Time Management to study CLAT PG Contract Law
According to the bifurcation as mentioned earlier, design an appropriate timetable with proper time allocation estimated for every topic individually. The time required for each chapter might be based on its difficulty level and complexity. Hence, divide time frames according to your feasibility. Further to make it more simplified, try making weekly schedules, this will ensure optimum utilisation of your monthly preparation without wastage of time and effort.
1. Offer and Acceptance – 2 days
The offer and acceptance are the basis of the contract law subject. The candidate must specifically focus on the nature of the offer as a legally binding agreement, communication and revocation of offer, which means that both must be duly communicated to the concerned authority and lastly focus on the acceptance and its rules wherein you must study the conditions related to the acceptance of a proposal.
2. Consideration – 2 days
Consideration is defined under Section 2(d) of the Indian Contract Act, of 1872. The essential conditions of considerations must be studied peculiarly. Then, focus on the doctrine of privity of contract and exceptions to the consideration.
3. Capacity to Contract – 1 day
In the capacity to contract, you must primarily focus on who can enter into a contract or the parties competent to contract. Further, pay attention to classifications such as, minors, persons of unsound mind and disqualified persons.
4. Free consent – 1 day
Under the ambit of free consent, you must majorly study, coercion, undue influence, misinterpretation, fraud and mistake. Study all these elements of free consent in a detailed manner along with case laws and exceptions.
5. Legality of Object and Consideration – 1 day
Furthermore, study the lawful and unlawful objects along with the definition and types of void agreements. Prioritize focusing on examples of agreements, agreements with unlawful objects and agreements that are inherently uncertain or impossible to perform.
6. Contingent contracts – 1 day
Contingent contracts are agreements that depend on the occurrence or non-occurrence of future uncertain events. They are enforceable only when the specified event happens or fails to happen, as stipulated in section 31 of the Indian Contract Act, 1872. If the event becomes impossible, the contingent contract becomes void.
7. Performance of Contracts – 2 days
The performance of the contract must be precise as per the terms agreed upon by the parties. The promisor must perform their obligation at the time and place specified, or within a reasonable time if none is specified, ensuring all conditions are met to the satisfaction of the promise. In the case of joint promises, all promisors are jointly liable for the performance of the contract unless the contract specifies otherwise.
8. Discharge of Contracts – 1 day
The contracts can be discharged through performance, mutual agreement, impossibility of performance, operation of law or breach. The discharge of contracts has majorly these elements to be ensured, that is by performance, agreement, impossibility and breach.
9. Remedies for Breach of Contract and Special Contracts – 2 days
The damages its types and measures of damages must be studied in detail. Further, focus on specific performance and injunctions that are required to enforce contractual obligations. Thirdly study quantum meruit, its meaning and scope as to how it is relevant to breach of contract and damages.
10. Contract of Indemnity and Guarantee – 2 days
The contract of indemnity and guarantee are the two types of contracts that involve a lot of technicalities. However, you may focus on the nature and definition of indemnity and guarantee along with the rights and duties (contractual obligations) of an indemnifier, indemnified, surety and principal debtor.
11. Contract of Bailment and Pledge – 2 days
The contract of bailment and pledges are also the two types of contracts that involve a lot of technicalities. You must in detail read about the definition and nature of bailment and pledge along with the rights and duties (contractual obligations) of a bailor, bailee, pledgor and pledgee.
12. Contract of agency – 2 days
In the contract of agency, pay attention to the nature and types of agencies, rights and duties with detailed reference to the situations leading to the creation and termination of the agency.