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The Indian Contract Act 1872 was originally divided into four parts. Sections 76–123 dealt with:
ASale of goods — later repealed and replaced by Sale of Goods Act 1930
BPartnership — replaced by Partnership Act 1932
CGeneral principles of contract
DSpecial contracts only
Answer & Solution
Correct answer: A. Sale of goods — later repealed and replaced by Sale of Goods Act 1930
1. Per OCR: "Law relating to sale of goods. [Sec. 76 – 123] - Repealed and the Sale of Goods Act, 1930 originated"
2. Sec 1-75 = general principles; Sec 124-238 = special contracts.
3. Partnership-related sections were repealed and the Partnership Act 1932 was enacted.
_Source: ICMAI BoS CMA Foundation Paper 1 (FBLC) — Paper1_07042026.pdf, Module 2 §2.1 (page 48)_
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