BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Parties to the contract
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Indian contract act
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Both (a) and (b)
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None of the above
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Detailed explanation-1: -Contract rights are those rights given to a party through a formal contract. These rights may be expressly written, such as the exclusive rights to copyrighted material. Rights may also be inferred from the contract, such as the right to fair and equal disclosure of contract material.
Detailed explanation-2: –This Act may be called the Indian Contract Act, 1872.-This Act may be called the Indian Contract Act, 1872.” Extent, Commencement.-It extends to the whole of India 1 [except the State of Jammu and Kashmir]; and it shall come into force on the first day of September, 1872.
Detailed explanation-3: -The parties to a contract must either perform, or offer to perform, their respective promises, unless such performance is dispensed with or excused under the provisions of this Act, or of any other law.