Correct option is B
The interpretation clause of the Indian Contract Act, 1872, is provided in Section 2. This Section contains definitions of key terms used throughout the Act, such as "agreement," "contract," "consideration," and "proposal," among others.
Information Booster:
The interpretation clause is crucial as it provides clarity on the meanings of various terms used in the Act, ensuring consistent application of the law.
Additional Knowledge:
· Section 1: Refers to the short title, extent, and commencement of the Act.
· Section 3: Deals with communication, acceptance, and revocation of proposals.
