Contract Law

By | August 9, 2018
Contract Law

Last Updated :

The Indian Contract Act was enacted in 1872, and it came into force on September 1, 1872. This Act is based on English common law consisting of judicial precedents. The Act is not exhaustive as it does not deal with all the branches of the contract law, like contract relating to negotiable instruments, transfer of property, the sale of goods, partnership, insurance, etc.

Important articles and study material on Contract Law – Click on the link to Read

Module 1

  1. Historical evolution of contract law in India
  2. Introduction and Nature of Indian Contract Act, 1872
  3. Meaning of contract and other definition as per Indian Contract Act, 1872
  4. Types of Contract

Module 2

  1. Offer and Acceptance (Overview)
  2. Offer- Types and Invitation to Treat
  3. Acceptance
  4. Revocation- Meaning and Modes
  5. Capacity to Contract

Module 3

  1. Consent of the parties
  • Meaning and ingredients of “Free Consent”
  • Effect of Coercion, Undue Influence, Fraud, Misrepresentation
  • Effect of Mistakes

Module 4

  1. Consideration Under the Indian Contract Act 1872
  2. Exception to the Rule of Consideration
  3. Lawfulness of Consideration
  4. The Lawfulness Of Object And Consideration
  • Privity of Contract and Consideration

Module 5

  1. Voidable agreements
  2. Void agreements
  3. Wagering Agreements

Module 7

Module 8

Module 9: Performance Of Contract And Discharge

Module 10

  1. Quasi Contracts And Claim For Compensation
  • Claim for necessaries
  • Reimbursement of person paying money due by another
  • Obligation of person enjoying benefit of non-gratuitous act
  • Responsibility of finder of goods
  • Liability of person to whom money paid by mistake or under coercion

Module 11

  1. Consequences Of Breach Of Contract

Module 12


Module 13

  • Guarantee
  • Concept/Definition of Guarantee
  • Basic essentials for a valid guarantee contract
  • Nature, Duration & Termination of Surety’s liability
  • Various judicial interpretations to protect the surety
  • Co-Surety and manner of sharing liabilities and rights

Module 14

  • Bailment
  • Concept/Definition of Bailment
  • Bailment contracts in day to day life
  • Kinds of Bailment contract
  • Duties of Bailor and Bailee towards each other
  • Rights of Bailor and Bailee
  • Finder of goods as a Bailee

Module 15

  1. Pledge

Module 16

Module 17

Module 18

Partnership Act

  1. Fraud, Misrepresentation and Mistake under the Indian Contract Act
  2. Promissory Estoppel – Meaning and Explanation
  3. Surety’s Liability: Judicial Interpretation
  4. A Brief Analysis On Wagering Agreements
  5. Remedies For The Breach Of Contract
  6. Remedies available under the Specific Relief Act, 1963
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