Law of Contract (General Principles of Contract and Specific Relief)

Unit I — INTRODUCTION

1.1 Historical Background of Indian Contract Laws · 1.2 Contract: Meaning, Definition, Importance, Nature and Scope · 1.3 Essentials of Contract · 1.4 Indian Contract- Latest developments ( e-Contracts)

• INTRODUCTION
• Essential Ingredients for Enforceability (Sections 10 — 30)

Unit II — PROPOSAL AND ACCEPTANCE- AGREEMENT(S. 2-10)

2.1 Formation of an Agreement, It’s Kinds – Valid, Void, Voidable, Unlawful, illegal · 2.2 Intention to Create Legal Relationship · 2.3 Proposal and Acceptance- Their various forms, Essential Elements · 2.4 Communication and Revocation of Offer and Acceptance · 2.5 What agreements are Contracts?

• OFFER, ACCEPTANCE AND ITS COMMUNICATION
• Types of Contracts

Unit III — CAPACITY TO CONTRACT AND FREE CONSENT (S. 11 - 22)

3.1 Legal Disability to Enter into Contract · 3.2 Minors - Effects of Minors Agreement, Persons of Unsound Mind,Persons disqualified by Law · 3.3Consent and Free Consent – Definition · 3.4Vitiating Elements of Free Consent – · 3.4.1 Coercion, Doctrine of Duress · 3.4.2 Undue Influence · 3.4.3 Fraud · 3.4.4 Misrepresentation · 3.4.5 Mistake · 3.5Effect on Contracts influenced by any factor Vitiating Free Consent

• Competency of Parties
• Free Consent

Unit IV — CONSIDERATION AND OBJECT (S. 23 - 25)

4.1 Meaning and Nature of Consideration and Object · 4.2 Consideration- Its Exceptions · 4.3 Legality of Consideration and Object · 4.4 Doctrine of Privity of Contract

• Consideration
• Unlawful Object and Consideration

Unit V — LIMITATIONS ON FREEDOM OF CONTRACT (S. 23, 26 – 31)

5.1 Void Agreements · 5.1.1 Agreements in Restraint of Marriage · 5.1.2 Agreements in Restraint of Trade · 5.1.3 Agreements in Restraint of Legal Proceedings · 5.1.4Ambiguous and Uncertain Agreement · 5.1.5 Wagering Agreements – Its exceptions · 5.1.6 Agreements with Unlawful Consideration · 5.1.7 Agreements without Consideration · 5.1.8 Agreements against Public Policy · 5.2 Contingent Contracts

• Void Agreements
• Unlawful Object and Consideration
• Types of Contracts

Unit VI — DISCHARGE AND REMEDIES FOR BREACH OF CONTRACT (S. 37 – 67)

6.1 Meaning and Nature - Discharge of Contract · 6.2 Different Modes - · 6.2.1 By Performance · 6.2.2 By Agreement – Novation, Alteration, Rescission, Remission, Waiver, Accord and Satisfaction · 6.2.3 By Operation of Law – Insolvency, Merger, Alteration without consent , Death · 6.2.4 By Breach- Anticipatory Breach - Actual breach · 6.2.5 By Impossibility of Performance – Destruction of Subject Matter, Death or Personal Incapacity, Change of Law, non-existence or non-occurrence of particular state of thing, declaration of war – Doctrine of Frustration · 6.2.6 By Lapse of Time

• Performance of Contract
• Discharge of contract
• Breach of Contract

Unit VII — CERTAIN RELATION RESEMBLING THOSE CREATED BY CONTRACT (QUASI

CONTRACT) (S. 68 -72) · 7.1Concept and Classification of Quasi-Contract · 7.2 Standard form of Contract · 7.3 Government as a Contracting Party

Unit VIII — REMEDIES FOR BREACH OF CONTRACT

8.1 Remedies under Indian Contract Act (S.73 - 75) · 8.1.1 Cancellation or Rescission · 8.1.2 Restitution · 8.1.3 Quantum Meruit · 8.1.4 Damages – Types of Damages – General or ordinary, Special, Vindictive or exemplary, nominal – Remoteness and Ascertainment of Damages · 8.2 Remedies under Specific Relief Act, 1963 (S.5 – 43) · 8.2.1 Recovering possession of property · 8.2.2 Specific Performance · 8.2.3 Declaratory Decrees · 8.2.4 Injunctions · 8.2.5 Preventive Relief

• Types of Damages & Remedies for Breach
• Recession of Contract
• Cancellation of instrument
• KINDS OF RELIEF IN Specific Relief Act 1963
• Possessory Remedies
• Specific Performance of Contracts
• Declaratory Decree
• Injunctions