Indian Contract Act, 1872

Section 49

Effect of promise to pay a sum of money not due

⚡ Quick Answer Reference: Section 49 Contract Act

Provision: Section 49 of Contract Act
Act: Indian Contract Act, 1872
Classification: contract
Jurisdiction: India

Statutory Content

What does Section 49 of Contract Act say?

Section 49 of the Indian Contract Act, 1872, addresses the effect of a promise to pay a sum of money that is not due. According to this section, where a person has promised to pay a sum of money which is not due, the promise is void, unless the promisee has given something in exchange for the promise.

Indian StandardSection 49, Indian Contract Act, 1872

Bluebook (21st ed.)Indian Contract Act, 1872, § 49 (India)

Court Pleading StandardSection 49 of the Indian Contract Act, 1872

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 49 Contract Act

What is Section 49 of Contract Act?

Section 49 of the Indian Contract Act, 1872 (Contract Act) defines and regulates "Effect of promise to pay a sum of money not due". The section states: Section 49 of the Indian Contract Act, 1872, addresses the effect of a promise to pay a sum of money that is not due. According to this section, where a person has promised to pay ...

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