Arbitration Law - Indian Contract Act, 1872 - Section 71

Indian Contract Act, 1872
Section 50-74

Section 50

Performance in manner or at time prescribed or sanctioned by promisee

Section 50

Performance in manner or at time prescribed or sanctioned by promisee

Section 51

Promisor not bound to perform, unless reciprocal promisee ready and willing to perform

Section 51

Promisor not bound to perform, unless reciprocal promisee ready and willing to perform

Section 52

Order of performance of reciprocal promises

Section 52

Order of performance of reciprocal promises

Section 53

Liability of party preventing event on which the contract is to take effect

Section 53

Liability of party preventing event on which the contract is to take effect

Section 54

Effect of default as to that promise which should be first performed, in contract consisting of reciprocal promises

Section 54

Effect of default as to that promise which should be first performed, in contract consisting of reciprocal promises

Section 55

Effect of failure to perform at fixed time, in contract in which time is essential

Section 55

Effect of failure to perform at fixed time, in contract in which time is essential

Section 56

Agreement to do impossible act. An agreement to do an act impossible in itself is void. Contract to do act afterwards becoming impossible or unlawful

Section 56

Agreement to do impossible act. An agreement to do an act impossible in itself is void. Contract to do act afterwards becoming impossible or unlawful

Section 57

Reciprocal promise to do things legal, and also other things illegal

Section 57

Reciprocal promise to do things legal, and also other things illegal

Section 58

Alternative promise, one branch being illegal

Section 58

Alternative promise, one branch being illegal

Section 59

Application of payment where debt to be discharged is indicated

Section 59

Application of payment where debt to be discharged is indicated

Section 60

Application of payment where debt to be discharged is not indicated

Section 60

Application of payment where debt to be discharged is not indicated

Section 61

Application of payment where neither party appropriates

Section 61

Application of payment where neither party appropriates

Section 62

Effect of novation, rescission, and alteration of contract

Section 62

Effect of novation, rescission, and alteration of contract

Section 63

Promisee may dispense with or remit performance of promise

Section 63

Promisee may dispense with or remit performance of promise

Section 64

Consequences of rescission of voidable contract

Section 64

Consequences of rescission of voidable contract

Section 65

Obligation of person who has received advantage under void agreement, or contract that becomes void

Section 65

Obligation of person who has received advantage under void agreement, or contract that becomes void

Section 66

Mode of communicating or revoking rescission of voidable contract

Section 66

Mode of communicating or revoking rescission of voidable contract

Section 67

Effect of neglect of promisee to afford promisor reasonable facilities for performance

Section 67

Effect of neglect of promisee to afford promisor reasonable facilities for performance

Section 68

Claim for necessaries supplied to person incapable of contracting, or on his account

Section 68

Claim for necessaries supplied to person incapable of contracting, or on his account

Section 69

Reimbursement of person paying money due by another, in payment of which he is interested

Section 69

Reimbursement of person paying money due by another, in payment of which he is interested

Section 70

Obligation of person enjoying benefit of non-gratuitous act

Section 70

Obligation of person enjoying benefit of non-gratuitous act

Section 71

Responsibility of finder of goods

Section 71

Responsibility of finder of goods

Section 72

Liability of person to whom money is paid or thing delivered by mistake or under coercion

Section 72

Liability of person to whom money is paid or thing delivered by mistake or under coercion

Section 73

Compensation for loss or damage caused by breach of contract

Section 73

Compensation for loss or damage caused by breach of contract

Section 74

Compensation for breach of contract where penalty stipulated for

Section 74

Compensation for breach of contract where penalty stipulated for

Section 71- Responsibility of finder of goods

A person who finds goods belonging to another, and takes them into his custody, is subject to the same responsibility as a bailee.

Indian Contract Act, 1872

Section(s)

Judgement(s) Found in :
Indian Contract Act, 1872
Section 71