Law of Contract
Mahatma Gandhi University · LL.B. Semester 2 · UL-7
Unit I
Contract-meaning and concept--when agreement becomes contract-nature of contractual obligations-distinction between tort and contract-essentials of contract-intention to create legal obligations-classification of contracts- Standard form of contracts- government contracts-e-contracts.
Unit II
Formation of contract- rules regarding proposal and acceptance- essentials-kinds of offer-invitation to treat- communication and revocation of proposal and acceptance - conclusion of e- contracts - lapse of offer-Consideration-essentials-privity of contract and privity of consideration-its exceptions-contracts without consideration-promissory estoppels.
Unit III
Capacity to contract-effect of minor’s agreement-other disqualified persons-Free Consent-factors vitiating free consent and their effect-Coercion-Undue Influence-Misrepresentation- Fraud–Mistake-Legality of object-Unlawful Agreements- Agreements opposed to public policy-Void Agreements - Agreements in restraint of marriage, trade and legal proceedings- -Wagering agreements-Contingent contacts
Unit IV
Discharge of contract-Modes of discharge-Performance of contract-rules regarding performance of contract- impossibility of performance –Discharge by breach-anticipatory breach- Discharge by agreement- novation,rescission,remission, alteration -Accord and satisfaction-Quasi contract.
Unit V
Remedies for breach of contract-rules regarding awarding of damages- general and special damages- Rule in Hadley v.Baxendale-remoteness of damage and measure of damages- Reliefs under the Specific Relief Act,1963-recovery of possession- Specific performance - rescission, rectification and cancellation of instruments - declaratory remedies- Injunctions.
- Types of Damages & Remedies for Breach
- Origin of Specific Relief as Equitable Relief
- KINDS OF RELIEF IN Specific Relief Act 1963
- Possessory Remedies
- Specific Performance of Contracts
- Contracts that cannot be specifically performed
- Substituted Performance of Contract
- Rectification of Instruments
- Recession of Contract
- Cancellation of instrument
- Declaratory Decree
- Injunctions