Nature and kinds of contracts, Essential elements of contract, Rules relating to offer and acceptance, Consideration, Capacity of parties, Free consent, Legality of object and consideration, Void agreements, Contingent contracts, Wagering agreement, Contract in restraint of Trade, Contracts which must be performed, By whom contracts must be performed, Time and place for performance, Supervening Impossibility, Performance of reciprocal promises, Rules relating to appropriation of payments and contracts which need not be performed, Quasi-contracts, Methods of discharging the contract, Consequences of breach of contract; Indemnity and Guarantee: Definition, rights of indemnity holder, Guarantee, distinction between guarantee and indemnity, Surety, revocation of guarantee; Law of Agency: Agent and Principal, General rules of agency, Test of agency, Nature of agency, Types of agents, Creation of agency, Extent of agent’s authority, Rights and liabilities of agent and principal, Irrevocable agency, Termination of agency; Law of Bailment and Pledge: Classification of bailment: for hire, for custody, for carriage, for loan, gratuitous, for security for payment of debt, for security for performance of promise, Determination of Bailment.