Contract Law in ancient India

Description

This Skill Bit talks about ancient India, where contract law was intricately woven into the socio-economic structure, drawing from diverse cultural and religious influences. Manusmriti and Arthashastra, seminal texts, delineated ethical trade practices, property rights, and contractual enforcement. Contracts, recorded on palm leaves or orally witnessed, upheld principles of honesty and integrity. Specific performance and state intervention ensured fairness, while modern Indian law, rooted in ancient ethos, reflects principles of justice and community welfare, illustrating an enduring legacy of ethical commerce and legal sophistication.

Duration approx. 5 Min.

Tier: proficiency