LAW OF CONTRACT – I

Kakatiya University · LL.B. Semester 1 · P-I

Unit I

Definition and essentials of a valid Contract · Definition and essentials of valid Offer · Definition and essentials of valid Acceptance · Communication of Offer and Acceptance · Revocation of Offer and Acceptance through various modes including electronic medium · Consideration · salient features · Exception to consideration · Doctrine of Privity of Contract · Exceptions to the privity of contr act · Standard form of Contract · e-contracts · Formation and Issues

Unit II

Capacity of the parties · Effect of Minor's Agreement · Contracts with insane persons and persons disqualified by law · Concepts of Free Consent · Coercion · Undue influence · Misrepresentation · Fraud · Mistake · Lawful Object · Immoral agreements and various heads of public policy · illegal agreements · Uncertain agreements · Wagering agreements · Contingent contracts · Void and Voidable

Unit III

Discharge of Contracts · By performance · Appropriation of payments · Performance by joint promisors · Discharge by Novation · Remission · Accord and Satisfaction · Discharge by impossibility of performance (Doctrine of Frustration) · Discharge by Breach · Anticipatory Breach · Actual breach

Unit IV

Quasi Contract · Necessaries supplied to a person who is incapable of entering into a contract · Payment by an interested person · Liability to pay for non-gratuitous acts · Rights of finder of lost goods · Things delivered by mistake or coercion · Quantum meruit · Remedies for breach of contract · Kinds of damages · liquidated and un-liquidated damages and penalty · Duty to mitigate

Unit V

Specific Relief · Recovering possession of property · Specific performance of the contract · Rectification of instruments · Rescission of contracts · Cancellation of instruments · Declaratory Decrees · Preventive Relief · Injunctions · Generally · Temporary and Perpetual injunctions · Mandatory & Prohibitory injunctions · Injunctions to perform negative agreement · Specific Relief (Amendment) Act, 2018 and its Implications