The Contract Act P01 — Proposal, Acceptance and Consideration

contract

A Contract act is one of the principal acts governing all the contractual relations not only in the business world but also from day to day life.

A Brief History of Contract Law

Introduction — What is a contract?

The Act as enacted originally had 266 Sections, it had wide scope and

• General Principles of Law of Contract — Sections 01 to 75
• Contract relating to Sale of Goods — Sections 76 to 123
• Special Contracts — Indemnity, Guarantee, Bailment & Pledge and Agency — Sections 124 to 238
• Contracts relating to Partnership — Sections 239 to 266

At present the Indian Contract Act may be divided into two parts:

• Part 1: General Principles of Law of Contract Sections 1 to 75
• Part 2: Special kinds of Contracts such as:
  - Contract of Indemnity and Guarantee
  - Contract of Bailment and Pledge
  - Contract of Agency

An Introduction to Indian Contract Law

General Principles of Contract

Framing a Contract

There are certain basic terms and clauses that are very general and basic in nature. Such clauses form a part of every kind of contract.

Notables in construction of Term of Contract

Consideration

Contract has to be considerable to be valid:

Theory of consideration of a contract

Acceptance

Theory of Acceptance of a Contract

Notice of the Printed terms of Contract

Notice of Printed Terms of a Contract

Vivek Gupta: https://www.linkedin.com/in/vivekg-/

Follow me on Quora: https://www.quora.com/profile/Vivek-Gupta-1493

Check out my legal space here: https://easylaw.quora.com