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(SPECIALISATION: CORPORATE LAW)

Law of Contract-I (Optional)

(LL.M. Trimester-I)

Session: July-October, 2014Course 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. Offer/Proposal: Definition,

2. Communication and Revocation of Offer

3. General/Specific offer, Invitation to treat

4. Acceptance: Definition

5. 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/effectof 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. Free Consent and Vitiating Elements

3. Coercion/Duress

4.

Undue Influence

5. Fraud

6. Misrepresentation

7. Mistake

8. Effect on Contracts influenced by any factor Vitiating Free Consent

9. Doctrine of Frustration

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Module V: Consequesnces for Breach of Contract1. 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, (28th

Edn. -2002).

2. Chitty on Contracts, Sweet & Maxwell, London, Vol. I & II, (30th

Edn.2008).

3. Cheshire, Fifoot and FurmstonesLaw of Contract, Oxford University Press (16th

Edn. -2012)4. NilimaBhadbadade, Pollock &Mulla, Indian Contract Act and Specific Relief

Acts,Butterworths India, New Delhi, Vol.I & II, (14th

Edn.- 2013)

5. P C Markanda, The Law of Contract, Lexis Nexis, (3rd

Edn. -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. (5th

Edn. -

2005)

8. M. Krishnan Nair, Law of Contracts, Orient Longman, Hyderabad, (5th

Edn.1996)

Statutes and Reports

1. The Indian Contract Act, 1872

2. Indian Majority Act, 1875

3. Guardian and Wards Act, 1890

4. Specific Relief Act, 1963

5. Limitation Act 1963

6. Information Technology Act, 2000

7. Indian Penal Code 1860

8.

Indian Evidence Act 18729. Civil Procedure Code 1908

10.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.

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