What is Section 171 of the contract?

Asked by: Maia Nitzsche Jr.  |  Last update: February 11, 2026
Score: 4.5/5 (43 votes)

"Section 171 of the contract" isn't universal; it refers to different laws, but commonly points to Section 171 of the Indian Contract Act, 1872, granting bankers, factors, etc., a general lien to hold goods for unpaid balances, or to state laws like Florida's regarding confidential data security (501.171) or liquidating contracts (663.171). To know what your contract's Section 171 means, you must check the specific law or statute it references, as it varies by jurisdiction and context (e.g., Indian law vs. Florida statute).

What is Section 171 of the contract Act?

Bankers, factors, wharfingers, attorneys of a High Court and policy-brokers may, in the absence of a contract to the contrary, retain as a security for a general balance of account, any goods bailed to them; but no other persons have a right to retain, as a security for such balance, goods bailed to them, unless there ...

What is Section 171 of the company Act?

The provisions under Section 171 play a crucial role in ensuring transparency and accountability in corporate governance. By granting members the right to inspect key corporate records, the law aims to: Promote transparency in the company's operations and decision-making processes.

What is Section 171 of the Local Government Act?

171 General power of entry

For the purpose of doing anything that the local authority is empowered to do under this Act or any other Act, a local authority may enter any land or building other than a dwellinghouse.

What is Section 171 of the Income Tax Act?

171. (1) A Hindu family hitherto assessed as undivided shall be deemed for the purposes of this Act to continue to be a Hindu undivided family, except where and in so far as a finding of partition has been given under this section in respect of the Hindu undivided family.

What is Lien I General & Particular Lien I Sec 170 & 171 of Contract Act, 1872

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Who is exempt from 1% cash payment in GST?

The following category of tax persons are exempted from payment of 1% of GST in Cash 1. Registered taxpayers who have paid income tax above Rs 1.00 in Income Tax during the last two years continuously 2. Taxpayers who have zero-rated supplies without payment of duty and claimed refund of more than Rs 1.00 lac 3.

Which services are blocked under section 17-5?

Section 17(5) – The following items are ineligible and thus, no credit can be claimed on such purchases.

  • Motor vehicles and conveyances. ...
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Can a police officer come onto your property?

The answer is yes; in some cases, police can enter your property without your permission or a warrant, but not just because they want to. Understanding these specific exceptions is crucial for protecting your rights under California law.

What is the local government act 1976 act 171?

The Local Government Act 1976 (Malay: Akta Kerajaan Tempatan 1976) is an Act of the Parliament of Malaysia, which was enacted to revise and consolidate the laws relating to local government.

What is Section 171 of the Cgst act?

Q 3. What are the statutory provisions of anti-profiteering in GST law? Ans. Section 171 of CGST Act, 2017, provides that any reduction in rate of tax on any supply of goods or services or the benefit of input tax credit shall be passed on to the recipient by way of commensurate reduction in prices.

What rights does a 75% shareholder have?

A 75% shareholder has near-complete control, able to pass special resolutions for fundamental changes like altering company articles, changing the name, reducing capital, or voluntary winding up, and can also pass all ordinary resolutions (like appointing/removing directors). This supermajority control allows them to direct significant corporate actions, including mergers, acquisitions, and share allotments, essentially overriding any minority shareholder objections on these key issues.
 

What is Section 171 I?

171-I. Failure to keep election accounts. —Whoever being recruited by any law for the time being in force or any rule having the force of law to keep accounts of expenses incurred at or in connection with an election fails to keep such accounts shall be punished with fine which may extend to five hundred rupees.]

What is Section 171 of the Insolvency Act?

(1) This section applies with respect to the removal from office and vacation of office of the liquidator of a company which is being wound up voluntarily. decision procedure instigated] specially for that purpose in accordance with the rules.

What are the three elements of a legally enforceable contract?

The basic elements required for the agreement to be a legally enforceable contract are:

  • Mutual assent (offer and acceptance)
  • Consideration (something of value is exchanged)
  • Capacity (e.g., minimum age, sound mind)
  • Legality (lawful purpose)

Who is entitled to general lien?

Bankers, factors, policy brokers and attorneys of law have a general lien in respect of goods which come into their possession during the course of their profession. security to the second loan towards the first loan which is yet to be repaid.

What constitutes a breach of contract?

A breach of contract is when one party in a legally binding agreement fails to perform their promised obligations, such as not delivering goods, missing payment deadlines, or providing substandard work, without a valid legal excuse. This failure creates a legal claim for the harmed party, who can then seek remedies like monetary damages to be put in the economic position they would have been in if the contract were fulfilled. Breaches can range from minor (e.g., slight delay) to major (material breach), affecting the severity of the consequences.
 

Who enforces local government acts?

The city manager is appointed by the city council to enforce ordinances, direct daily city operations, prepare the city budget, and implement the council's policies and programs.

What is the local government Contract Act?

This Act provides a legal framework enabling local authorities to enter into specific, long-term contracts with private companies for the provision of services, construction works, or both. It grants local governments the authority to create binding agreements which often involve significant financial undertakings.

Can local government acts be challenged in court?

Existing law relating to standing breaks down conveniently into four categories: private interest, public interest, taxpayer suits, and third-party standing. Essentially, plaintiffs are allowed into court to challenge state or local government action if they can satisfy the criteria for any one of these categories.

What happens if I don't answer the door for cops?

If police knock and you don't answer, you generally don't have to open the door or talk unless they have a valid warrant, as you have a Fourth Amendment right against unreasonable searches. Not answering is not a crime, but if officers have a warrant (search or arrest) or see something illegal in plain view, they can force entry; remaining silent or saying "no" is different from physically obstructing them, which can lead to charges like resisting arrest. 

What is an example of police violating civil rights?

Police civil rights violations include excessive force, false arrest/imprisonment, unreasonable searches and seizures, malicious prosecution, racial profiling, failure to provide medical care, coerced confessions, and sexual misconduct/assault, violating constitutional rights like the Fourth, Fifth, and Fourteenth Amendments, often addressed through laws like 42 U.S.C. § 1983. 

Can you sue a police officer for trespassing?

Filing the Lawsuit

Once your government claim is either rejected or unresolved within 45 days, you can file a lawsuit. The suit should be filed in the appropriate California court, and it must detail the alleged trespassing, the legal basis for the claim, and the damages you are seeking.

What is the exemption for Section 17?

A government employee can claim tax exemption under Section 17 (2) of the Income Tax Act, whichever is the least, 1/5th of the basic salary, the amount received in the form of allowance or 5,000. All other employees are still liable to pay tax for entertainment allowance.

What is ineligible as per Section 17 5?

As per clause (a) of Section 17 (5), ITC is not allowed on the purchase, leasing, renting, or hiring of motor vehicles unless they are used for business purposes. Ineligible Transactions: Purchase of cars, bikes, or other vehicles for general business use. Leasing or renting of vehicles for employee transportation.