Business Law for MBA/PGDM – Chapter 1 : Contract Handwritten Notes by Joyshree Guha

Contents of PDF:

1. Indian Contract Act(1872)

2. Essential Elements of a Valid Contract

3. Distinction between Agreement and Contract

4. Classification of a Contract

5. Essentials of a Valid Offer

6. Lapse and Revocation of Offer

7. Classification of Offer

8. Acceptance

9. Legal Rules regarding a Valid Acceptance

10. Consideration

11. Essentials of a Valid Consideration

12. Exception to the rule – No Consideration, No Contract.

13. Capacity of Parties

14. Persons of Unsound Mind

15. Disqualified Persons

16. Free Consent

17. Difference between Coercion and Undue Influence

18. Difference between fraud and misrepresentation.

19. Mistake

20. Types of Mistake

21. Mistake of fact

22. Legality of Object or Consideration

23. Performance of Contract

24. Performance of Joint Promise

25. Rules regarding the performance of joint promise sec 43 and sec 44

26. Affect of Reverse of one Joint Promise

27. Reciprocal Promises

28. Types of Reciprocal Promises

29. Consequences where a party prevents promises

Business Law for MBA/PGDM – Chapter 1 : Contract Handwritten Notes by Joyshree Guha