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1st Amity National Virtual Med Arb Competition 2022

An agreement for partnership containing a clause that a partner shall not carry on any business other than that of the firm while he is a partner is void in view of section 27 of the Indian Contract Act, 1872.

What is the relevance of consideration to the validity and performance of a contract? Indicate the different types of considerations supported by instances. In what circumstances can a valid agreement be made without consideration?

"Though consideration need not be adequate, it must be real. It must be something which is of some value in the eye of the law.” Briefly examine the statement.

Consideration | 'A', an old lady, granted an estate to her daughter 'B', with the condition that 'B' should pay an annuity of Rs. 5000/- to A’s brother, 'C'…. 'C' sues 'B' for breach of contract. Decide giving reasons. Also, refer to decided cases.

Anticipatory breach | 'A', a singer contracts with 'B', the manager of a theatre for two nights every week during the next two months. 'B' agreed to pay 'A' Rs 500/- for every night. On the sixth night, 'A' wilfully absents from the theatre, and 'B' in consequence, rescinds the contract. Are 'A' and 'B' entitled to claim any compensation? If so, for what? And under what provisions of the law?

"The parties to a contract must either perform or offer to perform their respective promises unless such performance is dispensed with or excused under the provisions of the Indian Contract Act, 1872 or of any other law.” Explain the statement in light of the provisions of the Act relating to the performance of contracts.

Reciprocal obligations | In a suit for damages for non-delivery of linseed upon a contract, the terms of which as to the payment were cash on delivery, part delivery had been made by the defendants, and a sum of Rs. 1,000/- had been paid on account, by the plaintiff. The plaintiffs then made a claim… Can the defendants rescind the contract? Decide.

Obligation of parties to contract | 'A' promises to paint a picture for 'B' by a certain day at a certain price 'A' died before the day. Whether the contract can be enforced against A’s representatives?

Anticipatory breach of contract | 'A' was due to perform a contract on 1st May 1970, but on 20th April repudiated his obligation. On 26th April, the contract became illegal through a change in the law. 'B', the other party to the contract, filed a suit for breach of contract on 30th April 1970. Discuss.

Discuss fundamental breach of contract.

What is meant by the offer of performance or tender? What conditions must be fulfilled to make it a valid tender? What are the incidents?