CONTRACT-I (GENERAL PRINCIPLES OF CONTRACT)

Unit 1

(A) Meaning, Elements and Characteristics of contract. · (B) Basis of Contract. · (C) Classification of Contract, Including the standard form of contracts.

• INTRODUCTION
• Types of Contracts

Unit 2

(A) Proposal: Meaning, Elements and Characteristics of Proposal, Distinction between Proposal and Invitation of Proposal. · (B) Acceptance: Meaning, Mode and Characteristics of Acceptance. · (C) Communication, Revocation & Termination of Proposal & Acceptance.

• OFFER, ACCEPTANCE AND ITS COMMUNICATION

Unit 3 — Consideration

(A) Meaning, Definition and Elements of Consideration. · (B) Unlawful consideration and object. · (C) Concept of stranger to contract & exception of Privity of contract. · (D) Exceptions to consideration.

• Consideration
• Unlawful Object and Consideration

Unit 4 — Capacity to Contract

(A) Who cannot make a Contract, Who is minor and the place of minor under the law of Contract. · (B) Person of unsound mind, nature of contract by person of Unsound Mind. · (C) Person deprived of the capacity of contract.

• Competency of Parties

Unit 5 — Free Consent

(A) Meaning of Consent and the free Consent. · (B) Factors rendering Consent not free and their effect upon the validity of Contract.

• Free Consent

Unit 6 — Void Agreements

(A) Agreements in restraint of marriage: · (B) Freedom of trade and right to initiate legal proceedings. · (C) Agreements involving uncertainty. · (D) Wager and impossibility. · (E) Contingent contract.

• Void Agreements

Unit 7

Doctrine of Frustration

• Discharge of contract

Unit 8

Certain relations resembling to those created by Contract (Quasi -Contract).

Unit 9 — Performance of Contract

(A) Who is liable to perform joint rights and joint liability and performance of reciprocal promises? · (B) Time, Place and Manner of Performance. · (C) Discharge from liability to perform the contract. · (D) Novation

• Performance of Contract
• Discharge of contract

Unit 10 — Breach of Contract

(A) Concept. · (B) Remedies for breach of contract- · (C) Damages - Measure of damages and remoteness of damages

• Breach of Contract
• Types of Damages & Remedies for Breach

Unit 11

Specific Relief Act 1963. · (A) Specific Relief · (B) Specific Performance of Contract · (C) Rescission of Contracts · (D) Cancellation of Instruments · (E) Declaratory Decree, Needs, objects · (F) Injunctions

• Origin of Specific Relief as Equitable Relief
• Declaratory Decree
• Injunctions
• 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