Crosscode a promise is a promise 4 puzzle help
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(ii) It must give rise to legal consequence. (i) An offer must be intended to create legal obligations and must be capable of creating legal obligations. An offer must contain the following characteristics : The word `offer' of the English Contract Law is synonymous to the word proposal of the Indian Contract Act. "When one person signifies to another his willingness to do or abstain from doing anything with a view to obtaining the assent of that other person to such act or abstinence, he is said to make a proposal." The word proposal has been defined in Section 2(a) of the Indian Contract Act as. Scope of Law of Contract thus is much more than what is provided in Act, covering inter-connected acts, regulations to control different situations.Īns.
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Therefore, Indian Contract Act though provided basic, elementary rules on the subject but are not sufficient in view of wide diversity in different Contractual relations. Similarly trade customs, usages like (a) Hindu system (b) Carriers system (c) Rules of Pre-emption etc are not inconsistent with provisions of Indian Contact Act so equally necessary. Following are some Acts, provisions of which are in fact supplemental to provisions of Indian Contract Act :. So Indian Contract Act is not exhaustive as it is practically not possible because of different aspects of business, and Industrial transactions. Section 1 of the Act makes it clear which says "Nothing herein contained shall effect the provisions of any statute, Act or Regulation, not hereby expressly repealed, nor any usage or custom of trade nor any incident of any contract, nor inconsistent with provisions of this Act." Scope of the Act :- Indian Contract Act though contains all rules and regulations on the subject but it is important to point out it is not exhaustive. Object of the Indian Contract Act :- The main object of law of contract as evident from the Preamble of Indian Contract Act, 1872, is to provide well defined uniform rules of law to control all contractual relations, so that no one be able to get unfair advantage from other. The Indian Law Commission prepared a bill on Contractual relations on 1866 and thereafter some modifications and changes were made and then "Indian Contract Act 1872" was enacted. However, necessity was felt to have a separate and comprehensive law on contractual relations in view of growth of Industry and business. To overcome this difficulty, by passing Acts separately of Supreme Court of Calcutta in 1971 and for the Supreme Courts of Bombay and Madras in 1781, provisions were made that suits relating to matters of contract were to be decided according to Personal law of parties. in different parts of country and therefore courts in India were facing various difficulties. Before passing of any codified law, there were many customs, usages and practices regarding contractual relations but there was no uniformity in such customs etc. History of Law of Contract Act :- Law of Contract in the present form has undertook a long journey.