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Indian Contract Act 1872
Indian Contract Act 1872
The objective of Indian Contract Act 1872 is to ensure that all rights and obligations arising out of a contract are honoured, and that legal remedies are available to those who are wronged

The objective of Indian Contract Act 1872 is to ensure that all rights and obligations arising out of a contract are honoured, and that legal remedies are available to those who are wronged.

According to this act, a "contract" is an agreement enforceable by law.

Agreements that are not enforceable by law are not contracts.

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