Fundamental Principles of Law of Contract and Allied Laws Notes | LL.M. Semester 1 | Mumbai University | munotes

Contents

Module I

1. What the Law of Contract Is 1
2. Why a Promise Binds 6
3. Will Theory 11
4. Bargain and Reliance 17
5. Individualism 22
6. Freedom of Contract 27
7. Inequality of Bargaining Power 31
8. Sanctity of Contract 36
9. Encroachment on Freedom of Contract: the Statutes 41
10. Public Policy under Section 23 46
11. Agreements in Restraint of Trade, Marriage and Legal Proceedings 51
12. Wagering Agreements 57

Module II

1. Legislative Intervention 62
2. Socio-economic Factors 67
3. Limitations on Sanctity of Contract 72
4. Proposal, Promise, Agreement, Contract 77
5. Void, Voidable, Illegal and Unenforceable 82
6. The Offer 87
7. Acceptance 92
8. Consideration 97
9. Privity of Contract and Privity of Consideration 102
10. Capacity to Contract 107
11. Free Consent: Coercion 112
12. Undue Influence 117
13. Fraud and Misrepresentation 122
14. Mistake 128
15. Lawful Object and Lawful Consideration 133
16. Contingent Contracts 138
17. Performance of Contracts 143
18. Discharge of Contract 149
19. Contracts of Indemnity 154
20. Contracts of Guarantee 159
21. Bailment 165
22. Pledge 172
23. Agency: Creation and Authority 177
24. Agency: Relations and Termination 183
25. The Contract of Sale of Goods 190
26. Conditions and Warranties 196
27. Transfer of Property and of Title 203
28. Performance, and the Unpaid Seller 210
29. Suits for Breach of the Contract of Sale 218
30. The Standard-form Contract 224
31. Exemption Clauses 229
32. Protective Measures 234
33. Quasi-Contract 239
34. Unjust Enrichment and Restitution 245
35. The Doctrine of Frustration 250
36. The Effects of Frustration 255
37. Breach of Contract 260
38. Damages 264
39. The Other Remedies for Breach 270
40. The CISG: Sphere of Application 275
41. The CISG: Formation of the Contract 283
42. The CISG: Obligations and Remedies 290

Module III

1. Arbitration Before 1996 302
2. The UNCITRAL Model Law, and Why the Act Was Passed 306
3. The 1940 Act and the 1996 Act Compared 310
4. What Arbitration Is 315
5. What May Be Referred to Arbitration 320
6. The Arbitration Agreement 325
7. Section 8: Referring the Parties to Arbitration 330
8. Interim Measures: Sections 9 and 17 335
9. The ADR Family 340
10. Section 89 of the Code, and Court-Referred Settlement 345
11. The Act: Its Extent, and How It Is Arranged 350

Module IV

1. Composition of the Arbitral Tribunal 355
2. Appointment of Arbitrators 359
3. Independence and Impartiality: the Grounds of Challenge 365
4. The Challenge Procedure 370
5. Termination of the Arbitrator's Mandate 375
6. Jurisdiction of the Tribunal: Section 16 379
7. Separability of the Arbitration Clause 384
8. Equal Treatment, and the Tribunal's Freedom of Procedure 389
9. The Conduct of the Proceedings 393
10. The Rules Applicable to the Substance 399
11. Settlement, and the Award on Agreed Terms 404
12. Form and Contents of the Award 408
13. Time Limits for the Award 413
14. Correction, Interpretation and Termination of Proceedings 418
15. Finality and Enforcement of the Award 423
16. Recourse: Setting Aside under Section 34 428
17. Public Policy, and Patent Illegality 434
18. Appeals under Section 37 439
19. Foreign Awards: the New York Convention 443
20. Foreign Awards: the Geneva Protocol and Convention 449
21. Commercial Arbitration: Institutional and Ad Hoc 455
22. International Commercial Arbitration 459
23. Conciliation: Part III 464
24. The Settlement Agreement 470
25. Confidentiality, and the Conciliator's Position 475
26. Costs, Deposits and the Tribunal's Lien 480
27. The Arbitration Council of India 486
28. The Supplementary Provisions 492