1.5 Historical Development of the Law of Contract in Nepal

Before 2023 B.S.: the Muluki Ain 1910's transaction chapters (the Lendenko Mahal, Prarambhikko Mahal, Naso Dharotko Mahal — the loan-and-security chapters of the classical Ain); the custom-and-usage regime; The Contract Act, 2023 B.S. (1966): the first separate contract statute — the Indian Contract Act 1872's structural cousin; The Contract Act, 2056 (2000): the modern statute — the general contract law + the nominate contracts; the consideration doctrine's codification; the judicial era's base (the prescribed cases' earlier vintage decided under it); The Muluki Civil Code, 2074 (in force Bhadra 1, 2075 / 17 August 2018): Part V — the contract-and-obligations law unified into the Code (the Contract Act 2056 repealed) — the current law of this course.