Originally, the Indian Contract Act, 1872 contains all the provisions related to the Sales of Goods Act, Transfer of Property Act and the Partnership Act but now the Indian Contract Act was only deals with the provisions related to the contracts and the provisions which was related to the sale of movable property was seperated and a new Act was came into force, which was The Sales of Goods Act. The provisions related to the transfer of immovable property was seperated from the Law of Contract and a new Act was formed, which was the Transfer of Property Act. The provisions related to partnership was also seperated from the Contract Laws and a new Act came into force which deals with partnership provisions, which is Partnership Act.
Before the commencement of the Indian Contract Act, 1872, there was British Rule in India. All the matters related to the contracts was dealt with the English Common Law and the Statute Law, which came in force by the Charter Act of the English Common Law. But these English Common Laws and Statute Laws was proved inconvenient to deal with the matters related to contracts, so, the Statute of 1781 empowered the Supreme Court, which was established in Calcutta and Statute of 1797 empowered the Courts of Record, which was established in Bombay and Madras to determine the matter related to contracts between Hindus and Muslims by their personal laws. But these statutes was also failed to achieve their goals and a need of comprehensive Contract Law was felt and a Bill was introduced in the Legislature and this Bill has got the assent of the President on 25th April, 1872 and came into force on 1st September, 1872 in India.
It was also said while seperating these provisions from the Indian Contract Act that if any term is not defined in the Transfer of Property Act, Sales of Goods Act and the Partnership Act and that term is defined under the Indian Contract Act then that term has the same meaning as mention in the Indian Contract Act.
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