Law of Contract - I
Osmania University · LL.B. Semester 1 · P-I
Unit I
Definition and essentials of a valid Contract · Definition and essentials of a 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 contract · Standard form of Contract
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 contracts
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 merit · Remedies for breach of contract · Kinds of damages · liquidated and unliquidated damages and penalty- Duty to mitigate
Unit V
Specific Relief Act including 2018 Amendment- Recovering possession of property · Specific performance of the contract · As a rule enforced by court Rectification of instruments · Rescission of contracts as a rule enforced by court · Cancellation of instruments · Declaratory Decrees · Preventive Relief · Injunctions · Generally · Temporary and Perpetual injunctions · Mandatory&Prohibitory injunctions · Injunctions to perform negative agreement · Limited liability partnership (LLP) Special provision for contracts relating to infrastructure projects · Arbitration clause · A & C Arbitration and Conciliation Act. 1996 · Impact of COVID-19 on “specific performance of contracts”
- 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
- Nature of Limited Liability Partnership [Sections 2 — 10]
- The Arbitration and Conciliation Act, 1996