Law of Contracts Notes, Case Laws and Study Materials

Law of Contracts Notes

Indian Contract Act, 1872 is substantive law. The object of the Act is to consolidate and amend the laws relating to the contracts.

The Indian Contract Act, 1872 come into force on the 1st of September, 1872. It contains 11 chapters and 266 sections. 

Important study material and case laws on the Law of Contracts – Click on the topics to Read

Part - I  General Principles of Contract (Secs. 1 to 75)

Module 1 - Introduction

• History of the Indian Contract Act, 1872
• Introduction of the Indian Contract Act
  
• Standard Form of Contract
• Meaning of Contract and Definitions
• Types of Agreements
• Types of Contract with Examples
• Essential Elements of a Valid Contract

Module 2 - Offer and Acceptance

• What is an Offer, Types of Offer, and Invitation to Offer
• Acceptance: Meaning, Essentials of Valid Acceptance
• Communication And Revocation of Proposal and Acceptance
• All Contracts Are Agreements But All Agreements Are Not Contracts (S.10)

Module 3 - Capacity to Contract

• The Capacity of Parties to Enter into Contract

Module 4 - Free Consent

• Meaning of Consent, Free Consent, and Vitiating Elements
• Coercion
• Undue Influence
• Difference Between Coercion and Undue Influence
• Fraud
• Misrepresentation
• Difference Between Fraud and Misrepresentation
• Mistake:- Mistake of Fact and Mistake of Law
• Difference Between Mistake of Fact And Mistake of Law

Module 5 - Consideration and Object

• Meaning of Consideration and Essentials of Valid Consideration
• Types of Consideration in Indian Contract Law
• The Doctrine of Privity of Contract: Meaning and Exceptions
• The Doctrine of Privity of Consideration Indian Contract Act
• The Doctrine of Promissory Estoppel
• The Legality of Object And Consideration - Section 23
• Agreement without Consideration is Void And Exceptions

Module 6 - Limitations on Freedom of Contract

• Types of Void Agreements
• Difference Between Void Agreement, Void Contract and Voidable Contract

Module 7 - Contingent Contracts

• Contingent Contracts: Meaning, Essentials and Examples

Module 8 - Discharge of a Contract

• Various Modes of Discharge of a Contract
• The Doctrine of Frustration of Contract - Section 56

Module 9 - Quasi–Contracts

• What is Quasi Contract: Meaning, Essentials with Examples
• The Doctrine of Unjust Enrichment
• Difference Between Tort and Quasi-Contract

Module 10 -  Remedies for Breach of Contract

• Breach of Contract: Meaning& Its Types
• Remedies to Breach of Contract
• Types of Damages under Section 73 of the Indian Contract Act
• Quantum Meruit Meaning under Indian Contract Act

Part - II   Special Contracts(Secs. 124-238)

Module 11 -  Indemnity and Guarantee

• 'Contract of Indemnity' - Meaning and Definition
• 'Contract of Guarantee' - Meaning, Definition and Essentials
• Difference Between Contract of Indemnity and Contract of Guarantee
• Kinds of Guarantee
• Rights of Surety
• Discharge of Surety

Module 12 -  Bailment and Pledge

• 'Contract of Bailment' - Meaning and Definition
• Rights and Duties of Bailer and Bailee
• 'Contract of Pledge' - Meaning and Definition
• Difference Between Bailment and Pledge

Module 13 -  Agency

• Contract of Agency
• Creation of Agency
• Types of Agents in Real Estate
• Kinds of Agents in Contract Law
• Termination of Agency
• Difference Between Sub-Agent and Substituted Agent
• Agency by Ratification

Referred Books:

• Law of Contract - Bare Act 2021 Edition Professional
• The Indian Contract Act 1872 Bare Act 2021 Edition
• Law of Contract & Specific Relief Dr Avtar Singh Latest Edition-2020
• Pollock & Mulla - The Indian Contract Act, 1872
• CONTRACT Paper  I - By R.K. Bangia [Edtion 2019 - 2020]
• CONTRACT Paper-II - By R. K. Bangia
• NOTES ON INDIAN CONTRACT ACT 1872: BEST NOTES FOR LAW STUDENTS