GENERAL PRINCIPLES OF CONTRACT

Maharshi Dayanand Saraswati University · LL.B. Semester 1 · LL.B/102

Unit I

A. Meaning, Definition, Elements and Kinds of Contract including Standard form of Contract · B. Proposal/offer: Meaning, Definition, Elements and kinds of Proposal, Distinction between Proposal and Invitation to Proposal · C. Acceptance: Meaning, Definition, Modes and Characteristics of Acceptance. · D. Communication, Revocation and Termination of Proposal and Acceptance.

Unit II

A. Meaning, Definition and Elements of Consideration. · B. Significance and Adequacy of Consideration. · C. Unlawful Consideration and Object. · D. Concept of Stranger to Contract · E. Privity of Contract and of Consideration. · F. Exceptions of Consideration · G. Capacity to enter into a Contract · H. Nature and Effect of Minor‘s Agreement · I. Persons deprived of the capacity to contract

Unit III

A. Meaning of Consent and Free Consent · B. Factors rendering consent not free and their effect upon the validity of contract. · C. Void Agreements: Restraint of marriage, trade, legal proceedings, uncertainty and Wagering agreement. · D. Contingent Contract: Distinction between Wagering agreement and Contingent Contract

Unit IV

A. Discharge of contract by performance: Tender of performance, joint rights and joint liability of parties, Time, place and manner of performance, performance of reciprocal promises, novation, accord and satisfaction. · B. Discharge from liability to perform the contract: impossibility, Anticipatory breach of contract · C. Certain relations resembling contract (Quasi contract)

Unit V

A. Remedies for breach of contract: Damages- Measure of damages and remoteness of damages · B. Specific performance of contract and injunctions under Specific Relief Act,1963