Question

This act governs the signing of contracts. It lays down the conditions under which promises made between parties are legally binding. The act covers the various parts of contract formation as well as the remedies available to parties in case of breach of contract.

• A. Sale of Goods Act, 1930
• B. Agricultural Produce (Grading and Marking) Act, 1937
• C. Indian Contract Act, 1986
• D. Prevention of Food Adulteration Act, 1954

Answer 1

The correct option is C

Indian Contract Act, 1986

Indian Contract Act, 1986, this act governs the signing of contracts. It lays down the conditions under which promises made between parties are legally binding. The act covers the various parts of contract formation as well as the remedies available to parties in case of breach of contract.