May 8, 2021

Law of Contracts Notes, Study Materials and Case Laws

Contract law

Law of Contracts dealing with matters relating to Contracts. A contract is made when an agreement becomes enforceable by law. There is no legal obligation as long as it is a mere agreement. Once the agreement becomes a contract, there is a legal obligation by parties involved.

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This article provides Indian Contract Act, 1872 notes with case lawsThe Act provides provisions for relating to Contracts. As a learner, you can consider it as a free, online, and self-placed course. As a competitive exams aspirant, you will find it perfect for Judicial Service Exams, UPSC CSE Law Optional, etc. And as a reader, this article on Law of Contracts notes is sufficient for you to learn or research on Indian Contract Act, 1872!

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Introduction to Law of Contracts

To read notes on ‘Introduction to Law of Contracts’ for below mentioned points, Click Here.
  • Meaning, Nature and Types
  • Indian Contract Act, 1872
  • Major Definitions under Indian Contract Act, 1872.

Agreement under Indian Contract Act (Section 2 to 9, Indian Contract Act)

To read notes on ‘Agreement under Indian Contract Act’ for below mentioned points, Click Here.
  • Formation of an Agreement
  • Intention to Create Legal Relationship
  • Doctrine of Promissory Estoppel
  • Standard Form Contracts or Contracts of Adhesion
  • Proposal and Acceptance-Their various forms, Essential Elements
  • Counteroffer
  • Communication
  • Revocation- Mode of Revocation of Offer

Capacity to Contract under Indian Contract Act (Sections: 10, 11, 12, 64, 65, 68)

To read notes on ‘Capacity to Contract under Indian Contract Act’ for below mentioned points, Click Here.
  • What agreements are Contracts ( S.10 )
  • Legal Disability to Enter into Contract
  • Position of minor in Contract
  • Position of persons of Unsound Mind
  • Position of persons disqualified by Law

Free Consent (Sections 13 to 22, Indian Contract Act )

Consideration under Indian Contract Act (Section 23, 24 & 25 Indian Contract Act)

To read notes on ‘Consideration under Indian Contract Act’ for below mentioned points, Click Here.
  • Meaning and Nature of Consideration – NudumPactum
  • Doctrine of Privity of Contract and of Consideration- Its Exceptions
  • Exceptions of consideration
  • Adequacy of Consideration: Present, Past and Adequate Consideration
  • Unlawful Consideration and its Effect.
  • Indian Contract Act, 1872: Sections 2(d), 2(f), 23 and 25

Limitations on Freedom of Contract (Ss. 23, 26 – 31, Indian Contract Act)

To read notes on ‘Limitations on Freedom of Contract’ for below mentioned points, Click Here.
  • Legality of Object
  • Void and Voidable Agreements
  • Agreements against Public Policy
  • Agreements with Unlawful Consideration
  • Agreements without Consideration
  • Agreements in Restraint of Marriage
  • Agreements in Restraint of Trade
  • Agreements in Restraint of Legal Proceedings
  • Ambiguous and Uncertain Agreements
  • Wagering Agreements – Its exceptions
  • Contingent Contracts

Quasi – Contracts and Unjust Enrichment (Section 68 to 72, Indian Contract Act)

To read notes on ‘Quasi – Contracts and Unjust Enrichment’ for below mentioned points, Click Here.
  • Doctrine of Unjust Enrichment
  • Concept and Classification of Quasi Contracts

Discharge of a Contract (Section 37 to 67, Indian Contract Act)

To read notes on ‘Discharge of a Contract’ for below mentioned points, Click Here.
  • By Performance
  • Performance by Joint Promisors
  • Discharge by Novation – Remission
  • Accord and Satisfaction
  • Discharge by Impossibility of Performance – Doctrine of Frustration
  • Discharge by Breach – Anticipatory Breach – Actual breach
Clayton’s Rule of Appropriation of Payments

Remedies for the Breach of Contract (Ss. 73, 74 & 75)

To read notes on ‘Remedies for the Breach of Contract’ for below mentioned points, Click Here.
  • Damages,
  • Types of Damages,
  • Remoteness of damages,
  • Ascertainment of Damages
  • Doctrine of Quantum Merit

Contract of Indemnity

To read notes on ‘Contract of Indemnity’ for below mentioned points, Click Here.
  • Concept and definition of Indemnity,
  • Nature and extent of liability of the indemnifier
  • Commencement of liability of the indemnifier

Contract of Guarantee under Indian Contract Act

To read notes on ‘Contract of Guarantee’ for below mentioned points, Click Here.
  • The concept and fefinition of guarantee
  • Basic essentials for a valid guarantee contract
  • Continuing guarantee
  • Nature of surety’s liability
  • Duration and termination of such liability
  • Rights of surety,
  • Position of surety in the eye of law
  • Co-surety and manner of sharing liabilities and rights, Extent of surety’s liability, Discharge of surety’s liability.

Bailment under Indian Contract Act

To read notes on ‘Contract of Bailment’ for below mentioned points, Click Here.
  • Concept of Bailment
  • Manner Of Creation Of Contract of Bailment
  • Identification Of Contract Of Bailment In Day To Day Life
  • Rights and Duties of Bailor and Bailee
  • Finder Of Goods As A Bailee
  • Rights and Liabilities of Finder Of Goods

Pledge under Indian Contract Act

To read notes on ‘Contract of Pledge’ for below mentioned points, Click Here.
  • Definition of pledge under the Indian contract Act
  • Rights and Duties of the pawner and pawnee
  • Pownee’s right of sale as compared to that of an ordinary bailee
  • Pledge: comparison with bailment

Agency under Indian Contract Act

Contract of Agency under Indian Contract Act

To read notes on ‘Contract of Agency’ for below mentioned points, Click Here.
  • Agency under Indian Contract Act
  • Kinds of agents and agencies
  • Distinction between agent and servant
  • Essentials of an agency transaction
  • Various methods of creation of agency
  • Delegation

Rights and Duties in an Agency under Indian Contract Act

To read notes on ‘Rights and Duties in an Agency’ for below mentioned points, Click Here.
  • Rights of an Agent
  • Duties of an Agent

Termination of Agency under Indian Contract Act

To read notes on ‘Termination of Agency’ for below mentioned points, Click Here.
  • Termination of Agency
  • Methods of termination of agency contract
  • Liability of the principal and agent before and after such termination

For notes on other subjects, click here.

For case briefs and analysis, click here.

Note:

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