LAW OF CONTRACT - I

Course Code: Course Objective:

Whatever may be the nature of a given society, the contractual relations, as are obtained in that society, are governed by certain principles which are more or less of a general and basic nature. In India these general principles are included in the statute of the Indian Contract Act. 1872. This course is designed to acquaint a student with the conceptual and operational parameters of these various general principles of contractual relations. Specific enforcement of contract is an important aspect of the law of contracts. Analysis of the kinds of contracts that can be specifically enforced and the methods of enforcement forms a significant segment of this study.

ILB 106

Credit Units: 04

Course Contents:
Module I: Formation of Contract Meaning and nature of contract, Offer / Proposal (Definition, Communication, Revocation, General/Specific offer, Invitation to treat), Acceptance (Definition, Communication, Revocation, Tenders / Auctions). EContract Module II: Consideration and Capacity Consideration (Definition, Essentials, Privity of contract), Capacity to enter into a contract (Minors position, Nature / effect of minors agreements). Module III: Validity of Contract Unlawful consideration and object, Free Consent, Coercion, undue influence, Misrepresentation, Fraud, Mistake, Contingent contract, Quasi contracts, Effect of void, voidable, valid, illegal, unlawful and uncertain agreements contracts. Module IV: Discharge and Performance of Contract Discharge of Contracts, Performance, Time and Place of performance, Impossibility of performance and frustration, Breach Anticipatory & Present. Module V: Remedies Damages, Remoteness etc., Injunction, Specific performance, Quantum Merit. Module VI: Specific Relief Act, 1963 Recovery of property, Specific performance of contracts, Rescission Injunctions: Temporary and Perpetual, Mandatory.

of

Contract,

Declaratory

Decree,

Examination Scheme:
Components Weightage (%) P/S/V 10 CT 10 A 5 C 5 EE 70

Text & References:

Anson - Law of Contract Pollock and Mulla - Indian Contract Act Avtar Singh - Indian Contract Act Bangia - Law of Contract and Specific Relief Cheshire and Fifoot - Law of Contract.