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Indian Contract Act – 1872

Introduction and Definitions (Section 1 and 2)

  • Purpose of the Act
  • Support of the English Act
  • Definitions under Section 2 of Act

Proposal / Offer 

Understanding the term “Proposal / Offer”  (Section 2(a))

  • Definition Under Section 2(a) of Act
  • Essential Elements of an Offer/ a Proposal
  • Legal Rules for Valid Offer / Proposal

Types of Offer

  • Express Offer
  • Implied Offer
  • Specific Offer
  • General Offer
  • Cross Offer
  • Counter Offer
  • Standing or Continuous Offer

Invitation to Offer

  • Meaning
  • Tenders, Auctions, Insurance Proposal

Acceptance 

Understanding the term Acceptance  (Section 2(b) and Sections 7-8)

  • Definition
  • Essential Elements of Valid Acceptance
  • Who Can Give Acceptance?

Revocation of Offer

A Contract (Section 2h)

A Valid Contract (Section 10)

Competency Of Parties to Contract (Section 11 and 12)