Credits: 2 Exam Duration: 2 Hrs Max Marks: 30 + 20 = 50
Syllabus
| Unit | Contents |
|---|---|
| I | Introduction to Law of Contract • Basic introduction to law. • Law of Contract – Meaning and Nature. • Essential elements of a Contract. • Formation of a Valid Contract. |
| II | Agreement and Contract • Definition of Agreement and Contract. • Kinds of Agreements and Contracts. • Offer and Acceptance – Essentials and Rules. • Communication and Revocation of Proposal and Acceptance. |
| III | Consideration, Capacity and Consent • Legality of Object and Consideration. • Capacity to Contract. • Consent and Free Consent. • Voidable Contracts, Void Agreements, and Contingent Contracts. |
| IV | Performance and Discharge of Contract • Performance of Contract and Appropriation of Payments. • Quasi Contracts and E-Contracts. • Modes of Discharge of Contract. • Breach of Contract – Consequences and Remedies. |
Multiple Choice Questions (MCQs): 08 Marks (1 mark each)
Home Assignments: 12 Marks
Upon completion of this course, students will be able to:
Define, distinguish, and apply the basic concepts and terminology of the Law of Contract.
Explain the processes involved in the formation of a valid contract.
Understand the concepts of consideration, capacity to contract, and consent.
Identify the rules related to performance, appropriation of payment, quasi contracts, e-contracts, and discharge of contract.
C1101 - BCOM 1 SEM 1 - INDIAN CONTRACT ACT - 1 (NEP)
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