Contract Law – I Important Questions

1. What is contract? Discuss the essential elements of contract.
2. Define the term “acceptance”. What are the essentials of a valid acceptance?
3. Define consideration. Discuss the essentials and necessity of consideration to form a valid
   contract. Discuss the necessity of consideration.
4. “An agreement without consideration is void”. What are the exceptions? Discuss.
5. “Post consideration is no consideration” – discuss.
6. Discuss in details the provisions of law relating to minor’s agreements.
7. Discuss the term “contingent-contracts”. What are the rules relating to performance of the
   contract?
8. A Quasi-contract is not a contract at all. It is an obligation which the law creates – discuss.
9. What is meant by anticipatory breach of contract – discuss the consequences of anticipatory
   breach of contract/
10. What are the contracts which cannot be specifically enforced?
11. Define undue influence state when a contract is said to be induced by undue influence.
    Short Answer Questions:
12. a) consensus Ad Idem
    b) Specific & general offer
    c) Novation
    d) Alteration
13. a) Recession of contracts
    b) Counter offer
    c) Cross offer
14. a) Quantum meruit
    b) Promissory Estoppel
15. a) Misrepresentation
    b) Fraud
16. a)Unilateral & Bilateral Contracts
    b) Void & Voidable Agreements

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