- The document discusses the key aspects of contract law including the definition of a contract, essential elements for a valid contract such as offer, acceptance, consideration, capacity and legality. - It also covers types of contracts such as express, implied, unilateral, bilateral contracts and modes of their discharge such as performance, agreement, impossibility. - Remedies for breach of contract including damages, rescission, injunction and specific performance are also summarized. The document is presented by Dr. Mukesh Agarwal, an author of several books on legal topics.

1. Contract of law
By
Dr. Mukesh Agarwal

2. ,

3. Contract= Agreement+Enforcebility of the
Agreement
•An agreement
enforceable by
law is a contract.

4. Essentials of valid contract
• Plurality of parties
• Agreement
• Contractual capacity
• Free consent
• Consideration
• Certainty of meaning
• Lawful object
• Compleance of a legal formalities

5. Classification of contracts
Valid Agreement
Void contract
Voidable contract
Express contract
Implied contract
Quasi contract
Unilateral contract
Bilateral cntract

6. Proposal or Offer
• A prosal or offer is an
expression of willingness by
one person to another to enter
into an agreement on the
terms stated by him with an
intention to obtain the assent
of the other.

7. Types of offer
• On the Basis of Mode of making an offer
• Express offer
• Implied Offer
• On the basis of offerees
• Epecific Offer
• General Offer
• On the basis of nature of offer
• Cross offer
• Counter offer
• Standing offer

8. Capacity to contract
MINOR
UNSOUND PERSON
PERSON DISQUALIFIED FROM CONTRACTION BY ANY OTHER
LAW

9. Free consent
corecion
Undue
influnce
fraud
Misrepreesentation
mistake

10. consideration
• When at the desire of the promisor , the
promisee or any other person has done or
abstained from doing or does or abstains from
doing or promises to do or abstain from doing,
something, such act or abstinence or promise
is called a consideration for the promise.

11. Essentials to the consideration
• At the desire of the promisor
• It may be given by the promisee or any other
person
• It may be past, present or future
• It must not be unlawful
• It must be certain
• It shuld not be impossible

12. unlawful Legality of object
• if it is forbidden by law
• If permitted it would defeat the provisions of
any law
• if it is fraudulent
• If it involves or implies injuruy to the person
or property of another
• If the court regards it as immoral idf taahe
court regards it as opposed to public policy

13. Contigent contract
• A contigent contract is a contract in which the
promisor undertake to perform the contract
upon the happening or non happening of a
specified future uncertain event which is
collateral to the contract.

14. discharge of contract
•A contract is discharged
when parties to a contract
no longer have any
obligation under the
contract

15. Modes of discharge of contract
• By performance
• By agreement or consent
• By lapse of time
• By opertion of law
• By impossibility of performance
• By breach of contract
•

16. Remedies for Breach of Contract
• Suit for rescission of the
contract
• Suit for damages
• Suit for quantum meruit
• Suit for specific performance
• Suit for injunction

17. Quasi – contract
• A quasi contract is not a real contract
but a contract implied in law . It is an
obligation ,not created by any
promise or agreement , but imposed
by law on the ground of principle of
equity. A the principle states that no
one should have unjust benefit at the
cost of the other

18. Presented by …………….
Dr. Mukesh agarwal
Ph.D,LLM,MBA,MA ,MJ.
Author –
1-Hindu law
2-Muslim law
3- Legal and constitutional History of India
4- Consumer protection Act.
5- Mangement information system
6- Leader ship skill and mangement system
7-Drafting , Pleading and comveycing