This is a part of lecture presented by Mr. P.C Jangir, Vice Principal of Biyani Girls College. Contract act is the branch of mercantile law. It was promulgated in 1872. Originally it included 266 sections it was divided as follow:
1. General principles of law of contract from section 1to 75.
2. Specific contracts –Sale of goods 76-123 , Indemnity and gurantee124-147
Bailment 148-181, Agency182-238, Partner Ship 239-266
In 1930 cell of goods act, partnership act 1932 were separated from it
Now the present contract acts include following
1. THE GENRAL PRICIPLES OF LAW OF CONTRACT 1-75
2. Specific contracts Indemnity and gurantee124-147, Bailment 148-181, Agency182-238
