Introduction to Contract Law in India
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About this ebook
Contract Law is an important branch of law that governs contracts. They are essential to most or all commercial transactions.
In this book, we discuss what is a contract, the history of contract law and the important laws in India that govern contracts, namely the Indian contract act and the sale of goods act. We also discuss the conditions for a valid or invalid contract, the elements of a contract and some special types of contracts.
It is hoped that this book might help interested people to become familiar with contract law in India.
Siva Prasad Bose
Siva Prasad Bose is an electrical engineer by profession. He is currently retired after many years of service in Uttar Pradesh Power Corporation Limited. He received his engineering degree from Jadavpur University, Kolkata and has a law degree from Meerut University, Meerut. His interests lie in the fields of family law, civil law, law of contracts, and any areas of law related to power electricity related issues.
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Introduction to Contract Law in India - Siva Prasad Bose
Contents
Dedication
Preface
Acknowledgements
Chapter 1: What is Contract Law?
Chapter 2: History of Contract Law
Chapter 3: Indian Contract Act 1872
Chapter 4: Fraud, Coercion and Undue Influence in Contracts
Chapter 5: Void, Voidable and Unenforceable Contracts
Chapter 6: Quasi Contracts
Chapter 7: Warranty
Chapter 8: Sale of Goods Act 1930
Chapter 9: Conclusion
About the Author
Other Books by Siva Prasad Bose
Dedication
This book is dedicated to the constitution of India, which is the source from which all laws in India derive.
Preface
Contract Law is an important branch of law that governs contracts. They are essential to most or all commercial transactions.
In this book, we discuss what is a contract, the history of contract law and the important laws in India that govern contracts, namely the Indian contract act and the sale of goods act. We also discuss the conditions for a valid or invalid contract, the elements of a contract and some special types of contracts.
It is hoped that this book might help interested people to become familiar with contract law in India.
Acknowledgements
While writing this book, we have gone through the following sources related to contract laws:
LexisNexis. Mulla. The Indian Contract Act by Dindhaw Fardunji Mulla. Edition 2021
Encyclopedia Britannica. Contract law. https://www.britannica.com/topic/contract-law
John D Calamari and JM Perillo. Contracts. Black Letter Outlines, Fifth edition. Thomson Reuters.
Chapter 1: What is Contract Law?
In this chapter, we will discuss the concept of contracts and contract law in brief.
1.1 What is a contract
A contract is a voluntary agreement between two or more persons to exchange something of value, called consideration. It confers certain rights and imposes certain obligations to the parties making the contract, which are enforceable by law. Both the parties mutually and freely intend to and agree to enter into the contract. In a contract, each person is legally bound to do what is promised. A party who fails to live up to the agreed promise has breached the contract.
The contract may be oral or written or executed through electronic communication such as email or fax. It may be explicitly stated or implicitly agreed via the conduct of the parties involved.
When we agree to buy something, we essentially form a legal contract. For