Indian Contract Act (ICA) - Important Sections

Indian Contract Act (ICA) – Important Sections

Welcome back Today we are going to discuss some important Indian Contract Act with section to understand this is very knowledgeable and Important so must read and remember it for better knowledge and share with law students and others also.

Indian Contract Act (ICA) – Important Sections

Section 2


Section 3

 Communication, acceptance and revocation of proposals.


Section 4

 Communication when complete

Section 5

 Revocation of Proposals and acceptance.

Section 6

 Revocation how made.

Section 10

 What agreements are contracts?


Section 11

 Who are competent to contract?

Section 12

 What is a sound mind for the purposes of contracting?

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Section 13

 “Consent” is defined.

Section 14

 “Free consent” is defined.

Section 15

 “Coercion” is defined.

Section 16

 “Undue influence” is defined.

Section 17

 “Fraud” is defined.

Section 18

 “Misrepresentation” defined.

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Section 20

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

Section 21

 Effect of mistake as to the law.

Section 22

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

Section 23

 What considerations and objects are lawful, and whatnot.

Section 24

 Agreements void, if consideration is objected unlawful in part.

Section 25

 Agreement without consideration, void, unless it is in writing and registered or is a promise to compensate for something done or is a promise to pay a debt barred by limitation law.

Section 26

 Agreement in restraint of marriage, void.

Section 27

 Agreement in restraint of trade, void.

Section 28

 Agreements in restrain of legal proceedings, void.

Section 29

 Agreements void for uncertainty.

Section 30

 Agreements by way of wager, void.

Section 31 to Section 36

 CHAPTER III, Contingent Contracts.

Section 62

 Effect of novation, rescission, and alteration of contract.

Section 68 to Section 75

 CHAPTER V, Certain Relations Resembling that Created contract.

Section 124

 “Contract of indemnity” defined.

Section 125

 Right of indemnity-holder when sued.

Section 126

 “Contract of guarantee”, “surety”, “principal debtor” and “creditor”.

Section 129

 Continuing guarantee.

Section 134

 Discharge of surety by release or discharge of principal debtor. 

Section 135

 Discharge of surety when creditor compounds with gives time to or agrees not to sue, principal debtor.

Section 138

 Release of one co-surety does not discharge the other.

Section 139

 Discharge of surety by creditor’s act or omission impairing surety’s eventual remedy.

Section 148 to Section 153

 CHAPTER IX, Bailment.

Section 172

 “Pledge”, “Pawn or”, and “Pawnee” defined.

Section 173

 Pawnee’s right of retainer.

Section 176

 Pawnee’s right where pawnor makes default.

Section 182

 “Agent” and “principal” are defined.

Section 197

 Ratification may be expressed or implied


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Indian Contract Act

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