Ch 1 · Indian Contract Act, 1872 — General Principles

5 concept points · 0 formulas · 5 exam-critical points.

⭐ Important points (exam-critical)

• ⭐Stranger to contract cannot sue (privity); exceptions: trust, marriage settlement, family arrangement.
• ⭐Communication of offer complete when it comes to knowledge of offeree.
• ⭐Free consent: NOT caused by coercion, undue influence, fraud, misrepresentation, mistake (Sec 14).
• ⭐Agreement with minor is void ab initio (Mohori Bibee v. Dharmodas Ghose).
• ⭐Quasi-contract under Secs 68-72 — obligation without agreement.