LAW OF CONTRACT – I
Rashtrasant Tukadoji Maharaj Nagpur University · LL.B. Semester 1 · 1.4
Unit I — UNIT – I
History – Formation of Contract; Agreement and Contract; Definitions & Classification · Offer and Acceptance – Communication · Revocation – Essential elements · Invitation to Offer – Tenders. · Consideration –Nudum Pactum- Essential elements – Privity of Contract and of Consideration · Exceptions – Unlawful Consideration and its effect. · Contractual Ability –– Time and Place of Contract · E-contracts- legal effect of E-contracts
Unit II — UNIT – II
Capacity to Contract · Minor‘s Agreements and its effects · Persons of unsound mind · Persons disqualified by Law. · Free Consent : Coercion - Undue influence – Misrepresentation – Fraud – Mistake · Legality of Object – Void Agreements – Agreements against Public Policy – Wagering Agreements – Its exceptions · Contingent Contracts.
Unit III — UNIT – III
Discharge of Contracts and its various Modes - by performance – Time and place of performance – Performance of reciprocal promises - Appropriation of Payments · Discharge by Agreement · By operation of Law · By frustration (Impossibility of Performance) · By Breach (Anticipatory and Actual).
Unit IV — UNIT – IV
Remedies for Breach of Contracts · Damages – Remoteness of damages – Ascertainment of damages · Injunction – When granted and when refused · Restitution · Specific performance when granted and when not granted · Quasi Contracts.