CASE STYDY Lalman Shukla v Gauri Dutt BY MUKUL TYAGI.pptx

CASE STYDY AND BASIC KNOWLEDGE OF INDIAN CONTRACT ACT, 1872

1. Case Study Related to INDIAN Contract Act,1872 MBA I Year By : MUKUL TYAGI CLASS ROLL. 61 12-May-24 1

2. Content 12-May-24 2

3. THE INDIAN CONTRACT ACT, 1872 12-May-24 3

4. CONTRACT 12-May-24 4

5. CONTRACT - According to sec.2(h), a contract is defined as an agreement enforceable before the law. AGREEMENT - According to sec.2(e), every promise or set of promises forming consideration for each other. PROMISE - According to sec.2(b), when a person made a proposal to another to whom proposal is made, if proposal is assented there to. 12-May-24 5

6. OFFER - According to Sec.2(a), when a person made a proposal, when he signifies to another his willingness to do or to abstain from doing something. AGREEMENT = OFFER + ACCEPTANCE 12-May-24 6

7. Agreement Legal Obligation Contract “ All contracts are agreements but all agreements are not contracts .” CONTRACT = AGREEMENT + ENFORCIBILITY BEFORE LAW 12-May-24 7

8. ESSENTIAL ELEMENTS OF A VALID CONTRACT (Sec.10) 1. Offer & acceptance. 2.Intention to create legal relationship. 3.Consensus - ad - idem. 4.Consideration. 5.Capacity to contract. 6.Free consent. 7.Legality of object. 8.Possibility of performance. 9.Writing & registration. 12-May-24 8

9. TYPES OF CONTRACTS VALID CONTRACTS Absolute contract Contingent contract(Sec. 31-36) Express contract Implied/Quasi contract(Sec.68- 72) 12-May-24 9

10. Valid contract - If all the condition are fulfilled it is called as a valid contract. Contingent contract - In a contract to do or not to do something, if an event is collateral, does or doesn't happen. Express contract - When contracts are either in writing or in oral. Implied contract - When contracts are neither in writing nor in oral. Absolute contract - A contract which is not dependent on fulfillment of any condition. 12-May-24 10

11. Indian Contract Act. 1872 Lalman Shukla VS Gauri Dutt 12-May-24 11

12. There are 3 main characters in this case 12-May-24 12

13. About the case One day Nephew went missing 12-May-24 13

14. Lalman Shukla (The servant) went for the search 12-May-24 14

15. Gauri Dutt announced an offer Whoever finds her nephew will be given a reward of RS. 500 12-May-24 15

16. Suddenly after sometime Lalman Shukla brought back nephew home 12-May-24 16

17. Lalman Shukla came to know about the offer and asked for the reward 12-May-24 17

18. But Gauri Dutt refused to give the reward of RS. 500 to Lalman Shukla 12-May-24 18

19. Continued Looking at this Lalman Shukla went to the court of law and filed a suit against Gauri Dutt 12-May-24 19

20. Now Question Arises Is it a Contract ? Is Gauri Dutt liable to pay the Reward ? 12-May-24 20

21. What is a Contract ? Offer + Acceptance = Agreement Agreement + Enforceable by Law = Contract 12-May-24 21

22. Let us know the answer now Gauri Dutt is not liable to pay the reward as it is not a Contract 12-May-24 22

23. Judgement According to Indian Contract Act 1872, Lalman Shukla is not liable to receive the reward as he did not accept the offer given by Gauri Dutt 12-May-24 23

24. 12-May-24 24