CPT Chapter Nature of Contract

CA CPT Exam  

With Bharat Galani.Duration:5hrs 07min

Nature of Contract Duration (min:sec)
Introduction  
{modal https://www.youtube.com/embed/P6i8UOSrQPQ?autoplay=1;rel=0|width=780|height=439|title=Introduction to CA-CPT Law}Introduction to CA-CPT Law{/modal} 00:59
{modal https://www.youtube.com/embed/DIccNOUtfNQ?autoplay=1;rel=0|width=780|height=439|title=Indian Contract Act 1872}Indian Contract Act 1872{/modal} 05:12
{modal https://www.youtube.com/embed/L8PpCc2jkFY?autoplay=1;rel=0|width=780|height=439|title=What we will learn in Contract Act}What we will learn in Contract Act{/modal} 01:05
{modal https://www.youtube.com/embed/HP9nkiV27Io?autoplay=1;rel=0|width=780|height=439|title=Overview of Contract}Overview of Contract{/modal} 01:16
{modal https://www.youtube.com/embed/IFQ5EGMU-IM?autoplay=1;rel=0|width=780|height=439|title=What is Contract?}What is Contract?{/modal} 22:22
{modal https://www.youtube.com/embed/-eZZE_qgcI0?autoplay=1;rel=0|width=780|height=439|title=5 Points to Contract}5 Points to Contract{/modal} 21:30
{modal https://www.youtube.com/embed/3M9TmxZWstk?autoplay=1;rel=0|width=780|height=439|title=What happens when we have a contract}What happens when we have a contract{/modal} 04:20
Types of Contract  
{modal https://www.youtube.com/embed/19Uk7bGvZto?autoplay=1;rel=0|width=780|height=439|title=Types of Contract}Types of Contract{/modal} 01:32
{modal https://www.youtube.com/embed/ojKlJNHVK6w?autoplay=1;rel=0|width=780|height=439|title=Basis Validity: Valid & Void Contract}Basis Validity: Valid & Void Contract{/modal} 09:39
{modal https://www.youtube.com/embed/MtQV8O8Kk-M?autoplay=1;rel=0|width=780|height=439|title=Basis Validity: Voidable Contract}Basis Validity: Voidable Contract{/modal} 17:08
{modal https://www.youtube.com/embed/Z5wT7saLwxw?autoplay=1;rel=0|width=780|height=439|title=Void Vs. Voidable Contract}Void Vs. Voidable Contract{/modal} 05:30
{modal https://www.youtube.com/embed/tnJh2h2Lb_E?autoplay=1;rel=0|width=780|height=439|title=Basis Validity: Illegal Contract}Basis Validity: Illegal Contract{/modal} 11:19
{modal https://www.youtube.com/embed/KXSnO9R50Qs?autoplay=1;rel=0|width=780|height=439|title=Void vs. Illegal Contract}Void vs. Illegal Contract{/modal} 12:28
{modal https://www.youtube.com/embed/jAEf1Sp_FwY?autoplay=1;rel=0|width=780|height=439|title=Basis Validity: Unenforceable Contract}Basis Validity: Unenforceable Contract{/modal} 02:02
{modal https://www.youtube.com/embed/U_oNHwM-xZw?autoplay=1;rel=0|width=780|height=439|title=Basis Formation: Express and Implied Contract}Basis Formation: Express and Implied Contract{/modal} 10:47
{modal https://www.youtube.com/embed/hPYzo4AP_6k?autoplay=1;rel=0|width=780|height=439|title=Basis Formation: Tacit and Quasi Contract}Basis Formation: Tacit and Quasi Contract{/modal} 03:47
{modal https://www.youtube.com/embed/lfI18E1qwdY?autoplay=1;rel=0|width=780|height=439|title=Basis Performance: Executed & Executory Contract}Basis Performance: Executed & Executory Contract{/modal} 06:55
{modal https://www.youtube.com/embed/zcW91XvDqA8?autoplay=1;rel=0|width=780|height=439|title=Basis Performance: Unilateral & Bilateral Contract}Basis Performance: Unilateral & Bilateral Contract{/modal} 04:19
{modal https://www.youtube.com/embed/dB_k8wYhAg8?autoplay=1;rel=0|width=780|height=439|title=Summary Types of Contract}Summary Types of Contract{/modal} 01:12
{modal https://www.youtube.com/embed/2qXW87jbCPY?autoplay=1;rel=0|width=780|height=439|title=Quiz}Quiz{/modal} 04:53
Offer  
{modal https://www.youtube.com/embed/o5oRjn4IMaE?autoplay=1;rel=0|width=780|height=439|title=What is Offer?}What is Offer?{/modal} 11:22
{modal https://www.youtube.com/embed/eratwgOazzw?autoplay=1;rel=0|width=780|height=439|title=Express and Implied Offer}Express and Implied Offer{/modal} 03:31
{modal https://www.youtube.com/embed/CU_3YQPlVgA?autoplay=1;rel=0|width=780|height=439|title=General Offer}General Offer{/modal} 06:32
{modal https://www.youtube.com/embed/TZFwrmbhxkU?autoplay=1;rel=0|width=780|height=439|title=Special and Cross Offer}Special and Cross Offer{/modal} 02:37
{modal https://www.youtube.com/embed/w_MuBjlPhlc?autoplay=1;rel=0|width=780|height=439|title=Counter and Standing Offer}Counter and Standing Offer{/modal} 04:05
{modal https://www.youtube.com/embed/pAQqcAjA1Js?autoplay=1;rel=0|width=780|height=439|title=Essentials of Offer}Essentials of Offer{/modal} 17:59
{modal https://www.youtube.com/embed/ufxKYo9gkYI?autoplay=1;rel=0|width=780|height=439|title=Offer vs. Invitation of Offer}Offer vs. Invitation of Offer{/modal} 01:30
{modal https://www.youtube.com/embed/SuPiZ2bd3QE?autoplay=1;rel=0|width=780|height=439|title=How Offer Lapses}How Offer Lapses{/modal} 13:28
Acceptance  
{modal https://www.youtube.com/embed/n4ewc_3rE-Q?autoplay=1;rel=0|width=780|height=439|title=What is Acceptance?}What is Acceptance?{/modal} 03:05
{modal https://www.youtube.com/embed/4ZgDYbIakVQ?autoplay=1;rel=0|width=780|height=439|title=Rules of Acceptance}Rules of Acceptance{/modal} 21:23
{modal https://www.youtube.com/embed/Wpl4vVpYJmA?autoplay=1;rel=0|width=780|height=439|title=Communication of Offer & Acceptance}Communication of Offer & Acceptance{/modal} 15:54
{modal https://www.youtube.com/embed/4vmvUMAHSiI?autoplay=1;rel=0|width=780|height=439|title=Communication Revocation of Offer & Acceptance}Communication Revocation of Offer & Acceptance{/modal} 18:47
{modal https://www.youtube.com/embed/PzgZ2HvEobk?autoplay=1;rel=0|width=780|height=439|title=Summary Communication}Summary Communication{/modal} 02:34
{modal https://www.youtube.com/embed/5wfrMjMOfwA?autoplay=1;rel=0|width=780|height=439|title=Quiz}Quiz{/modal} 23:54
{modal https://www.youtube.com/embed/keCnOZ9ZCmc?autoplay=1;rel=0|width=780|height=439|title=Brief Essential Elements of a Contract}Brief Essential Elements of a Contract{/modal} 10:05
{modal https://www.youtube.com/embed/wQX_OWk7dcg?autoplay=1;rel=0|width=780|height=439|title=Conclusion}Conclusion{/modal} 02:30
Total 5:07:31

Notes

Introduction to Contract Act
passed in 1872;
by the then British India in Indian Parliament;
extends to the whole of India except J&K;

Contract Coverage

Nature of Contract
Consideration
Other Essential elements of a valid contract
Performance of Contract
Breach of Contract
Contingent & Quasi Contract

Overview
What is contract?
Types of Contract
Offer
Acceptance
Communication
Essential Elements

Introduction to Contract Act
Do you think you are entering into contracts everyday?
Do you travel by bus, train or auto-rickshaw?
Do you use Gmail, FB or Yahoo?
Do you use mobile apps?
Do you go for shopping in your local supermarket?
Do you go to a school or college?
Do you go for tuition classes?
Do you purchase stationary, choclates, grocery, etc?

What is Contract?
2(h) Contract is an agreement enforecable by law.

2(e) Every promise or set of promises forming consideration for each other is an agreement.

A proposal when accepted becomes a promise.

2(a) when one person signifies to another
his willingness to do or to abstain from doing anything
with a view to obtaining the assent of that other
to such act or abstinence,
he is said to make a proposal

Contract: Basis Formation
Express Contracts – Spoken or Written

Implied Contracts – Implied by Law [No intention of Parties]

Tacit Contracts – Understood from the conduct of the parties

Quasi Contracts – Finder of Goods


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