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Pretty Bhalla, Lovely Professional University Unit 1: Laws of Contract

Unit 1: Laws of Contract Notes

CONTENTS
Objectives

Introduction
1.1 Contracts
1.1.1 Offer and Acceptance
1.1.2 Privity of Contract
1.1.3 Formation of a Contract

1.2 Classification of Contracts

1.2.1 Classification of Contracts According to Formation

1.2.2 Classification According to Validity
1.3 Essential of a Valid Contract
1.4 Consent
1.4.1 Meaning of Coercion
1.4.2 Meaning of Undue Influence (S. 16)

1.4.3 Meaning of Fraud
1.4.4 Meaning of Misrepresentation
1.4.5 Meaning of ‘Mistake’
1.5 Consideration
1.6 Quasi-contracts
1.7 Agreements Declared Void (Secs.26-30)
1.8 Performance of Contract
1.8.1 Joint Performance of Promises
1.8.2 Rules regarding the Time, Place and Manner of Performance of Contracts
1.8.3 Appropriation of Payments
1.8.4 Different Modes of Discharge of Contracts
1.9 Breach of Contract
1.9.1 Anticipatory Breach of Contracts
1.9.2 Actual Breach of Contracts
1.9.3 Remedies for Breach of Contracts
1.9.4 Payment of Damages (S.75)
1.10 Summary
1.11 Keywords
1.12 Self Assessment
1.13 Review Questions
1.14 Further Readings

LOVELY PROFESSIONAL UNIVERSITY 1