Law of Contract
University of Kerala · LL.B. Semester 1 · Paper II
Unit I
General features of Contracts · classification · Historical Development Formation of contracts with special reference to the different aspects of offer and acceptance · Consideration · Privity of contracts · Charitable subscriptions Consideration and discharge of contracts · Doctrine of accord and satisfaction
Unit II
Capacity of parties · Minority · Indian and English Law · Mental incapacity · Drunkenness · Other incapacities like political status and corporate personality · Factors invalidating contracts like, mistake, coercion, undue influence, fraud, misrepresentation and unlawful object, immoral agreements and those opposed to public policy · Consequences of illegality
Unit III
Void agreements and voidable contracts · Legal proceedings and uncertain agreements · Wagering agreements · contingent contracts · Performance of contracts · privity of contracts and its limitations · Assignment of liabilities and benefits · Time and place of performance · Reciprocal promises · Appropriation of payments · Contracts which need not be performed
Unit IV
Breach and impossibility · Meaning of Breach · Anticipatory breach · strict performance · Impossibility of performance and doctrine of frustration · Effect of frustration · discharge of contract by operation of law · Damages · Nature and meaning of Rule in Hadley’s case · penalty and liquidated damages
Unit V
Quasi-contracts · Nature and basis of Quasi-contracts · Quantum meruit · Specific Relief · General Principles · Parties in relation to specific performance · Specific performance of part · Rescission, rectification and cancellation · Preventive relief by way of injunction