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Contract vs. Agreement, Element of valid contract, Offer and Acceptance ñ
Rules
regarding revocation of offer and acceptance, Standard form contract ñ a
new innovation to suit
the needs, Consideration ñ Essential elements. Exception to the Rule ñ No
consideration no
contract ñ Privity of contract and consideration, Capacity to contract,
Free consent ñ coercion,
undue influence, misrepresentation, fraud. Mistake ñ as to identity, as to
subject matter, as to
nature of promise, Legality of the object ñ void agreement, voidable
agreement, agreements
opposed to public policy ,Discharge of contract ñ modes of discharge, by
performance, by
impossibility, by agreement, by breach ,Damages ñ Rules, remoteness of
damages, measure of
damages, liquidated damages and penalty, Quasi contract or certain
relations resembling those
created by contract, Bailment ñ Duties of bailer & bailee, Law relating to
agency - types of
agency, agents responsibility and rights. |