Indian Contract Act, 1872 - Quick Revision Chart
Part I: General Principles
Section Topic Key Points Landmark Case
1-2 Short Title & Definitions Came into force 1st Sept 1872, defines contract as agreement enforceable by law.
10 Essentials of Valid Contract
Offer + Acceptance, Capacity, Free Consent, Lawful Consideration, Lawful Object, Not expressly
Carlill
void.
v. Carbolic Smoke Ball Co.
11 Capacity to Contract Major, sound mind, not disqualified by law. Mohori Bibee v. Dharmodas Ghose
13-19 Free Consent Consent not caused by coercion, undue influence, fraud, misrepresentation, mistake. Ranganayakamma v. Alwar Setti
23-25 Lawful Consideration/Object Forbidden by law, defeats provision, fraudulent, immoral, opposed to public policy. Gherulal Parakh v. Mahadeodas
31-36 Contingent Contracts Performance depends on happening/non-happening of event. N.P.C. v. Shree Ambica Mills
37-45 Performance Obligation of parties, joint promises.
56 Void Agreements (Impossibility) Agreement to do impossible act is void. Satyabrata Ghose v. Mugneeram Bangur
73-75 Breach of Contract & Remedies Compensation for loss/damage, liquidated damages, quasi-contract. Hadley v. Baxendale
Part II: Special & Quasi Contracts
Section Special Contract Type Key Points Landmark Case
124-125 Contract of Indemnity Promise to save other from loss caused by promisor/3rd party. Gajanan Moreshwar v. Moreshwar Madan
126-147 Contract of Guarantee Surety, principal debtor, creditor. Liability is co-extensive. Bank of Bihar v. Damodar Prasad
148-171 Contract of Bailment & Pledge Delivery of goods for purpose, bailee to return. Pledge is bailment as security. Coggs v. Bernard
172-181 Contract of Pledge Special kind of bailment. Pawnee has right to retain goods. Lallan Prasad v. Rahmat Ali
182-238 Contract of Agency Agent acts on behalf of principal, within authority. Pannalal Jankidas v. Mohanlal
68-72 Quasi-Contracts
Necessaries to incapable persons, payment by interested person, finder of goods, non-gratuitous act,State
mistake/coercion.
of West Bengal v. B.K. Mondal
