Indian Contracts Act – CMA Foundation

CMA Foundation Syllabus 2020

Indian Contracts Act, 1872

Contract
Definition and concept of Mercantile Contracts. Proposal, Agreement, Contract. Essentials of valid Contract. Classification of Contract, Express Contract, Implied Contract, Quasi Contract, Executed Contract,  Executory Contract,  Unilateral Contract, Bilateral Contract, Valid Contract, Void Contract, Voidable Contract, Illegal Contract, Contingent Contract,

Offer and Acceptance

Proposal, Agreement, Offeror, Offeree, Promise, Agreement, , Express Offer, Implied Offer, Specific  Offer, General Offer,  Open Offer,  Cross Offer, Counter Offer, Invitation to Offer, Tender, Communication, Revocation of Offer, Communication of Revocation of Offer, Acceptance, Communication of Revocation, Communication of Revocation of Acceptance

Consideration

Classification of Consideration, Characteristics of Consideration, Contract without Consideration Stranger acting in Contract, Quasi Contract, Quantum Meruit, Uberimmae Fidei

Capacity to Contract

Minor, Person of unsound mind, Disqualified Persons, Agreement with Minor, Necessaries of Minor, Rule of Estoppel, Lunatics, Idiots, Agreement with Person of Unsound Mind.

Free Consent

Mistake, Coercion, Undue Influence, Dominating Position, Misrepresentation, Fraud

Void Agreement

Void Contracts, Void Agreements, Restitution, Voidable Contract, Unlawful Object & Consideration, Agreements opposed to Public Policy, Agreements in restraint of trade,  Agreements in restraint of Legal Proceedings, Agreements dependent on Uncertain events, Wagering Agreements, Contingent Contracts, Unlawful & Illegal Agreements, Partially Unlawful Contract, Quasi Contract,Quantum Meruit, Uberimmae Fidei,

Performance of Contract

Actual Performance, Offer to Perform, Non Performance, Joint Promise, Reciprocal Promises, Appropriation of Payments, Assignment of Contracts, Assignment by Operation of law,

Discharge of Contact

Novation, Rescission, Alteration, Remission, Waiver, Merger, Supervening Impossibility, Discharge by Lapse of Time, Discharge by Operation of Law.

Breach of Contract

Actual Breach of Contract, Anticipatory Breach of Contract, Rescission of Contract, Damages, Specific Performance, Injunction.