<P> Indian contract law regulates contract law in India . The main contract law in India is codified in the Indian Contract Act 1872 which came into effect on September 1, 1872 and is applicable in the whole country . It governs entering into contract, execution of contract, and the effects of breach of contract . </P> <P> According to Section 2 (h) of the Indian Contract Act, 1872 a contract is (i) An agreement Enforceable by law An agreement as per Section 2 (e) means a promise...or a set of promises in exchange for a promise or a set of promises . </P>

Which law in india regulates the business contracts