Step 1: Understanding the Question:
The question asks for the exact date on which the Indian Contract Act, 1872, was enforced and came into operation.
Step 2: Key Legal Principles and Approach:
The date of commencement of an Act is usually mentioned in Section 1 of the statute, which details the short title, extent, and commencement.
Step 3: Detailed Explanation:
• Enactment vs. Commencement: The Indian Contract Act was enacted (received the assent of the Governor-General) on 25th April, 1872.
• However, its date of enforcement was scheduled for a later date to allow the legal system and general public to prepare for its implementation.
• Section 1 of the Act: Section 1 of the Indian Contract Act, 1872, explicitly states: "It shall come into force on the first day of September, 1872."
• This makes the Act prospective in nature, meaning it does not apply to transactions or contracts entered into prior to September 1, 1872.
• Therefore, Option (C) is the correct date of commencement.
Step 4: Final Answer:
The Indian Contract Act, 1872, came into force on the first day of September, 1872, making Option (C) the correct answer.