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Contract act Applicability

Is it an Act to regulate contracts not specifically covered under other statutes ?


Pranav Connecting...

Pranav Connecting...

CA Inter

4K+

19-Aug-20 20:01

34

Answers (9)

S absolutely in Business contracts.


Nithish Kumar

Nithish Kumar

CA Inter

5K+

19-Aug-20 20:32

Suppose a transfer of property taken place , is there need to follow transfer of property act only or since it is a contract , there will be need to follow contract act also.?//


Pranav Connecting...

Pranav Connecting...

CA Inter

4K+

20-Aug-20 02:26

Under ICA,1872 AGE OF MAJORITY is 18 yrs Under GUARDIANS AND WARDS ACT 1890 its 21 yrs The second one prevails for the age of majority in case of contracts executed by a person who is under the guardianship of the court of Wards.


Nithish Kumar

Nithish Kumar

CA Inter

5K+

20-Aug-20 03:38

Contract Act is applicable to all contracts


ruchi lahoti

ruchi lahoti

Moderator

20-Aug-20 10:09

Pranav Connecting...

Suppose a transfer of property taken place , is there need to follow transfer of property act only or since it is a contract , there will be need to follow contract act also.?//

You have to observe both the acts and applicable provisions. Contract act regulates the execution of contract. TP act regulates the inspection of title deeds, covenants and other allied activities relating to transfer.


Chitra Narayanan

Chitra Narayanan

CA Inter

915

20-Aug-20 19:05

Chitra Narayanan

You have to observe both the acts and applicable provisions. Contract act regulates the execution of contract. TP act regulates the inspection of title deeds, covenants and other allied activities relating to transfer.

Suppose in contract of companies like appointment of auditor etc, we will not go for contract act. In that same sense transfer of property act, So contract act will most probably an act only to cover the contract which other statutes specifically deals with, sir please help to finalise the matter.


Pranav Connecting...

Pranav Connecting...

CA Inter

4K+

20-Aug-20 19:47

http://indiankanoon.org/doc/1505357/ Allahabad High Court Dip Narain Singh vs Nageshar Prasad And Ors. on 8 November, 1929 Equivalent citations: AIR 1930 All 1, 122 Ind Cas 872 Once go through the link above


Nithish Kumar

Nithish Kumar

CA Inter

5K+

20-Aug-20 20:21

Specifically point 4


Nithish Kumar

Nithish Kumar

CA Inter

5K+

20-Aug-20 20:23

Nithish Kumar

Specifically point 4

Thank you so much Mann..


Pranav Connecting...

Pranav Connecting...

CA Inter

4K+

20-Aug-20 20:33

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