The Law of Contract is written in a lucid manner and with an approach to illuminate the field of Contract law aiming to build a sound theoretical foundation and kindle analytical appreciation of the subject. In order to render a holistic and a progressive view of the subject, the author has, apart from an illuminating discussion on the subject, incorporated aspects like historical analysis, a comparative discussion of the provisions vis-a-vis the English Law as well as the modern theories of Contract, intending to critically examine the law and to identify scope of revising the law to fit into a just decision making process.