(SPECIALISATION: CORPORATE LAW)

Law of Contract-I (Optional)

(LL.M. Trimester-I)
Session: July-October, 2014
Course Teacher: DR. Y. PAPA RAO
Module I: Introduction
1 Historical Perspective of Law of Contract
2 Meaning, nature and types of contract
3 Scope and Significance of Law of Contract
4 Definitions discussed under the Act

Module II: Formation of an Agreement

1
2
3
4
5

Offer/Proposal: Definition,
Communication and Revocation of Offer
General/Specific offer, Invitation to treat
Acceptance: Definition
Communication and Revocation of Acceptance

Module III: Consideration and Capacity

1 Consideration: Definition and Essentials
2 Privity of Contract and its Exceptions
3 Privity of Consideration
4 Capacity to enter into a contract: Minors Position, Nature/effect of minors agreements.
5 Liability for Necessaries Supplied to the Minor or Incompetent Person
Module IV: Validity, Discharge and Performance of Contract
1

Consent Definition

2
3
4
5
6
7
8
9

Free Consent and Vitiating Elements

Coercion/Duress
Undue Influence
Fraud
Misrepresentation
Mistake
Effect on Contracts influenced by any factor Vitiating Free Consent
Doctrine of Frustration

Module V: Consequesnces for Breach of Contract

1 Rescission of Contract

2 Damages: Types of Damages, Remoteness of Damages, Ascertainment of

Damages, Liquidated Damages and Penalty
3 A Decree for Specific Performance
4 An Injunction
5 Suit on Quantum Meruit

Module VI: Miscellaneous

1. Wagering Agreements
2. Contingent Contracts
3. Quasi Contracts
4. E-Contracts
Suggested References
1. J. Beatson, Ansons Law of Contract, Clarendon Press, Oxford, (28thEdn. -2002).
2. Chitty on Contracts, Sweet & Maxwell, London, Vol. I & II, (30thEdn.2008).
3. Cheshire, Fifoot and FurmstonesLaw of Contract, Oxford University Press (16thEdn. -2012)
4. NilimaBhadbadade, Pollock &Mulla, Indian Contract Act and Specific Relief
Acts,Butterworths India, New Delhi, Vol. I & II, (14thEdn.- 2013)
5. P C Markanda, The Law of Contract, Lexis Nexis, (3rdEdn. -2012)
6. Dr. Avtar Singh, Law of Contract, EBC, Lucknow (11th Edn. 2013)
7. A. C. Mitra, Law of Contract and Specific Relief, Universal Law Publishing Co. (5thEdn.
-2005)
8. M. Krishnan Nair, Law of Contracts, Orient Longman, Hyderabad, (5thEdn. 1996)
Statutes and Reports
1
2
3
4
5
6
7
8
9
10

The Indian Contract Act, 1872

Indian Majority Act, 1875
Guardian and Wards Act, 1890
Specific Relief Act, 1963
Limitation Act 1963
Information Technology Act, 2000
Indian Penal Code 1860
Indian Evidence Act 1872
Civil Procedure Code 1908
Various reports on Law Commission of India

NOTE:(1)Make Comparative analysisof the Indian Contract Act with that of the English
Law (Common Law of England) wherever necessary.
(2) Students are also advised to refer on-line West Law resources wherever necessary.