void <\/a><\/td>\n<\/tr>\n
27 <\/td>\nAgreement in restraint of trade void <\/a><\/td>\n<\/tr>\n
28 <\/td>\nAgreements in restraint of legal proceedings void <\/a><\/td>\n<\/tr>\n
29 <\/td>\nAgreement void for uncertainty <\/a><\/td>\n<\/tr>\n
30 <\/td>\nAgreements by way of wager, void <\/a><\/td>\n<\/tr>\n
\u00a0<\/b> <\/td>\n\u00a0<\/b><\/td>\n<\/tr>\n
<\/p>\n

Chapter III <\/p>\n

<\/b> <\/td>\n

Of contingent contracts <\/b><\/td>\n<\/tr>\n
\n

31 <\/p>\n<\/td>\n

“Contingent contract” defined <\/a><\/td>\n<\/tr>\n
\n

32 <\/p>\n<\/td>\n

Enforcement of contracts contingent on an event happening <\/a><\/td>\n<\/tr>\n
\n

33 <\/p>\n<\/td>\n

Enforcement of contracts contingent on an event not happening <\/a><\/td>\n<\/tr>\n
\n

34 <\/p>\n<\/td>\n

When event on which contract is contingent to be deemed impossible, if it is the future conduct of a living person<\/a><\/td>\n<\/tr>\n
\n

35 <\/p>\n<\/td>\n

When contracts become void, which are contingent on happening of specified event within fixed time<\/a><\/td>\n<\/tr>\n
\n

36 <\/p>\n<\/td>\n

Agreements contingent on impossible events, void<\/a><\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
<\/p>\n

Chapter IV <\/p>\n

<\/b> <\/td>\n

Of the performance of contracts Contracts which must be performed<\/b><\/td>\n<\/tr>\n
\n

37 <\/p>\n<\/td>\n

Obligation of parties to contracts<\/a><\/td>\n<\/tr>\n
\n

38 <\/p>\n<\/td>\n

Effect of refusal to accept offer of performance<\/a><\/td>\n<\/tr>\n
\n

39 <\/p>\n<\/td>\n

Effect of refusal of party to perform promise wholly <\/a><\/td>\n<\/tr>\n
\n

40 <\/p>\n<\/td>\n

Person by whom promise is to be performed<\/a><\/td>\n<\/tr>\n
\n

41 <\/p>\n<\/td>\n

Effect of accepting performance from third person<\/a><\/td>\n<\/tr>\n
\n

42 <\/p>\n<\/td>\n

Devolution of joint liabilities <\/a><\/td>\n<\/tr>\n
43 <\/td>\nAny one of joint promisors may be compelled to perform<\/a><\/td>\n<\/tr>\n
44 <\/td>\nEffect of release of one joint promisor <\/a><\/td>\n<\/tr>\n
45 <\/td>\nDevolution of joint rights <\/a><\/td>\n<\/tr>\n
46 <\/td>\nTime for performance of promise, where no application is to be made and no time is specified <\/a><\/td>\n<\/tr>\n
47 <\/td>\nTime and place for performance of promise, where time is specified and no application to be made<\/a><\/td>\n<\/tr>\n
48 <\/td>\nApplication for performance on certain day to be at proper time and place<\/a><\/td>\n<\/tr>\n
49 <\/td>\nPlace for performance of promise, where no application to be made and no place fixed for performance<\/a><\/td>\n<\/tr>\n
50 <\/td>\nPerformance in manner or at time prescribed or sanctioned by promisee<\/a><\/td>\n<\/tr>\n
51 <\/td>\nPromisor not bound to perform, unless reciprocal promisee ready and willing to perform<\/a><\/td>\n<\/tr>\n
52 <\/td>\nOrder of performance of reciprocal promises <\/a><\/td>\n<\/tr>\n
53 <\/td>\nLiability of party preventing event on which contract is to take effect<\/a><\/td>\n<\/tr>\n
54 <\/td>\nEffect of default as to taht promise which should be first performed, in contract consisting of reciprocal promises <\/a><\/td>\n<\/tr>\n
55 <\/td>\nEffect of failure to perform at fixed time, in contract in which time is essential <\/a><\/td>\n<\/tr>\n
56 <\/td>\nAgreement to do impossible act<\/a><\/td>\n<\/tr>\n
57 <\/td>\nReciprocal promise to do things legal and also other things illegal <\/a><\/td>\n<\/tr>\n
58 <\/td>\nAlternative promise, one brach being illegal <\/a><\/td>\n<\/tr>\n
59 <\/td>\nApplication of payment where debt to be discharged is indicated <\/a><\/td>\n<\/tr>\n
60 <\/td>\nApplication of payment where debt to be discharged is not indicated <\/a><\/td>\n<\/tr>\n
61 <\/td>\nApplication of payment neither party appropriates <\/a><\/td>\n<\/tr>\n
62 <\/td>\nEffect of novation, rescission and alteration of contract <\/a><\/td>\n<\/tr>\n
63 <\/td>\nPromisee may dispense with or remit performance of promise <\/a><\/td>\n<\/tr>\n
64 <\/td>\nConsequences of rescission of voidable contract<\/a><\/td>\n<\/tr>\n 65 <\/td>\nObligation of person who has received advantage under void agreement, or contract that becomes void <\/a><\/td>\n<\/tr>\n
66 <\/td>\nMode of communicating or revoking recission of voidable contract<\/a><\/td>\n<\/tr>\n
67 <\/td>\nEffect of neglect of promisee to afford promisor reasonable facilities for performance <\/a><\/td>\n<\/tr>\n
\u00a0<\/b> <\/td>\n\u00a0<\/b><\/td>\n<\/tr>\n
<\/p>\n

Chapter V <\/p>\n

<\/b> <\/td>\n

Of certain relations resembling those created by contract<\/b><\/td>\n<\/tr>\n
\n

68 <\/p>\n<\/td>\n

Claim for necessaries supplied to person incapable of contracting, or on his account <\/a><\/td>\n<\/tr>\n
\n

69 <\/p>\n<\/td>\n

Reimburesement of person paying money due by another, in payment of which he is interested <\/a><\/td>\n<\/tr>\n
\n

70 <\/p>\n<\/td>\n

Obligation of person enjoying benefit of non-grauitous act <\/a><\/td>\n<\/tr>\n
\n

71 <\/p>\n<\/td>\n

Responsibility of finder of goods<\/a><\/td>\n<\/tr>\n
\n

72 <\/p>\n<\/td>\n

Liability of person to whom money is paid, or thing delivered, by mistake or under coercion<\/a><\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
<\/p>\n

Chapter VI <\/p>\n

<\/b> <\/td>\n

Of the consequences of breach of contract<\/b><\/td>\n<\/tr>\n
\n

73 <\/p>\n<\/td>\n

Compensation for loss or damage caused by breach of contract<\/a><\/td>\n<\/tr>\n
\n

74 <\/p>\n<\/td>\n

Compensation for breach of contract where penalty stipulated for <\/a><\/td>\n<\/tr>\n
\n

75 <\/p>\n<\/td>\n

Party rightfully rescinding contract entitled to compensation<\/a><\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
<\/p>\n

Chapter VII <\/p>\n

<\/b> <\/td>\n

Sale of goods <\/b><\/td>\n<\/tr>\n
76 to 123 <\/td>\nRepealed <\/a> <\/td>\n<\/tr>\n
\u00a0<\/b> <\/td>\n\u00a0<\/b><\/td>\n<\/tr>\n
Chapter VIII <\/b> <\/td>\nOf indemnity and guarantee <\/b><\/td>\n<\/tr>\n
\n

124 <\/p>\n<\/td>\n

“Contract of indemnity” defined<\/a><\/td>\n<\/tr>\n
\n

125 <\/p>\n<\/td>\n

Rights of indemnity-holder when sued <\/a><\/td>\n<\/tr>\n
\n

126 <\/p>\n<\/td>\n

“Contract of guarantee”, “surety”, principal debtor” and “Creditor”<\/a><\/td>\n<\/tr>\n
\n

127 <\/p>\n<\/td>\n

Consideration for guarantee <\/a><\/td>\n<\/tr>\n
\n

128 <\/p>\n<\/td>\n

Surety’s liability<\/a><\/td>\n<\/tr>\n
\n

129 <\/p>\n<\/td>\n

“Continuing guarantee”<\/a><\/td>\n<\/tr>\n
\n

130 <\/p>\n<\/td>\n

Revocation of continuing guarantee<\/a> <\/td>\n<\/tr>\n
\n

131 <\/p>\n<\/td>\n

Revocation of continuing guarantee by surety’s death <\/a><\/td>\n<\/tr>\n
\n

132 <\/p>\n<\/td>\n

Liability of two persons, primarily liable, not affected by arrangement between them that one shall be surety in other’s default <\/a><\/td>\n<\/tr>\n
\n

133 <\/p>\n<\/td>\n

Discharge of surety by variance in terms of contract <\/a><\/td>\n<\/tr>\n
\n

134 <\/p>\n<\/td>\n

Discharge of surety by release of discharge of principal debtor<\/a><\/td>\n<\/tr>\n
\n

135 <\/p>\n<\/td>\n

Discharge of surety shen cerditor compounds with, gives time to, or agrees not to sue principal debtor<\/a><\/td>\n<\/tr>\n
\n

136 <\/p>\n<\/td>\n

Surety not discharged when agreement made with third person to give time to principal debtor <\/a><\/td>\n<\/tr>\n
\n

137 <\/p>\n<\/td>\n

Creditor’s forbearance to sue does not discharge surety <\/a><\/td>\n<\/tr>\n
\n

138 <\/p>\n<\/td>\n

Release of one co-surety does not discharge others <\/a><\/td>\n<\/tr>\n
\n

139 <\/p>\n<\/td>\n

Discharge of surety by creditor’s act or omission impairing surety’s eventual remedy<\/a><\/td>\n<\/tr>\n
\n

140 <\/p>\n<\/td>\n

Rights of surety on payment or performance<\/a><\/td>\n<\/tr>\n
141 <\/td>\nSurety’s right to benefit of creditor’s securities <\/a><\/td>\n<\/tr>\n
142 <\/td>\nGuarantee obtaiend by misrepresentation, invalid <\/a><\/td>\n<\/tr>\n
143 <\/td>\nGuarantee obtained by concealment, invalid <\/a><\/td>\n<\/tr>\n
144 <\/td>\nGuarantee on contract that creditor shall not act on it until co-sureties joins<\/a><\/td>\n<\/tr>\n
145 <\/td>\nImplied promise to indemnify surety<\/a><\/td>\n<\/tr>\n
146 <\/td>\nCo-sureties liable to contribute equally<\/a><\/td>\n<\/tr>\n
147 <\/td>\nLiability of co-sureties bound in different sums <\/a><\/td>\n<\/tr>\n
\u00a0<\/b> <\/td>\n\u00a0<\/b><\/td>\n<\/tr>\n
Chapter IX <\/b> <\/td>\nOf bailment <\/b><\/td>\n<\/tr>\n
148 <\/td>\n“Bailment”, “bailor” and “bailee” defined<\/a><\/td>\n<\/tr>\n
149 <\/td>\nDelivery to bailee how made<\/a><\/td>\n<\/tr>\n
150 <\/td>\nBailor’s duty to disclose faults in goods bailed<\/a><\/td>\n<\/tr>\n
151 <\/td>\nCare to be taken by bailee<\/a><\/td>\n<\/tr>\n
\n

152<\/p>\n<\/td>\n

\n

Bailee when not liable for loss, etc. of thing bailed<\/a><\/p>\n<\/td>\n<\/tr>\n

\n

153<\/p>\n<\/td>\n

\n

Termination of bailment by bailee’s act inconsistent with conditions <\/a><\/p>\n<\/td>\n<\/tr>\n

\n

154<\/p>\n<\/td>\n

\n

Liability of bailee making unauthorized use of goods bailed<\/a><\/p>\n<\/td>\n<\/tr>\n

\n

155<\/p>\n<\/td>\n

\n

Effect of mixture, with bailor’s consent, of his goods with bailee’s <\/a><\/p>\n<\/td>\n<\/tr>\n

\n

156<\/p>\n<\/td>\n

\n

Effect of mixture, without bailor’s consent when the goods can be separated<\/a><\/p>\n<\/td>\n<\/tr>\n

\n

157<\/p>\n<\/td>\n

\n

Effect of mixture, without bailor’s consent, when the goods cannot be separated <\/a> <\/p>\n<\/td>\n<\/tr>\n

\n

158<\/p>\n<\/td>\n

\n

Repayment, by bailor, of necessary expenses <\/a><\/p>\n<\/td>\n<\/tr>\n

\n

159<\/p>\n<\/td>\n

\n

Restoration of goods bailed, on expiration of time or accomplishment of purpose <\/a> <\/p>\n<\/td>\n<\/tr>\n

\n

160<\/p>\n<\/td>\n

\n

Return of goods bailed, on expiration of time or accomplishment of purpose <\/a> <\/p>\n<\/td>\n<\/tr>\n

\n

161<\/p>\n<\/td>\n

\n

Bailee’s responsibility when goods are not duly returned<\/a><\/p>\n<\/td>\n<\/tr>\n

\n

162<\/p>\n<\/td>\n

\n

Termination of gratuitours bailment by death<\/a><\/p>\n<\/td>\n<\/tr>\n

\n

163<\/p>\n<\/td>\n

\n

Bailor entitled to increase or profit from goods bailed <\/a><\/p>\n<\/td>\n<\/tr>\n

\n

164<\/p>\n<\/td>\n

\n

Bailor’s responsibility to bailee<\/a><\/p>\n<\/td>\n<\/tr>\n

\n

165<\/p>\n<\/td>\n

\n

Bailment by several joint owners<\/a><\/p>\n<\/td>\n<\/tr>\n

\n

166<\/p>\n<\/td>\n

\n

Bailee not responsible on re-delivery to bailor without title<\/a><\/p>\n<\/td>\n<\/tr>\n

\n

167<\/p>\n<\/td>\n

\n

Right of third person claiming goods bailed<\/a><\/p>\n<\/td>\n<\/tr>\n

\n

168<\/p>\n<\/td>\n

\n

Right of finder of goods may sue for specific reward offered<\/a><\/p>\n<\/td>\n<\/tr>\n

\n

169<\/p>\n<\/td>\n

\n

When Finder of thing commonly on sale may sell it <\/a><\/p>\n<\/td>\n<\/tr>\n

\n

170<\/p>\n<\/td>\n

\n

Bailee’s particular lien<\/a><\/p>\n<\/td>\n<\/tr>\n

\n

171<\/p>\n<\/td>\n

\n

General lien of bankers, factors, w
\nharfingers, attorneys, and policy brokers<\/a><\/p>\n<\/td>\n<\/tr>\n

\n

172<\/p>\n<\/td>\n

\n

“Pledge”, “pownor” and “pawnee” defined <\/a><\/p>\n<\/td>\n<\/tr>\n

\n

173<\/p>\n<\/td>\n

\n

Pawnee’s right of retainer<\/a><\/p>\n<\/td>\n<\/tr>\n

\n

174<\/p>\n<\/td>\n

\n

Pawnee not to retain for debt or promise other than that for which goods pledged: Presumption in case of subsequent advances <\/a><\/p>\n<\/td>\n<\/tr>\n

\n

175<\/p>\n<\/td>\n

\n

Pawnee’s right to extraordinary expenses incurred <\/a><\/p>\n<\/td>\n<\/tr>\n

\n

176<\/p>\n<\/td>\n

\n

Pawnee’s right where pawnor makes default <\/a><\/p>\n<\/td>\n<\/tr>\n

\n

177<\/p>\n<\/td>\n

\n

Defaulting pawnor’s right to redeem<\/a><\/p>\n<\/td>\n<\/tr>\n

\n

178<\/p>\n<\/td>\n

\n

Pledge by mercantile agent<\/a><\/p>\n<\/td>\n<\/tr>\n

\n

178A<\/p>\n<\/td>\n

\n

Pledge by person in possession under voidable contract<\/a><\/p>\n<\/td>\n<\/tr>\n

\n

179<\/p>\n<\/td>\n

\n

Pledge where pawnor has only a limited interest suits by bailors against wrong-doers <\/a><\/p>\n<\/td>\n<\/tr>\n

\n

180<\/p>\n<\/td>\n

\n

Suit by bailor or bailee against wrong-doer<\/a><\/p>\n<\/td>\n<\/tr>\n

\n

181<\/p>\n<\/td>\n

\n

Apportionment of relief or compensation obtained by such suits <\/a><\/p>\n<\/td>\n<\/tr>\n

\u00a0<\/b> <\/td>\n\u00a0<\/b><\/td>\n<\/tr>\n
Chapter X <\/b> <\/td>\nAgency, Appointment and authority of agents<\/b><\/td>\n<\/tr>\n
182 <\/td>\n“Agent” and “Principal” defined<\/a><\/td>\n<\/tr>\n
183 <\/td>\nWho may employ agent<\/a><\/td>\n<\/tr>\n
184 <\/td>\nWho may be an agent<\/a><\/td>\n<\/tr>\n
185 <\/td>\nConsideration not necessary<\/a><\/td>\n<\/tr>\n
186 <\/td>\nAgent’s authority may be expressed or implied<\/a><\/td>\n<\/tr>\n
187 <\/td>\nDefinitions of express and implied authority<\/a><\/td>\n<\/tr>\n
188 <\/td>\nExtent of agent’s authority<\/a><\/td>\n<\/tr>\n
189 <\/td>\nAgent’s authority in an emergency<\/a><\/td>\n<\/tr>\n
190 <\/td>\nWhen agent cannot delegate<\/a><\/td>\n<\/tr>\n
191 <\/td>\n“Sub-agent” defined <\/a><\/td>\n<\/tr>\n
192 <\/td>\nRepresentation of principal by sub-agent properly appointed<\/a><\/td>\n<\/tr>\n
193 <\/td>\nAgent’s responsibility for sub-agent appointed without authority<\/a><\/td>\n<\/tr>\n
194 <\/td>\nRelation between principal and person duly appointed by agent to act in business of agency<\/a><\/td>\n<\/tr>\n
195 <\/td>\nAgent’s duty in naming such person<\/a><\/td>\n<\/tr>\n
196 <\/td>\nRight of person as to acts done for him without his authority: effect of ratification <\/a><\/td>\n<\/tr>\n
197 <\/td>\nRatification may be expressed or implied<\/a><\/td>\n<\/tr>\n
198 <\/td>\nKnowledge requisite for valid ratification<\/a><\/td>\n<\/tr>\n
199 <\/td>\nEffect of ratifying unauthorized act forming part of transaction<\/a><\/td>\n<\/tr>\n
200 <\/td>\nRatification of unauthorized act cannot injure third person<\/a><\/td>\n<\/tr>\n
201 <\/td>\nTermination of agency<\/a><\/td>\n<\/tr>\n
202 <\/td>\nTermination of agency, where agent has an interest in subject-matter<\/a><\/td>\n<\/tr>\n
203 <\/td>\nWhen principal may revoke agent’s authority<\/a><\/td>\n<\/tr>\n
204 <\/td>\nRevocation where authority has been partly exercised <\/a><\/td>\n<\/tr>\n
205 <\/td>\nCompensation for revocation by principal, or renunciation by agent<\/a><\/td>\n<\/tr>\n
206 <\/td>\nNotice of revocation or renunciation<\/a><\/td>\n<\/tr>\n
207 <\/td>\nRevocation and renunciation may be expressed or implied<\/a><\/td>\n<\/tr>\n
208 <\/td>\nWhen termination of agent’s authority takes effect as to agent, and as to third persons <\/a><\/td>\n<\/tr>\n
209 <\/td>\nAgent’s duty on termination of agency by principal’s death or insanity<\/a><\/td>\n<\/tr>\n
210 <\/td>\nTermination of sub-agent’s authority<\/a><\/td>\n<\/tr>\n
211 <\/td>\nAgent’s duty in conducting principal’s business<\/a><\/td>\n<\/tr>\n
212 <\/td>\nSkill and diligence required from agent <\/a><\/td>\n<\/tr>\n
213 <\/td>\nAgent’s accounts <\/a><\/td>\n<\/tr>\n
214 <\/td>\nAgent’s duty to communicate with principal<\/a><\/td>\n<\/tr>\n
215 <\/td>\nRight of principal when agent deals, on his own account, in business of agenc
\ny without principal’s consent<\/a><\/td>\n<\/tr>\n
216 <\/td>\nPrincipal’s right to benefit gained by agent dealing on his own account in business of agency<\/a><\/td>\n<\/tr>\n
217 <\/td>\nAgent’s right of retainer out of sums received on principal’s account<\/a><\/td>\n<\/tr>\n
218 <\/td>\nAgent’s duty to pay sums received for principal<\/a><\/td>\n<\/tr>\n
219 <\/td>\nWhen agent’s remuneration becomes due <\/a><\/td>\n<\/tr>\n
220 <\/td>\nAgent not entitled to remuneration for business misconducted<\/a><\/td>\n<\/tr>\n
221 <\/td>\nAgent’s lien on principal’s property<\/a><\/td>\n<\/tr>\n
222 <\/td>\nAgent to be indemnified against consequences of lawful acts<\/a><\/td>\n<\/tr>\n
223 <\/td>\nAgent to be indemnified against consequences of acts done in good faith<\/a><\/td>\n<\/tr>\n
224 <\/td>\nNon-liability of employer of agent to do a criminal act <\/a><\/td>\n<\/tr>\n
225 <\/td>\nCompensation to agent for for injury caused by principal’s neglect<\/a><\/td>\n<\/tr>\n
226 <\/td>\nEnforcement and consequences of agent’s contracts<\/a><\/td>\n<\/tr>\n
227 <\/td>\nPrincipal how far bound, when agent exceeds authority<\/a><\/td>\n<\/tr>\n
228 <\/td>\nPrincipal not bound when excess of agent’s authority is not separable<\/a><\/td>\n<\/tr>\n
229 <\/td>\nConsequences of notice given to agent<\/a><\/td>\n<\/tr>\n
230 <\/td>\nAgent cannot personally enforce, nor be bound by, contracts on behalf of principal <\/a><\/td>\n<\/tr>\n
231 <\/td>\nRights of parties to a contract made by agent not disclosed<\/a><\/td>\n<\/tr>\n
232 <\/td>\nPerformance of contract with agent supposed to be principal<\/a><\/td>\n<\/tr>\n
233 <\/td>\nRight of person dealing with agent personally liable<\/a><\/td>\n<\/tr>\n
234 <\/td>\nConsequence of inducing agent or principal to act on belief that principal or agent will be held exclusively liable<\/a><\/td>\n<\/tr>\n
235 <\/td>\nLiability of pretended agent<\/a><\/td>\n<\/tr>\n
236 <\/td>\nPerson falsely contracting as agent, not entitled to performance<\/a><\/td>\n<\/tr>\n
237 <\/td>\nLiability of principal inducing belief that agent’s unauthorised acts were authorised<\/a><\/td>\n<\/tr>\n
238 <\/td>\nEffect, on agreement, of misrep
\nresentation or fraud by agent<\/a><\/td>\n<\/tr>\n
\u00a0<\/b> <\/td>\n\u00a0<\/b><\/td>\n<\/tr>\n
Chapter XI <\/b> <\/td>\nOf partnership <\/b><\/td>\n<\/tr>\n
239 to 266 <\/td>\nRepealed<\/a><\/td>\n<\/tr>\n
\u00a0 <\/td>\n\u00a0<\/td>\n<\/tr>\n
Schedule <\/b> <\/td>\nRepealed<\/a><\/td>\n<\/tr>\n<\/table>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

Indian Laws – Bare Acts<\/strong><\/a><\/strong><\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

The Indian Contract Act, 1872, Indian Laws and Bare Acts at MyNation.net<\/p>\n","protected":false},"author":1000,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"sidebar-page.php","format":"standard","meta":{"_customify_content_layout":"","_customify_sidebar":"","_customify_page_header_display":"","_customify_disable_header":"","_customify_disable_header_top":"","_customify_disable_header_main":"","_customify_disable_header_bottom":"","_customify_disable_page_title":"","_customify_disable_content_vertical_padding":"","_customify_disable_footer_top":"","_customify_disable_footer_main":"","_customify_disable_footer_bottom":"","_customify_breadcrumb_display":"","_customify_header_transparent_display":"","footnotes":""},"categories":[17928],"tags":[17544,17545,17329,17929,17930,14064,17330,17294,17546,17931],"class_list":["post-4617","post","type-post","status-publish","format-standard","hentry","category-contractact","tag-acts-of-india","tag-bare-acts-at-mynation-net","tag-bare-acts-of-india","tag-indian-contract-act","tag-indian-contract-act-1872","tag-indian-laws","tag-laws-2","tag-laws-of-india","tag-laws-of-india-at-mynation-net","tag-the-indian-contract-act-1872"],"_links":{"self":[{"href":"https:\/\/mynation.net\/laws\/wp-json\/wp\/v2\/posts\/4617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mynation.net\/laws\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mynation.net\/laws\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mynation.net\/laws\/wp-json\/wp\/v2\/users\/1000"}],"replies":[{"embeddable":true,"href":"https:\/\/mynation.net\/laws\/wp-json\/wp\/v2\/comments?post=4617"}],"version-history":[{"count":0,"href":"https:\/\/mynation.net\/laws\/wp-json\/wp\/v2\/posts\/4617\/revisions"}],"wp:attachment":[{"href":"https:\/\/mynation.net\/laws\/wp-json\/wp\/v2\/media?parent=4617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mynation.net\/laws\/wp-json\/wp\/v2\/categories?post=4617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mynation.net\/laws\/wp-json\/wp\/v2\/tags?post=4617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}