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Indian Contract Act, 1872 Complete Act - Bare Act

StateCentral Government
Year
Act Info:
Preamble - THE INDIAN CONTRACT ACT, 1872
Section1 - Short title, extent and Commencement
Section2 - Interpretation clause
Chapter 1
Section3 - Communication, acceptance and revocation of proposals
Section4 - Communication when complete
Section5 - Revocation of proposals and acceptance
Section6 - Revocation how made
Section7 - Acceptance must be absolute
Section8 - Acceptance by performing conditions, or receiving consideration
Section9 - Promises, express and implied
Chapter 2
Section10 - What agreements are contracts
Section11 - Who are competent to contract
Section12 - What is a sound mind for the purposes of contracting
Section13 - Consent defined
Section14 - Free consent defined
Section15 - Coercion defined
Section16 - Undue influence defined
Section17 - 'Fraud' defined
Section18 - Misrepresentation defined
Section19 - Voidability of agreement without free consent
Section19A - Power to set aside contract induced by undue influence
Section20 - Agreement void where both parties are under mistake as to matter of fact
Section21 - Effect of mistakes as to law
Section22 - Contract caused by mistake of one party as to matter of fact
Section23 - What considerations and objects are lawful and what not
Section24 - Agreements void, if considerations and objects unlawful in part
Section25 - Agreement without consideration, void, unless it is in writing and registered, or is a promise to compensate for something done, or is a promise to pay a debt barred by limitation law
Section26 - Agreement in restraint of marriage void
Section27 - Agreement in restraint of trade void
Section28 - Agreements in restraint of legal proceedings void
Section29 - Agreements void for uncertainty
Section30 - Agreements by way of wager void
Chapter 3
Section31 - Contingent contract defined
Section32 - Enforcement of contracts contingent on an event happening
Section33 - Enforcement of contracts contingent on an event not happening
Section34 - When event on which contract is contingent to be deemed impossible, if it is the future conduct of a living person
Section35 - When contracts become void which are contingent on happening of specified event within fixed time
Section36 - Agreement contingent on impossible event void
Chapter 4
Section37 - Obligations of parties to contracts
Section38 - Effect of refusal to accept offer of performance
Section39 - Effect of refusal of party to perform promise wholly
Section40 - Person by whom promise is to be performed
Section41 - Effect of accepting performance from third person
Section42 - Devolution of joint liabilities
Section43 - Any one of joint promisors may be compelled to perform
Section44 - Effect of release of one joint promisor
Section45 - Devolution of joint rights
Section46 - Time for performance of promise, where no application is to be made and no time is specified
Section47 - Time and place for performance of promise, where time is specified and no application to be made
Section48 - Application for performance on certain day to be at proper time and place
Section49 - Place for the performance of promise, where no application to be made and no place fixed for performance
Section50 - Performance in manner or at time prescribed or sanctioned by promisee
Section51 - Promisor not bound to perform, unless reciprocal promisee ready and willing to perform
Section52 - Order of performance of reciprocal promises
Section53 - Liability of party preventing event on which the contract is to take effect
Section54 - Effect of default as to that promise which should be first performed, in contract consisting of reciprocal promises
Section55 - Effect of failure to perform at a fixed time, in contract in which time is essential
Section56 - Agreement to do impossible act
Section57 - Reciprocal promise to do things legal, and also other things illegal
Section58 - Alternative promise, one branch being illegal
Section59 - Application of payment where debt to be discharged is indicated
Section60 - Application of payment where debt to be discharged is not indicated
Section61 - Application of payment where neither party appropriates
Section62 - Effect of novation, rescission, and alteration of contract
Section63 - Promise may dispense with or remit performance of promise
Section64 - Consequences of rescission of voidable contract
Section65 - Obligation of person who has received advantage under void agreement, or contract that becomes void
Section66 - Mode of communicating or revoking rescission of voidable contract
Section67 - Effect of neglect of promisee to afford promisor reasonable facilities for performance
Chapter 5
Section68 - Claim for necessaries supplied to person incapable of contracting, or on his account
Section69 - Reimbursement of person paying money due by another, in payment of which he is interested
Section70 - Obligation of person enjoying benefit of non-gratuitous act
Section71 - Responsibility of finder of goods
Section72 - Liability of person to whom money is paid or thing delivered by mistake or under coercion
Chapter 6
Section73 - Compensation for loss or damage caused by breach of contract
Section74 - Compensation for breach of contract where penalty stipulated for
Section75 - Party rightfully rescinding contract entitled to compensation
Chapter 7
Section76 to 123 - Repealed
Chapter 8
Section124 - Contract of indemnity defined
Section125 - Rights of indemnity- holder when sued
Section126 - Contract of guarantee, Surety, Principal debtor and creditor
Section127 - Consideration for guarantee
Section128 - Suretys liability
Section129 - Continuing guarantee
Section130 - Revocation of continuing guarantee
Section131 - Revocation of continuing guarantee by suretys death
Section132 - Liability of two persons, primarily liable, not affected by arrangement between them that one shall be surety on others default
Section133 - Discharge of surety by variance in terms of contract
Section134 - Discharge of surety by release or discharge of principal debtor
Section135 - Discharge of surety when creditor compounds with, gives time to, or agrees not to sue, principal debtor
Section136 - Surety not discharged when agreement made with third person to give time to principal debtor
Section137 - Creditors forbearance to sue does not discharge surety
Section138 - Release of one co- surety does not discharge others
Section139 - Discharge of surety by creditors act or omission impairing suretys eventual remedy
Section140 - Rights of surety on payment or performance
Section141 - Suretys right to benefit of creditors securities
Section142 - Guarantee obtained by misrepresentation, invalid
Section143 - Guarantee obtained by concealment invalid
Section144 - Guarantee on contract that creditor shall not act on it until co-surety joins
Section145 - Implied promise to indemnify surety
Section146 - Co-sureties liable to contribute equally
Section147 - Liability of co-sureties bound in different sums
Chapter 9
Section148 - Bailment, `bailor and `bailee defined
Section149 - Delivery to bailee how made
Section150 - Bailors duty to disclose faults in goods bailed
Section151 - Care to be taken by bailee
Section152 - Bailee when not liable for loss, etc. , of thing bailed
Section153 - Termination of bailment by bailees act inconsistent with conditions
Section154 - Liability of bailee making unauthorized use of goods bailed
Section155 - Effect of mixture, with bailors consent, of his goods with bailees
Section156 - Effect of mixture without bailors consent, when the goods can be separated
Section157 - Effect of mixture, without bailors consent, when the goods cannot be separated
Section158 - Repayment, by bailor, of necessary expenses
Section159 - Restoration of goods lent gratuitously
Section160 - Return of goods bailed, on expiration of time or accomplishment of purpose
Section161 - Bailees responsibility when goods are not duly returned
Section162 - Termination of gratuitous bailment by death
Section163 - Bailor entitled to increase or profit from goods bailed
Section164 - Bailors responsibility to bailee
Section165 - Bailment by several joint owners
Section166 - Bailee not responsible on redelivery to bailor without title
Section167 - Right of third person claiming goods bailed
Section168 - Right of finder of goods, may sue for specific reward offered
Section169 - When finder of thing commonly on sale may sell it
Section170 - Bailees particular lien
Section171 - General lien of bankers, factors, wharfingers, attorneys and policy-brokers
Section172 - Pledge, pawnor and pawnee defined
Section173 - Pawnees right of retainer
Section174 - Pawnee not to retain for debt or promise other than that for which goods pledged. Presumption in case of subsequent advances
Section175 - Pawnees right as to extraordinary expenses incurred
Section176 - Pawnees right where pawnor makes default
Section177 - Defaulting pawnors right to redeem
Section178 - Pledge by mercantile agent
Section178A - Pledge by person in possession under voidable contract
Section179 - Pledge where pawnor has only a limited interest
Section180 - Suit by bailor or bailee against wrong-doer
Section181 - Apportionment of relief or compensation obtained by such suits
Chapter 10
Section182 - Agent and Principal defined
Section183 - Who may employ agent
Section184 - Who may be an agent
Section185 - Consideration not necessary
Section186 - Agents authority may be expressed or implied
Section187 - Definitions of express and implied authority
Section188 - Extend of agents authority
Section189 - Agents authority in an emergency
Section190 - When agent cannot delegate
Section191 - Sub-agent defined
Section192 - Representation of principal by sub-agent properly appointed
Section193 - Agents responsibility for sub-agent appointed without authority
Section194 - Relation between principal and person duly appointed by agent to act in business of agency
Section195 - Agents duty in naming such person
Section196 - Right of person as to acts done for him without his authority. Effect of ratification
Section197 - Ratification may be expressed or implied
Section198 - Knowledge requisite for valid ratification
Section199 - Effect of ratifying unauthorized act forming part of a transaction
Section200 - Ratification of unauthorized act cannot injure third person
Section201 - Termination of agency
Section202 - Termination of agency, where agent has an interest in subject-matter
Section203 - When principal may revoke agents authority
Section204 - Revocation where authority has been partly exercised
Section205 - Compensation for revocation by principal, or renunciation by agent
Section206 - Notice of revocation or renunciation
Section207 - Revocation and renunciation may be expressed or implied
Section208 - When termination of agents authority takes effect as to agent and as to third persons
Section209 - Agents duty on termination of agency by principals death or insanity
Section210 - Termination of sub-agents authority
Section211 - Agents duty in conducting principals business
Section212 - Skill and diligence required from agent
Section213 - Agents accounts
Section214 - Agents duty to communicate with principal
Section215 - Right of principal when agent deals, on his own account, in business of agency without principal consent
Section216 - Principals right to benefit gained by agent dealing on his own account in business of agency
Section217 - Agents right of retainer out of sums received on principals account
Section218 - Agents duty to pay sums received for principal
Section219 - When Agents remuneration becomes due
Section220 - Agent not entitled to remuneration for business misconducted
Section221 - Agents lien on principals property
Section222 - Agent to be indemnified against consequences of lawful acts
Section223 - Agent to be indemnified against consequences of acts done in good faith
Section224 - Non-liability of employer of agent to do a criminal act
Section225 - Compensation to agent for injury caused by principals neglect
Section226 - Enforcement and consequences of agents contracts
Section227 - Principal how far bound, when agent exceeds authority
Section228 - Principal not bound when excess of agents authority is not separable
Section229 - Consequences of notice given to agent
Section230 - Agent cannot personally enforce, nor be bound by, contracts on behalf of principal
Section231 - Rights of parties to a contract made by agent not disclosed
Section232 - Performance of contract with agent supposed to be principal
Section233 - Right of person dealing with agent personally liable
Section234 - Consequence of inducing agent or principal to act on belief that principal or agent will be held exclusively liable
Section235 - Liability of pretended agent
Section236 - Person falsely contracting as agent not entitled to performance
Section237 - Liability of principal inducing belief that agents unauthorized acts were authorized
Section238 - Effect, on agreement, of misrepresentation or fraud by agent
Chapter 11
Section239 to 266 - Repealed
Schedule1 - SCHEDULE


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