Contract Law-II (30 Hours)

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INTRODUCTION

The course on Law of Contract is one of the foundational courses in law and also for most commercial law subjects. We all enter into innumerable agreements and contracts of various types in almost every transaction we do while purchasing any goods and services. We are bound by unimaginable terms and conditions which we hardly have read or understood. The law of contract therefore touches every part of our transaction in daily lives. The stakes of contract increase with the cost of good and services and nature of transactions. Business and trade thrive on the stability provided by agreements and contracts between multiple parties. The study of this law enables a law student to understand complexities of business transactions, value of commitment, rights and liabilities of parties which we often ignore due to ignorance of law. This is one of the most exciting legislations which feeds into almost every private and commercial law that we read and practice as lawyers. Generally, no lawyer can imagine a successful practice without having a fine understanding of the principles of law of contract.

Welcome to the amazing field of agreements and contracts which bind all of us and we still remain quite unaware. This is not just a study of law but gives a broad perspective into how trade and businesses operate.  

Learning objectives

• To inculcate the skill of interpretation of bare provisions of Contract Act and to implement them in finding solutions to legal problems arising out of contracts.
• To analyse how far the fundamental principles laid down in Contract Act are applicable in the present scenario.
• To analyze the legal developments in the field of contract and evolve alternative remedies in current legal issues in the field of commercial law.
• To articulate the ability to research and analyse problems critically using an in depth understanding of socio-economic and techno-legal dynamics in contract law.

Note: Case List and Suggestive Readings will be provided to the registered candidates only after the commencement of the class.

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