Contract Act 1872
Contract Act 1872
Contract Act 1872
CONTENTS
SECTIONS
PRELIMINARY
1. Short title
Extent Commencement
Enactments repealed
2. Interpretation-clause
CHAPTER I
OF THE COMMUNICATION, ACCEPTANCE AND REVOCATION OF
PROPOSALS
3. Communication, acceptance and revocation of proposals
4. Communication when complete
5. Revocation of proposals and acceptances
6. Revocation how made
7. Acceptance must be absolute
8. Acceptance by performing, conditions, or receiving
consideration
9. Promises, express and implied
CHAPTER II
OF CONTRACTS, VOIDABLE CONTRACTS AND VOID AGREEMENTS
10. What agreements are contracts
11. Who are competent to contract
12. What is a sound mind for the purposes of contracting
13. "Consent” defined
14. "Free consent" defined
15. "Coercion" defined
16. "Undue influence" defined
17. "Fraud" defined
18. "Misrepresentation" defined
19. Viodability of agreements without free consent
19A. Power to set aside contract induced by undue influence
20. Agreement void where both parties are under mistake as to
matter of fact
21. Effect of mistakes as to law
22. Contract caused by mistake of one party as to matter of fact
23. What considerations and objects are lawful and what not
Void Agreements
24. Agreements void, if considerations and objects unlawful in part
Preamble
Whereas it is expedient to define and amend certain parts of the law relating
to contracts; It is enacted as follows:-
PRELIMINARY
Short title
Commencement
It extends to the whole of Bangladesh; and it shall come into force on the first
day of September, 1872.
Enactments repealed
Nothing herein contained shall affect 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Regulation not hereby expressly repealed, nor any usage or custom of trade,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, not inconsistent with the provisions of this
Act.
Interpretation-clause
2. In this Act the following words and expressions are used in the
following senses, unless a contrary intention appears from the context:-
(b) When the person to whom the proposal is made signifies his assent
thereto, the proposal is said to be accepted. A proposal, when accepted
becomes a promise:
(c) The person making the proposal is called the "promisor" and the
person accepting the proposal is called the "promisee":
(d) When, at the desire of the promisor, the promisee or any other
person has done or abstained from doing, or does or abstains from
doing, or promises to do or to abstain from doing, something, such act
or abstinence or promise is called a consideration for the promise:
CHAPTER I
as against the person who makes it, when it is put into a course of
transmission to the person to whom it is made, so as to be out of the power of
the person who makes it;
as against the person to whom it is made, when it comes to his knowledge.