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Indian Contract Act, 1872 is substantive law. The object of the Act is to consolidate and amend the laws relating to the contracts.

The Indian Contract Act, 1872 come into force on the 1st of September, 1872. It contains 11 chapters and 266 sections
Important study material and case laws on the Law of Contracts – Click on the topics to Read

Part – I  General Principles of Contract (Secs. 1 to 75)

Module 1 – Introduction

Module 2 – Offer and Acceptance

Module 3 – Capacity to Contract

Module 4 – Free Consent

Module 5 – Consideration and Object

Module 6 – Limitations on Freedom of Contract

Module 7 – Contingent Contracts

Module 8 – Discharge of a Contract

Module 9 – Quasi–Contracts

Module 10 –  Remedies for Breach of Contract

Part – II   Special Contracts(Secs. 124-238)

Module 11 –  Indemnity and Guarantee

  • ‘Contract of Indemnity’ – Meaning and Definition
  • Rights of Indemnity-holder
  • ‘Contract of Guarantee’ – Meaning and Definition
  • Consideration for Guarantee
  • Rights and Liability of Surety
  • Continuing Guarantee
  • Revocation of Guarantee
  • Discharge of Surety
  • When Surety will not Discharge
  • Invalid Guarantee

Module 12 –  Bailment and Pledge

  • ‘Bailment’ – Meaning and Definition
  • Rights and Duties of Bailer
  • Rights and Duties of Bailee
  • ‘Pledge’ – Meaning and Definition
  • Other Provisions on Pledge

Module 13 –  Agency

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