Law of Contract - I
Hidayatullah National Law University · LL.B. Semester 1 · LLB-C-107
Unit I — FORMATION OF AN AGREEMENT
Theories of Contractual Relationship · Concept of Agreement, Contract and intention to create legal obligation · Types of Contracts · Offer/Proposal and Acceptance · Communication of offer and Acceptance · Revocation and modes of revocation of Offer and Acceptance
Unit II — CONSIDERATION
Consideration and its importance. · Exceptions to consideration · Doctrine of privity of contract and Privity of consideration and its exceptions · Present and past consideration · Unlawful consideration and its effects
Unit III — CAPACITY TO CONTRACT
Legal Disability to Enter into Contract-Minority, Unsound Mind and Persons disqualified by Law · Nature of Minor’s Agreement under India Law and English Law · Effects of Minors Agreement · Liability for Necessaries Supplied to the Minor.
Unit IV — FREE CONSENT
Introduction to Free Consent & Its importance in Contract · Coercion · Undue Influence · Fraud · Misrepresentation · Mistake
Unit V — REGULATIONS AND LIMITATIONS ON FREEDOM OF CONTRACT
Legality of Object / Void & Voidable Contracts · Agreements against Public Policy · Agreement without considerations · Agreement in Restraint of Marriage / Trade / Legal Proceedings / · Uncertain Agreements & Wagering Agreements · Contingent Contracts
Unit VI — PERFORMANCE OF CONTRACT
Rules regarding Performance of Contracts · Joint Promisors · Doctrine of Frustration / Impossibility of Performance · Quasi contracts & its performance
Unit VII — DISCHARGE OF CONTRACT
Discharge by Mutual Consent - i.e., Novation, Remission, Accord & Satisfaction · Discharge by Breach - Actual & Anticipatory Breach
Unit VIII — REMEDIES FOR BREACH OF CONTRACT
Remedies under Indian Contract Act: · Damages / Types of Damages / Principles governing Ascertainment of Damages. · Remedies under Specific Relief Act · Specific Performance · Injunctions · Recision