Section 264 The Indian Contract Act, 1872
Certainly, here's a detailed explanation:
🔷 Background of The Indian Contract Act, 1872
The Indian Contract Act, 1872 was enacted to regulate contractual relationships in India. It originally consisted of 11 chapters and 266 sections, covering a wide range of topics related to contracts including contracts, special contracts, partnership, sale of goods, indemnity, guarantee, bailment, pledge, and agency.
🔹 Current Structure of the Act
Over time, parts of the Indian Contract Act were separated into standalone laws:
| Subject | Current Law |
|---|---|
| Contract Law (General Principles) | Sections 1 to 75 of the Indian Contract Act, 1872 |
| Contracts relating to Sale of Goods | Sale of Goods Act, 1930 |
| Partnership Contracts | Indian Partnership Act, 1932 |
As a result, the Indian Contract Act now contains only Sections 1 to 75, which cover:
Offer and Acceptance
Consideration
Capacity to contract
Free Consent (coercion, undue influence, fraud, misrepresentation, mistake)
Legality of object
Void and Voidable Contracts
Contingent Contracts
Performance of Contracts
Breach of Contract and Remedies (Compensation, Penalty, etc.)
Contract Discharge (by performance, agreement, impossibility, etc.)
❌ Why Section 264 Doesn’t Exist
Originally, the Act was more comprehensive with 266 sections, but as mentioned earlier, several parts were repealed or moved into separate legislations.
Therefore, Sections after 75 no longer exist in the Indian Contract Act.
So, Section 264 is not a valid or operative part of the current Indian Contract Act.
✅ What You Can Do
If you were referring to:
A specific contractual concept, like breach, offer, or agency — let me know, I’ll direct you to the correct section.
A different Act (e.g., IPC, CrPC, Company Law) — please clarify the name of the Act.
An old legal reference mentioning Section 264 — I can help decode that.
RELATED Blog
0 comments