Contract Act 1872

Preamble :Whereas it is expedient to define and amend certain parts of the law relating to contracts; It is hereby enacted as follows:_

Read full Act

S.130 Revocation of continuing guarantee

S.125 Rights of indemnity-holder when sued

S.62 Effect of novation, rescission, and alteration of contract

S.126 Contract of guarantee, surety, principal debtor and creditor

S.127 Consideration for guarantee

S.128 Suretys liability

S.129 Continuing guarantee

S.131 Revocation of continuing guarantee by suretys death

S.132 Liability of two persons, primarily liable, not affected by arrangement between them that one shall be surety on others default

S.133 Discharge of surety by variance in terms of contract

S.134 Discharge of surety by release or discharge of principal debtor

S.135 Discharge of surety when creditor compounds with, gives time to, or agrees not to sue, principal debtor

S.136 Surety not discharged when agreement made with third person to give time to principal debtor

S.137 Creditors forbearance to sue does not discharge surety

S.138 Release of one co_surety does not discharge others

S.139 Discharge of surety by creditors act or omission impairing suretys eventual remedy

S.140 Rights of surety on payment or performance

S.141 Suretys right to benefit of creditors securities

S.142 Guarantee obtained by misrepresentation, invalid

S.143 Guarantee obtained by concealment invalid

S.144 Guarantee on contract that creditor shall not act on it until co_surety joins

S.145 Implied promise to indemnify surety

S.146 co_sureties liable to contribute equally

S.147 Liability of co_sureties bound in different sums

S.148 Bailment, bailor and bailee defined

S.149 Delivery to bailee how made

S.150 Bailors duty to disclose faults in goods bailed

S.151 Care to be taken by bailee

S.152 Bailee when not liable for loss, etc., of thing bailed

S.153 Termination of bailment by bailees act inconsistent with conditions

S.154 Liability of bailee making unauthorised use of goods bailed

S.155 Effect of mixture with bailors consent, of his goods with bailees

S.156 Effect of mixture, without bailors consent, when the goods can be separated

S.157 Effect of mixture, without bailors consent, when the goods cannot be separated

S.158 Repayment, by bailor, of necessary expenses

S.159 Restoration of goods lent gratuitously

S.160 Return of goods bailed, on expiration of time or accomplishment of purpose

S.161 Bailees responsibility when goods are not duly returned

S.162 Termination of gratuitous bailment by death

S.163 Bailer entitled to increase or profit from goods bailed

S.164 Bailors responsibility to bailee

S.165 Bailment by several joint owners

S.166 Bailee not responsible on redelivery to bailor without title

S.167 Right of third person claiming goods bailed

S.168 Right of finder of goods-May sue for specific reward offered

S.169 When finder of thing commonly on sale may sell it

S.170 Bailees particular lien

S.171 General lien of bankers, factors, wharfingers, attorneys and policy brokers

S.172 Pledge, pawnor, and pawnee defined

S.173 Pawnees right of retainer

S.174 Pawnee not to retain for debt or promise other than that for which goods pledged_presumption in case of subsequent advances

S.175 Pawnees right as to extraordinary expenses incurred

S.176 Pawnees right where pawnor makes default

S.177 Defaulting pawnors right to redeem

S.178 Pledge by mercantile agent

S.178-A Pledge by person in possession under voidable contract

S.179 Pledge where pawnor has only a limited interest

S.180 Suit by bailor or bailee against wrong-doer

S.181 Apportionment of relief or compensation obtained by such suits

S.182 Agent and principal defined

S.183 Who may employ agent

S.184 Who may be an agent

S.185 Consideration not necessary

S.186 Agents authority may be expressed or implied

S.187 Definition of express and implied authority

S.188 Extent of agents authority

S.189 Agents authority in an emergency

S.190 When agent cannot delegate

S.191 sub_agent defined

S.192 Representation of principal by sub_agent properly appointed

S.193 Agents responsibility for sub_agent appointed without authority

S.194 Relation between principal and person duly appointed by agent to act in business of agency

S.195 Agents duty in naming such person

S.196 Right of person as to acts done for him without his authority_ Effect of ratification

S.197 Ratification may be expressed or implied

S.198 Knowledge requisite for valid ratification

S.199 Effect of ratifying unauthorised act forming part of a transaction

S.200 Ratification of unauthorised act cannot injure third person

S.201 Termination of agency

S.202 Termination of agency, where agent has an interest in subject matter

S.203 When principal may revoke agents authority

S.204 Revocation where authority has been partly exercised

S.205 Compensation for revocation by principal, or renunciation by agent

S.206 Notice of revocation or renunciation

S.207 Revocation and renunciation may be expressed or implied

S.208 When termination of agents authority takes effect as to agent, and as to third persons

S.209 Agents duty on termination of agency by principals death or insanity

S.210 Termination of sub_agents authority

S.211 Agents duty in conducting principals business

S.212 Skill and diligence required from agent

S.213 Agents accounts

S.214 Agents duty to communicate with principal

S.215 Right of principal when agent deals, on his own account, in business of agency without principals consent

S.216 Principals right to benefit gained by agent dealing on his own account in business of agency

S.217 Agents right of retainer out of sums received on principals account

S.218 Agents duty to pay sums received for principal

S.219 When agents remuneration becomes due

S.220 Agent not entitled to remuneration for business misconducted

S.221 Agents lien on principals property

S.222 Agent to be indemnified against consequences of lawful acts

S.223 Agent to be indemnified against consequences of acts done in good faith

S.224 Non-liability of employer of agent to do a criminal act

S.225 Compensation to agent for injury caused by principals neglect

S.226 Enforcement and consequences of agents contracts

S.227 Principal how far bound, when agent exceeds authority

S.228 Principal not bound when excess of agents authority is not separable

S.229 Consequences of notice given to agent

S.230 Agent cannot personally enforce, nor be bound by, contracts on behalf of principal

S.231 Rights of parties to a contract made by agent not disclosed

S.232 Performance of contract with agent supposed to be principal

S.233 Right of person dealing with agent personally liable

S.234 Consequence of inducing agent or principal to act on belief that principal or agent will be held exclusively liable

S.235 Liability of pretended agent

S.236 Person falsely contracting as agent, not entitled to performance

S.237 Liability of principal inducing belief that agents unauthorised acts were authorised

S.238 Effect, on agreement, of misrepresentation or fraud by agent

S.239 to 266 INDIAN CONTRACT ACT, 1872 239 to 266

S.1 Short title

S.2 Interpretation-clause

S.3 Communication, acceptance and revocation of proposals

S.4 Communication when complete

S.5 Revocation of proposals and acceptances

S.6 Revocation how made

S.7 Acceptance must be absolute

S.8 Acceptance by performing conditions, or receiving consideration

S.9 Promises, express and implied

S.10 What agreements are contracts

S.11 Who are competent to contract

S.12 What is a sound mind for the purposes of contracting

S.13 Consent defined

S.14 Free consent defined

S.15 Coercion defined

S.16 Undue influence defined

S.17 Fraud defined

S.18 Misrepresentation defined

S.19 Voidability of agreements without free consent

S.19A Power to set aside contract induced by undue influence

S.20 Agreement void where both parties are under mistake as to matter of fact

S.21 Effect of mistake as to law

S.22 Contract caused by mistake of one party as to matter of fact

S.23 What considerations and objects are lawful, and what not

S.24 Agreements void, if considerations and objects unlawful in part

S.25 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

S.26 Agreement in restraint of marriage, void

S.27 Agreement in restraint of trade, void

S.28 Agreements in restraint of legal proceedings, void

S.29 Agreements void for uncertainty

S.30 Agreements by way of wager, void

S.31 Contingent contract defined

S.32 Enforcement of contracts contingent on an event happening

S.33 Enforcement of contracts contingent on an event not happening

S.34 When event on which contract is contingent to be deemed impossible, if it is the future conduct of a living person

S.35 When contracts become void, which are contingent on happening of a specified event within fixed time

S.36 Agreements contingent on impossible events void

S.37 Obligation of parties to contracts

S.38 Effect of refusal to accept offer of performance

S.39 Effect of refusal of party to perform promise wholly

S.40 Person by whom promise is to be performed

S.41 Effect of accepting performance from third person

S.42 Devolution of joint liabilities

S.43 Any one of joint promisors may be compelled to perform

S.44 Effect of release of one joint promisor

S.45 Devolution of joint rights

S.46 Time for performance of promise, where no application is to be made and no time is specified

S.47 Time and place for performance of promise, where time is specified and no application to be made

S.48 Application for performance on certain day to be at proper time and place

S.49 Place for performance of promise, where no application to be made and no place fixed for performance

S.50 Performance in manner or at time prescribed or sanctioned by promisee

S.51 Promisor not bound to perform, unless reciprocal promisee ready and willing to perform

S.52 Order of performance of reciprocal promises

S.53 Liability of party preventing event on which contract is to take effect

S.54 Effect of default as to that promise which should be first performed, in contract consisting of reciprocal promises

S.55 Effect of failure to perform at fixed time, in contract in which time is essential

S.56 Agreement to do impossible act

S.57 Reciprocal promises to do things legal, and also other things illegal

S.58 Alternative promise, one branch being illegal

S.59 Application of payment where debt to be discharged is indicated

S.60 Application of payment where debt to be discharged is not indicated

S.61 Application of payment where neither party appropriates

S.63 Promisee may dispense with or remit performance of promise

S.64 Consequences of rescission of a voidable contract

S.65 Obligation of person who has received advantage under void agreement or contract that becomes void

S.66 Mode of communicating or revoking rescission of voidable contract

S.67 Effect of neglect of promisee to afford promisor reasonable facilities for performance

S.68 Claim for necessaries supplied to person incapable of contracting, or on his account

S.69 Reimbursement of person paying money due by another, in payment of which he is interested

S.70 Obligation of person enjoying benefit of non-gratuitous act

S.71 Responsibility of finder of goods

S.72 Liability of person to whom money is paid, or thing delivered, by mistake or under coercion

S.73 Compensation for loss or damage caused by breach of contract

S.74 Compensation for breach of contract where penalty stipulated for

S.75 Party rightfully rescinding contract, entitled to compensation

S.76 to 123 INDIAN CONTRACT ACT, 1872 76

S.124 Contract of indemnity defined

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :