Law of Contract

THE INDIAN CONTRACT ACT 1872 Law of Contract I 5 Year Integrated LL.B. Program Syllabus for the Mid-Term Examination Practice Questions

Masoud Zafer School of Law Sharda University Greater Noida September 11, 2012 ----------------------------------------------------------------------------------------------------------------

Review the following in conjunction with your class notes, the Bare Act, and any book of your choice from Suggested Readings at the bottom of your syllabus. Unit I Formation of contract Contract - agreement, offer, acceptance, consideration, intention to create legal relationship; Agreements - valid and void; Contracts - valid, voidable, void; Types of contracts; Offer and acceptance - types of offers, invitation to treat offers, lapse of offer; rules as to acceptance, Communication of offer and acceptance; Communication of revocation of offer and acceptance Review the following definitions: Contract - s 2(h) Agreement - s 2(e) Promise - s 2(b) Offer - s 2(a) Acceptance - s 2(b)

Legal Enforceability - s 10

Consideration Competent Parties Free Consent Lawful Object

Review the following provisions and cases: Contract

Essentials of a contract: Offer + Acceptance + Consideration + Intention to Create Legal Relations Social Agreement v Business Agreement

Void Agreement - s 2 (g)

Agreements are void because they are: Illegal Unlawful Against public policy Ss 21, 23, 25, 26, 27, 28, 29, 30, 56

Voidable Contract - 2(i)

Circumstances that create a voidable contract: Coercion - s 15 Undue Influence - s 16 Fraud - s 17 Misrepresentation - s 18 Mistake - ss 20, 21, 22

Void Contract - 2(j)

Circumstances that turn a valid contract into a void contract: Supervening impossibility - s 56 Subsequent illegality - s 56 Contingencies - s 32

Types of Contracts

i Valid Contract ii Void Contract iii Voidable Contract iv Unenforceable Contract v Express Contract vi Implied Contract vii Mixed Contract viii Constructive or Quasi Contract ix...