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The Indian Contract Act, 1872 governs the law of contracts in India, outlining essential elements for a valid contract such as offer and acceptance, consideration, capacity to contract, and free consent. The Act is divided into two parts: the first part addresses general principles applicable to all contracts, while the second part focuses on specific types of contracts like indemnity, guarantee, and agency. Key distinctions are made between various types of contracts, including valid, void, voidable, and i

Author

aumasekh

Language

EN