A.K.
Jain
Contract Act
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(1 )
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(2) Lapse o f tim e
(3) By failure fu lfill a condition precedent
(4) By death o r insanity o f offeror
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Past Consideration
Consideration be Real a n d N o t Illusory
Consideration N e e d N o t be Adequate
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Exception I. Natural Love and A ffection
Exception 2. Past Voluntary Service
Exception 3. Time-barred Debt
O ther Exceptions
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Examples o f No free consent
Duress under English Law
Presumption o f Undue Influence (Unconscionable bargains)
Hard bargains Not Necessarily Unconscionable
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Si/ence (Mere silence is no fraud)
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Exception to Sec. 19 (W hen rescission may be refused)
Identity
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Statutory Exceptions
Judicially Recognized Exceptions
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Exceptions to Sec. 28
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Effects o f Wagering Agreements a nd Collateral Transactions
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E xceptions
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Law Guide
Reciprocal Promise to do Things Legal and Illegal
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M in o r Breach N o t a Repudiation o f Contract
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L a w Guide for Competitive Examinations
Illustrations
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( I ) Com m ercial hardship o r difficulty
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(2) Self-induced frustration
(3) Failure o f one o f the objects
(4) Completed transfers or Executed contracts
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W h a t are Necessaries?
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F o rfe itu re o f E a rn e st M o n e y o r D e p o s it
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