Which one of the following is the best statement about the Indian Contract Act?
(a) It is an exhaustive code containing the entire law of contract.
(b) It is an Act to amend certain parts of the law relating to contracts
(c) It is an Act to define certain parts of the law relating to contracts and contains only the
general principles of contract.
(d) It is not an exhaustive code containing the entire law of contracts being an Act to define
and amend certain parts of law relating to contract.

1 Answer

Answer :

(c) It is an Act to define certain parts of the law relating to contracts and contains only the
general principles of contract.

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