Contents
CHAPTER - 1: THE INDIAN CONTRACT ACT 1872
Unit-1: Nature of Contracts
Unit Overview
What is a Contract Essentials of a Valid Contract
Types of Contract.
Proposal/Offer (Section 2(a) of the Indian Contract Act, 1872
Acceptance
Communication of Offer and Acceptance
Communication of Performance
Revocation of Offer and Acceptance
Summary.
Unit-2: Consideration
Unit Overview
What is consideration?
Legal Rules Regarding Consideration.
Suit Payments
rd Party to a Contract
Validity of an Agreement without Consideration
Summary
Unit - 3: Other Essential Elements of a Contract.
Unit Overview
Capacity to Contract
Free Consent.
Elements Vitiating Free Consent.
Legality of Object and consideration.
Void Agreements.
Summary ......
Unit - 4: Performance of Contract
Unit Overview
Obligations of parties to contracts (Section 37)
By Whom a Contract may be Performed (Section 40, and 42).
Distinction between Succession and Assignment...
Effect of Refusal to Accept Offer of Performance
Effect of a Refusal of Party to perform Promise...
Liability of Joint Promisor & Promisee.
Time and Place for Performance of the Promise.
Performance of Reciprocal Promise
Appropriation of Payments
Contracts, Which Need not be performed with the
consent of both the parties
Discharge of a Contract
Summary
Unit-8: Breach of Contract and its Remedies
Unit Overview
Anticipatory Breach of Contract
Actual Breach of Contract
5.3 Suit for Damages
Penalty and Liquidated Damages (Section 74).
Summary
Unit - 6: Contingent and Quasi Contracts
Unit Overview
Contingent Contracts
Rules Relating to Enforcement.
Quasl Contracts
Summary of indian contract act 1872
