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Indian Contract Act 1872

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THE INDIAN CONTRACT ACT (ICA), 1872
What is a contract? ,[object Object],[object Object],[object Object],[object Object]
Agreement? ,[object Object],Promise/(s ) Promise/(s) = Agreement (in exchange for)
Promise? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Acceptance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Agreements Declared Void under ICA ,[object Object],[object Object],[object Object],[object Object],[object Object]
Kinds of Contracts ,[object Object],[object Object],[object Object],[object Object]
Void Agreement vs. Void Contract ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Valid Contract ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Valid Contract ,[object Object],[object Object],[object Object],[object Object],[object Object]
Valid Contract ,[object Object],[object Object],[object Object]
Valid Contract ,[object Object],[object Object]
Void vs. Illegal Agreements Void Agreement Illegal Agreement ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Specific and General Offer ,[object Object],[object Object],[object Object],[object Object],[object Object]
Specific and General Offer ,[object Object],[object Object],[object Object],[object Object],[object Object]
Offer vs. Invitation to offer ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Special Terms in a Contract ,[object Object],[object Object],[object Object]
Cross Offers & Counter Offers ,[object Object],[object Object],[object Object],[object Object]
Contracts through Post ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
As against the proposer ,[object Object],[object Object],[object Object],[object Object]
Communication of Revocation ,[object Object],[object Object],[object Object]
[object Object],[object Object]
Claim for Damages Damages U/S Section 73 Damages U/S Section 74 Only damages naturally flowing From breach (Ordinary Damages) Special Damages (No claim for consequential loss unless in the Contemplation of the parties ( Hedley v. Baxendale Exemplary Damages Nominal Damages Pre-fixed Damages Penalty Liquidated Damages (What can be recovered is actual loss or amount prefixed, whichever is less)

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Indian Contract Act 1872

  • 1. THE INDIAN CONTRACT ACT (ICA), 1872
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  • 24. Claim for Damages Damages U/S Section 73 Damages U/S Section 74 Only damages naturally flowing From breach (Ordinary Damages) Special Damages (No claim for consequential loss unless in the Contemplation of the parties ( Hedley v. Baxendale Exemplary Damages Nominal Damages Pre-fixed Damages Penalty Liquidated Damages (What can be recovered is actual loss or amount prefixed, whichever is less)