Section 1
Short Title And Commencement
(1) This Act may be called Contract Act, 2056 ( 2000) ‘.
(2) It shall come into force immediately.
(2) It shall come into force immediately.
Contract Act 2056 (2000)
Chapter - 2
Section 3: Person Competent To Conclude ContractsSection 4: Parties To Be AutonomousSection 5: Contract To Be Deemed To Have Been ConcludedSection 6: Place Of ContractSection 7: Processes Of Proposal And Consent To Be Deemed CompletedSection 8: Proposal Or Consent May Be CancelledSection 9: Proposal To Be Deemed CancelledSection 10: Contract According To Proposal Presented Before The PublicSection 11: Indirect ContractSection 12: Contingent Contracts
Chapter - 4
Section 15: Contracts Relating To GuaranteeSection 16: Surety’s LiabilitySection 17: Circumstance In Which Surety Will Be Free From LiabilitySection 18: Relationship Between The Surety And The DebtorsSection 19: Surety To Substitute CreditorSection 20: G Uarantee Related Viable ContractSection 21: Equal Liability Of Co-suretiesSection 22: Contract Relating To IndemnitySection 23: Provision Concerning SubrogationSection 24: Rights Of Subrogator
Chapter - 5
Section 25: Contract Relating To BailmentSection 26: Process Of Bailment To Be Deemed CompletedSection 27: Particulars Of Bailed Property To Be MentionedSection 28: Bailee’s LiabilitySection 29: Bailed Property To Be ReturnedSection 30: Person Bailing Other’s Property To Be Held ResponsibleSection 31: Found Property May Be Kept After Notifying The PoliceSection 32: Property Given For Repair And Maintenance To Be ReturnedSection 33: Bailment ExpensesSection 34: Contract Relating To Bailment To Be Void
Chapter - 6
Section 35: Contracts Relating To Collateral Or DepositSection 36: Collateral Or Deposit To Be ReturnedSection 37: Rights Of Person Obtaining Collateral Or DepositSection 38: Consequences Of Pledging Property Without Sufficient Title As Collateral Or ‘depositSection 39: Creditors To Have Equal Status
Chapter - 7
Section 40: Contract Relating To Sale Of GoodsSection 41: Contract Relating To Sale Of Goods To Be VoidSection 42: Determination Of Price Of GoodsSection 43: Price Of Goods To Be PaidSection 44: Particulars Of GoodsSection 45: Title To Be Deemed To The Goods To Be SoldSection 46: Goods To Be Deemed To Be Of Merchantable QualitySection 47: Sale Through SamplesSection 48: Provisions Concerning Transfer Of Ownership Of GoodsSection 49: Risk To Be BorneSection 50: Buyer’s Right To Inspect GoodsSection 51: Goods To Be Deemed DeliveredSection 52: Time-limit For Delivering GoodsSection 53: Documents Relating To Sold Goods To Be Handed OverSection 54: In The Event Of Delivery Of Goods In A Quality Different From The Contracted QualitySection 55: Special Provisions Concerning Compensation
Chapter - 8
Section 56: Contracts Relating To AgencySection 57: Recognition Of Transaction Made Or Carried Out By An AgentSection 58: Power To Appoint Sub-agentsSection 59: Matters To Be Complied With By AgentSection 60: Agent To Be ResponsibleSection 61: Termination Of AgencySection 62: Prohibition To Remove An AgentSection 63: Agent Prohibited From Giving Up AgencySection 64: Sub-agent Also To Leave If Agent Leaves
Chapter - 9
Section 65: Contracts Relating To TransportationSection 66: Transporter’s ObligationsSection 67: First Transporter To Be Held Responsible In Case Goods Are Transported Through Several Means Of TransportSection 68: Liability Of Transporter To Be LimitedSection 69: Transporters To Be ResponsibleSection 70: Transporter’s Liability To Be Ended
Chapter - 11
Section 74: Obligation Under Contract To Be FulfilledSection 75: Reciprocal Compliance With ContractSection 76: Devolution Of Rights And Liabilities Of ContractSection 77: Person To Execute ContractSection 78: Only The Party Shall Have Right To Execute The ContractSection 79: Contracts Need Not Executed In The Event Of Fundamental Changes In The SituationSection 80: Facilities To Be ProvidedSection 81: Contract May Be Suspended Or Altered
Chapter - 12
Section 82: Breach Of ContractSection 83: Compensation On Breach Of ContractSection 84: Compensation In The Event Of Cancellation Or Termination Of ContractSection 85: Right To Recover A Reasonable AmountSection 86: Execution Of Contract As Stipulated (specific Performance )Section 87: Power Of The Judiciary To Issue Orders