Indian contract law - Wikipedia Indian contract law 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. Contents 1 Definition 2 Enforcement of contracts 3 See also 4 References Definition 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. Enforcement of contracts Enforcement of contracts is a big problem in India as legal system can be slow and litigious. India is ranked 185th out of 191 countries surveyed by world bank in terms of ease of enforcing a contract. See also Australian contract law English contract law German contract law United States contract law South African contract law References Singh, Avtar ( 2013 ). Law of Contract ( 11th ed. ). Lucknow : Eastern Book Company. ISBN 978 - 93 - 5028 - 735 - 4. Jump up ^ Why Indian entrepreneurs struggle with the legal system and the bare essentials they need to know : Early - stage, pre-investment startups ( 1 ) Jump up ^ http://www.doingbusiness.org/data/exploreeconomies/india/ This article about the law of India is a stub. You can help Wikipedia by expanding it. Retrieved from `` https://en.wikipedia.org/w/index.php?title=Indian_contract_law&oldid=705039962 '' Categories : Law in India Contract law Indian law stubs Talk Contents About Wikipedia हिन्दी Edit links This page was last edited on 15 February 2016, at 04 : 03. About Wikipedia

Question: which law in india regulates the business contracts
Answer: Indian contract law