Law
Of
Contract - I
For
MJPRU / GJUM / CCSU / MSU / Others
Unit I: Introduction to Contract Law and Agreement Formation
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Meaning, Nature, Purpose, Evolution, and Scope of Contract Law
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Definition and Essentials of a Valid Contract
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E-contracts
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Offer/Proposal: Definition, Communication, Revocation
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Types of Offers: General, Specific, Tenders, Auctions
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Acceptance: Definition, Communication, Revocation, Provisional Acceptance
Unit II: Essentials of a Valid Contract: Consideration and Capacity
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Consideration: Definition, Essentials, Rules governing consideration
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Exceptions to the Rule 'No Consideration, No Contract' (Section 25)
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Capacity to Contract: Minors, Persons of Unsound Mind
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Nature and Effects of Minor's Agreements
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Doctrine of Restitution
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Other persons disqualified by law to enter into contract
Unit III: Free Consent and Legality of Object
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Consent and Free Consent: Meaning and Importance
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Vitiating Factors: Coercion, Undue Influence, Misrepresentation, Fraud, Mistake (Bilateral and Unilateral)
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Lawful Object and Lawful Consideration: Meaning and Scope
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Agreements Opposed to Public Policy
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Effect of Void, Voidable, Valid, Illegal, Unlawful, and Uncertain Agreements/Contracts
Unit IV: Classification and Specific Types of Contracts
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Standard Form of Contracts
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Contingent Contracts
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Wagering Agreement
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Distinction between Agreement, Contract, and Contract Deed
Unit V: Performance, Discharge, and Breach of Contract
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Performance of Contracts: Who can demand, Who must perform, Time and Place of performance
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Discharge of Contracts: By Performance, Agreement (novation, rescission, alteration, remission), Impossibility/Frustration, Operation of Law, Breach
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Doctrine of Impossibility of Performance and Frustration of Contract
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Breach of Contract: Anticipatory Breach and Present Breach
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