Law of Contract-I

Jamia Millia Islamia · LL.B. Semester 1

Unit I — INDIAN CONTRACT ACT, 1872

General: Literal Concept-Utility and Purpose. · Indian Contract Act, 1872: Scheme of the Act and its Salient Features-Definition of Contract-Void Contract and Voidable Contract · Formation of Contract: Offer-General and Specific Offer-Cross and Counter Offer; Acceptance-Mode of Acceptance-Communication and Revocation of Offer and Acceptance-Contract through Electronic Medium. · Intention to Create Legal Relationship/Obligations

Unit II — INDIAN CONTRACT ACT, 1872

Consideration: Definition and Essential Elements-Privity of Contract and Privity of Consideration-Exceptions-Adequacy of Consideration-Past, Executed and Executor Consideration. · Capacity to Contract: Meaning-Incapacity arising out of Status & Mental Defects; Nature of Minor’s Agreement-Effect of Minor’s Agreement as regard to Estoppel- Liability, Restitution and Notification-Accessories Supplied to a Minor- Agreements Beneficial and Detrimental to a Minor. · Principle of Free Consent: Coercion-Undue Influence-Misrepresentation-Fraud- Mistake; Unlawful Consideration and Object · Void Agreement: Meaning-Agreement without Consideration-Agreement in Restraint of Marriage-Agreement in Restraint of Trade-Agreement in Restraint of Legal Proceedings-Unmeaning Agreement-Wagering Agreement

Unit III — INDIAN CONTRACT ACT, 1872

Contingent Contract: Performance of Contingent Contract · Discharge of Contract: Performance-Impossibility of Performance-Doctrine of Frustration-By Agreement-By Breach-Anticipatory Breach-Breach during Performance · Appropriation of Payment · Quasi-Contract

Unit IV — INDIAN CONTRACT ACT, 1872

Damages · Remoteness of Damages & Measures of Damages · Penalty Clause · Quantum Meruit

Unit V — SPECIFIC RELIEF ACT

Specific Performance of Contract: Contract that can be Specifically Enforced, Persons against whom Specific Enforcement can be ordered. · Rescission and Cancellation · Injunction: Temporary-Perpetual · Declaratory Orders: Discretion and Power of the Court