Hello Dear CA Foundation Students,
We are Sharing With You Section List of CA Foundation Paper- 2A Business Laws Chapter :- 1 The Indian Contract Act 1872 . 😍
CA STUDY NOTES
Chapter 1: The Indian Contract Act
Contents:
The Indian Contract Act, 1872: An overview of Sections 1 to 75 covering the general nature of
contract, consideration, other essential elements of a valid contract, performance of contract, breach of contract, Contingent and Quasi Contract
The Indian Contract Act, 1872 Section List
The Indian Contract Act, 1872
Section number |
Topic |
2(a) |
Proposal |
2(b) |
Promise and acceptance |
2(c) |
Promisor and promise |
2(d) |
Consideration |
2(e) |
Agreement |
2(f) |
Reciprocal promises |
2(g) |
Void |
2(h) |
Contract |
2(j) |
Void contract |
2(i) |
Voidable contract |
4 |
Communication |
5 |
Revocation of proposal and acceptance |
6 |
Revocation of proposal |
7 |
Acceptance must be absolute |
8 |
Acceptance by conduct |
9 |
Express and implied contracts |
10 |
What agreements are contracts |
11 |
Who are competent to contract |
12 |
What is sound mind for the purpose of contracting |
13 |
Definition of consent |
14 |
Definition of free consent |
15 |
Coercion |
16 |
Undue influence |
17 |
Fraud |
18 |
Misrepresentation |
19 |
Consequences of coercion, undue influence, fraud or misrepresentation |
20 |
Bilateral mistake of fact |
21 |
Mistake of law |
22 |
Unilateral mistake of fact |
23 |
Unlawful object |
24 |
Agreement void if consideration unlawful in part |
25 |
Exceptions to no consideration no contract (agreement without consideration void unless it is in writing and registered or is a promise to compensate for something done or is a promise to pay a debt barred by the law of limitation |
26 |
Agreement in restraint of marriage, void |
27 |
Agreement in restraint of trade, void |
28 |
Agreement in restraint of legal proceedings, void |
29 |
Agreements void for uncertainty |
30 |
Agreement by way of wage void |
31 |
Definition of contingent contract |
32 |
Enforcement of contracts contingent on an event happening |
33 |
Enforcement of contracts contingent on an event not happening |
34 |
Enforcement of a contingent contract dependent on a third party |
35 |
When contracts become void which are contingent on happening of specified event within fixed time |
36 |
Agreements contingent on impossible events void |
37 |
Obligation of parties to contract |
38 |
Effect of refusal to accept offer of performance |
39 |
Effect of refusal of party to perform promise wholly |
40 |
Person by whom promise is to be performed |
41 |
Effect of accepting performance from third party |
42 |
Devolution of joint liabilities |
43 |
Any one of joint promisors may be compelled to perform |
44 |
Effect of release of one of the joint promisors |
45 |
Devolution of joint rights |
46 |
Time for performance of promise where no application is to be made and no time is specified |
47 |
Time and place for performance of promise where time is specified and no application is to be made. |
48 |
Application for performance on certain day to be at proper time and place |
49 |
Place for the performance of promise where no application to be made and no place fixed for performance |
50 |
Performance in manner or at time prescribed or sanctioned by promise. |
51 |
Promisor not bound to perform unless reciprocal promise ready and willing to perform |
52 |
Order of performance of reciprocal promises |
53 |
Liability of party preventing event on which contract is to take effect |
54 |
Effect of default as to the promise which should be performed in contract consisting of reciprocal promises |
55 |
Effect of failure to perform at fixed time in contract in which time is essential |
56 |
Agreement to do impossible act |
57 |
Reciprocal promises to do things legal and other things illegal |
58 |
Alternate promise one branch being illegal |
59 |
Application of payment where debt to be discharged is indicated (appropriation of payment where debtor specifies) |
60 |
Application of payment where debt to be discharged is not indicated |
61 |
Application of payment where neither party appropriates |
62 |
Effect of novation, rescission and alteration of contract |
63 |
Promise may dispense with or remit performance of promise |
64 |
Consequence of rescission of voidable contract (restitution) |
65 |
Obligation of person who has received advantage under void agreement or contract that becomes void. |
68 |
Claim for necessaries supplied to person incapable of contracting or on his account |
69 |
Reimbursement of person paying money due by another in payment of which he is interested |
70 |
Obligation of person enjoying benefit of non gratuitous act |
71 |
Responsibility of finder of the goods |
72 |
Liability of person to whom money is paid or thing delivered by mistake or under coercion |
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