Indian Contract Act, 1872 (Sections 1 to 75) Vocabulary Flashcards

Vocabulary flashcards mapping out key terms, definitions, section rules, cases, and mnemonics for Sections 1–75 of the Indian Contract Act, 1872.

Section 1

Short title, extent, and commencement of the Indian Contract Act, 1872

Section 2(a)

Definition of Proposal / Offer

Section 2(b)

Definition of Acceptance and Promise

Section 2(c)

Definition of Promisor and Promisee

Section 2(d)

Definition of Consideration

Section 2(e)

Definition of Agreement

Section 2(f)

Definition of Reciprocal Promises

Section 2(g)

Definition of Void Agreement

Section 2(h)

Definition of Contract

Section 2(i)

Definition of Voidable Contract

Section 2(j)

Definition of Void Contract

Section 3

Communication, acceptance, and revocation of proposals

Section 4

Completion of communication of proposal, acceptance, and revocation

Section 5

Revocation of proposals and acceptances

Section 6

Modes of revocation of a proposal

Section 7

Acceptance must be absolute and unconditional

Section 8

Acceptance by performing conditions or receiving consideration

Section 9

Express and implied promises

Section 10

What agreements are contracts / Essentials of a valid contract

Section 11

Persons competent to contract

Section 12

What constitutes a sound mind for the purpose of contracting

Section 13

Definition of Consent (Consensus ad idem)

Section 14

Definition of Free Consent

Section 15

Definition of Coercion

Section 16

Definition of Undue Influence

Section 17

Definition of Fraud

Section 18

Definition of Misrepresentation

Section 19

Voidability of agreements without free consent

Section 19A

Power to set aside contract induced by undue influence

Section 20

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

Section 21

Effect of mistake as to law

Section 22

Contract caused by mistake of one party as to matter of fact

Section 23

What considerations and objects are lawful, and what not

Section 24

Agreements void if considerations and objects unlawful in part

Section 25

Agreement without consideration is void (and its exceptions)

Section 26

Agreement in restraint of marriage

Section 27

Agreement in restraint of trade

Section 28

Agreements in restraint of legal proceedings

Section 29

Agreements void for uncertainty

Section 30

Agreements by way of wager

Section 31

Definition of Contingent Contract

Section 32

Enforcement of contracts contingent on an event happening

Section 33

Enforcement of contracts contingent on an event not happening

Section 34

Contingent contract on event dependent on future conduct of a living person

Section 35

Contingent contracts dependent on event happening or not happening within fixed time

Section 36

Agreements contingent on impossible events

Section 37

Obligation of parties to perform contracts

Section 38

Effect of refusal to accept offer of performance (Tender)

Section 39

Effect of refusal of party to perform promise wholly (Anticipatory breach)

Section 40

Person by whom promise is to be performed

Section 41

Effect of accepting performance from a third person

Section 42

Devolution of joint liabilities

Section 43

Any one of joint promisors may be compelled to perform

Section 44

Effect of release of one joint promisor

Section 45

Devolution of joint rights

Section 46

Time for performance of promise where no application is to be made and no time is specified

Section 47

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

Section 48

Application for performance on a certain day to be at proper time and place

Section 49

Place for performance of promise where no application to be made and no place fixed

Section 50

Performance in manner or at time prescribed or sanctioned by promisee

Section 51

Promisor not bound to perform unless reciprocal promisee ready and willing to perform

Section 52

Order of performance of reciprocal promises

Section 53

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

Section 54

Effect of default as to that promise which should be first performed in reciprocal promises

Section 55

Effect of failure to perform at fixed time in contract in which time is essential

Section 56

Agreement to do an impossible act (Doctrine of Frustration)

Section 57

Reciprocal promise to do things legal and also other things illegal

Section 58

Alternative promise, one branch being illegal

Section 59

Application of payment where debt to be discharged is indicated (Appropriation by debtor)

Section 60

Application of payment where debt to be discharged is not indicated (Appropriation by creditor)

Section 61

Application of payment where neither party appropriates (Appropriation by order of time)

Section 62

Effect of novation, rescission, and alteration of contract

Section 63

Promisee may dispense with or remit performance of promise (Remission)

Section 64

Consequences of rescinding a voidable contract

Section 65

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

Section 66

Mode of communicating or revoking rescission of voidable contract

Section 67

Effect of neglect of promisee to afford promisor reasonable facilities for performance

Section 68

Claim for necessaries supplied to person incapable of contracting

Section 69

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

Section 70

Obligation of person enjoying benefit of non-gratuitous act

Section 71

Responsibility of finder of goods

Section 72

Liability of person to whom money is paid or thing delivered by mistake or under coercion

Section 73

Compensation for loss or damage caused by breach of contract

Section 74

Compensation for breach of contract where penalty stipulated for

Section 75

Party rightfully rescinding contract entitled to compensation