Podcast
Questions and Answers
What is considered a valid form of proposal in contract law?
What is considered a valid form of proposal in contract law?
- A mere suggestion without intention to create legal relations
- A promise made in casual conversation
- A clear indication of willingness to enter a contract (correct)
- An invitation to treat
Under what circumstances can a contract be deemed voidable?
Under what circumstances can a contract be deemed voidable?
- When the contract is for an illegal purpose
- When both parties consented freely
- When misrepresentation is used to induce consent (correct)
- When it involves a minor
What is the primary objective of the Specific Relief Act?
What is the primary objective of the Specific Relief Act?
- To award monetary damages for breach of contract
- To ensure contracts are made in writing
- To cancel contracts deemed fraudulent
- To enforce specific performance of a contract (correct)
Which of the following is NOT a characteristic of a quasi-contract?
Which of the following is NOT a characteristic of a quasi-contract?
What is meant by 'remoteness of damages' in contract law?
What is meant by 'remoteness of damages' in contract law?
Flashcards
Contract
Contract
An agreement enforceable by law where both parties agree to do or not do something specific. It is a legally binding promise between two or more parties.
Consideration
Consideration
Something of value that is exchanged between parties to create a binding contract. It can be money, goods, services, or even a promise not to do something.
Capacity to contract
Capacity to contract
The ability of a person to enter into a legally binding contract. It is generally assumed for adults, but can be restricted for minors, people with mental disabilities, or those under duress.
Undue Influence
Undue Influence
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Void Agreement
Void Agreement
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Study Notes
Contract Law - Semester 1
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Unit I: Introduction to Contract Law
- Agreement and contract definitions, elements, and types
- Proposal, acceptance, and consideration
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Unit II: Capacity and Free Consent
- Capacity to contract
- Free consent, undue influence, misrepresentation, fraud, mistake
- Unlawful considerations and objects, fraudulent
- Key terms: Void, voidable agreements, injurious to persons or property, immoral, agreements against public policy
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Unit III: Void/Voidable Agreements
- Void and voidable agreements regarding person or property, immoral, public policy
- Contracts without consideration
- Agreements in restraint of marriage or trade
- Contingent contracts, wagering contracts
- Exceptions and details of each
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Unit IV: Contractual Obligations
- Contractual obligations, remedies, discharge
- Damages, remoteness of damages, ascertainment of damages
- Government Contracts, Quasi Contractual obligations
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Unit V: Specific Relief Act
- Specific performance of contract
- Contracts that can be specifically enforced, those that cannot
- Persons against whom enforcement can be ordered
- Rescission, cancellation, injunctions (temporary, perpetual, mandatory)
- Declaratory decrees, court discretion and powers
Bibliography
- Anson's Law of Contract (27th ed., 1998)
- Introduction to the Law of Contract (1992)
- Law of Contract (2000)
- Pollock and Mulla on the Indian Contract and Specific Relief Act (1999)
- Contract I & Specific Relief Act
- Dutt on Contract (2000)
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Description
Test your knowledge on the fundamentals of Contract Law in this comprehensive quiz covering the introduction, elements, capacity, consent, and obligations involved in contracts. Explore concepts related to void and voidable agreements, and the essential terms that govern contractual relationships.
