<Tr> <Th> Date commenced </Th> <Td> 1 September 1872 </Td> </Tr> <Tr> <Td_colspan="2"> Status: In force </Td> </Tr> <P> The Indian Contract Act, 1872 prescribes the law relating to contracts in India . The Act was passed by British India and is based on the principles of English Common Law . It is applicable to all the states of India except the state of Jammu and Kashmir . It determines the circumstances in which promises made by the parties to a contract shall be legally binding and the enforcement of these rights and duties . </P> <P> The Act as enacted originally had 266 Sections, it had wide scope and included . </P>

In india the express provisions of the contract act applies to