CA Foundation Exam > CA Foundation Videos > The Indian Contract Act 1872 - CA CPT
The Indian Contract Act 1872 - CA CPT Video Lecture - CA Foundation
FAQs on The Indian Contract Act 1872 - CA CPT Video Lecture - CA Foundation
| 1. What is the Indian Contract Act 1872? |  |
Ans. The Indian Contract Act 1872 is a legislation enacted by the Indian government that governs contracts in India. It defines the rules and regulations related to contracts, their formation, enforcement, and breach. This act applies to all the states and union territories of India and is based on the principles of English common law.
| 2. What is the significance of the Indian Contract Act 1872 in CA CPT CA Foundation exam? | |
Ans. The Indian Contract Act 1872 holds great importance in the CA CPT CA Foundation exam. It is one of the key topics covered in the syllabus and understanding its provisions and concepts is crucial for scoring well in the exam. Questions related to contract formation, offer and acceptance, consideration, capacity to contract, and other aspects of the act are frequently asked in the exam.
| 3. What are the main provisions of the Indian Contract Act 1872? | |
Ans. The Indian Contract Act 1872 contains various provisions that govern contracts. Some of the main provisions include:
- Definition and classification of contracts
- Essentials of a valid contract (offer, acceptance, consideration, intention to create legal relations, etc.)
- Rules for communication, acceptance, and revocation of proposals
- Contingent contracts and their rules
- Contracts with minors and persons of unsound mind
- Performance and discharge of contracts
- Breach of contract and remedies available
These provisions form the foundation of contract law in India.
| 4. How does the Indian Contract Act 1872 protect the rights of parties involved in a contract? | |
Ans. The Indian Contract Act 1872 provides a legal framework that protects the rights of parties involved in a contract. It ensures that contracts are entered into voluntarily, with the free consent of both parties. It also establishes remedies for breach of contract, such as damages, specific performance, and injunctions. The act also sets out rules for the performance and discharge of contracts, ensuring that parties fulfill their obligations and are not unjustly deprived of their rights.
| 5. Can you give an example of a case that falls under the Indian Contract Act 1872? | |
Ans. One example of a case that falls under the Indian Contract Act 1872 is a scenario where Party A offers to sell a car to Party B for a certain price, and Party B accepts the offer. Both parties agree on the terms and conditions of the sale, including the mode of payment and delivery date. If either party fails to fulfill their obligations as per the contract, the other party can seek legal remedies under the act. This case would involve the formation of a contract, offer and acceptance, consideration, and performance of the contract, all of which are governed by the Indian Contract Act 1872.
Related Exams
About this Video
|
4.91/5 Rating |
|
Nov 13, 2024 Last updated |
The Indian Contract Act 1872 - CA CPT for CA Foundation2024 is part of CA Foundation preparation. The notes and questions for The Indian Contract Act 1872 - CA CPT
have been prepared according to the CA Foundation exam syllabus. Information about The Indian Contract Act 1872 - CA CPT covers all important topics
for CA Foundation2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises
and tests below for The Indian Contract Act 1872 - CA CPT.
Introduction of The Indian Contract Act 1872 - CA CPT in English is available as part of our CA Foundation preparation & The Indian Contract Act 1872 - CA CPT in Hindi
for CA Foundation courses. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by
signing up for free.
Description
Video Lecture & Questions for The Indian Contract Act 1872 - CA CPT Video Lecture - CA Foundation - CA Foundation full syllabus preparation | Free video for CA Foundation exam.
Information about The Indian Contract Act 1872 - CA CPT
Here you can find the The Indian Contract Act 1872 - CA CPT defined & explained in the simplest way possible. Besides explaining types of The Indian Contract Act 1872 - CA CPT
theory, EduRev gives you an ample number of questions to practice The Indian Contract Act 1872 - CA CPT tests, examples and also practice CA Foundation tests.
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Important questions
,Exam
,The Indian Contract Act 1872 - CA CPT Video Lecture - CA Foundation
,Previous Year Questions with Solutions
,The Indian Contract Act 1872 - CA CPT Video Lecture - CA Foundation
,Summary
,Viva Questions
,The Indian Contract Act 1872 - CA CPT Video Lecture - CA Foundation
,MCQs
,past year papers
,Extra Questions
,Objective type Questions
,Semester Notes
,mock tests for examination
,video lectures
,Sample Paper
,practice quizzes
,Free
,ppt
,shortcuts and tricks
,study material
;
Study The Indian Contract Act 1872 - CA CPT on the App
Students of CA Foundation can study The Indian Contract Act 1872 - CA CPT alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the The Indian Contract Act 1872 - CA CPT,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of The Indian Contract Act 1872 - CA CPT is prepared as per the latest CA Foundation syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup