UNIT - I LAW OF CONTRACT
Contracts - Essentials of Contract - Agreements - Void - voidable and illegal contracts -
Express and implied Contracts - Executed and Executory Contracts - Absolute and
contingent contracts - Offer - Legal rules as to offer as to offer and lapse of offer -
Acceptance - and rules as to acceptance - to create legal relation - Capacity of parties to
create contract - Consideration - Legal rules as to Consideration - Stranger to a Contract
and exceptions - Contract without consideration - Consent - Coercion - undue influence –
misrepresentation - fraud - mistake of law and mistake of fact.
Legality of Object - Unlawful and illegal agreements - Effects of illegality - Wagering
Agreements - Agreement opposed to public policy - Agreements in Restraint of trade -
Exceptions – void agreements - Restitution - Quasi-contracts - Discharge of contract -
Breach of contract - Remedies for breach of Contract.
UNIT - III LAW OF SALE OF GOODS
Formation of contract of sale - Sale and agreement to sell – Hire purchase agreement -
Sale and bailment - Capacity to buy and sell - Subject matter of contract of sale - Effect
of destruction of goods - Documents of title to goods - conditions and warranties - Rules
of Caveat - Emptor - Exceptions - Transfer of property - Goods sent on approval - FOB,
CIF, FOR and Ex-ship contracts of sale - Sale by non - owners - right of lien -
termination of lien - right of resale - right of stoppage in transit - Unpaid Vendor's rights.
UNIT - IV
Creation of agency - Classification of agents - relations of principal and agent -
delegation of authority - relation of principal with third parties - personal liability of
agent - Termination of agency.
Negotiable Instruments Act 1881-Negotiable Instruments-Characteristics-cheque-
Essentials requirements-Endorsements-kinds-crossing-types-Demand draft-Bills of