General Principles of Contract (Law of Contract – I)
Cochin University of Science and Technology · LL.B. Semester 1 · 20-271-0102
Unit I — Formation of Contract
Nature of contractual obligation · Theories of contract · General classification of contracts · Electronic/ Smart Contracts · Government Contracts & International Contracts · offer · its Types, Intention to create legal relationship · Acceptance · Forms, essential elements and Promise.
Unit II — Essentials of Contracts
Capacity of parties · Legal Disqualification to enter into Contracts · Minors, Persons of Unsound mind · Effects of agreement with disqualified persons · Free consent · factors vitiating free consent · Misrepresentation, coercion · and undue influence · Fraud & Mistake
Unit III — Objects of Contract
Lawful object · Void transactions · Agreements against public policy-Agreement in restraint of trade, Marriage and legal proceedings · Uncertain and Wagering agreements.
Unit IV — Consideration
Consideration · Types · Effect of contract without consideration-Exceptions
Unit V — Discharge of Contracts & Remedies
Discharge of contracts · Performance of contracts · Breach of Contracts · Types of impossibility of performance · Alterations and novation · Accord and satisfaction · Quasi contracts · Remedies for breach · Damages · general and special · Specific performance · Types · Recession and cancellation · Injunctions · Declaratory remedies