A contract would not be discharged by the impossibility, even though the supervening event makes performance impossible or unlawful if:I. The contract is absolute in terms and can be held to cover the frustrating eventsII. The contract makes full and complete provision for a given contingencyIII. It can be reasonably supposed to be within the contemplation of the parties to the contract at the time they made the contractIV. Where the event is such that any of the parties could foresee or could have foreseen with reasonable diligenceV. If only a portion of the contract becomes impossible or difficult to performVI. If despite the supervening events, the object and purpose of the contract is not rendered useless, and the contract can be performed substantially in accordance with the original intention of the parties, though not literally in accordance with the language of the agreement

The Indian Contract Act of 1872 is a legal framework that regulates contracts in India and is applicable to all states except Jammu & Kashmir. It was first published on April 25, 1872, and has 266 sections. The act is based on English Common Law and has been amended several times to keep up with changing economic conditions.  The act defines a contract as an agreement that is enforceable by law. It also defines an agreement as every promise and every set of promises that form the consideration for each other. A valid contract is formed when certain essential elements are present,... Show more

The Indian Contract Act of 1872 is a legal framework that regulates contracts in India and is applicable to all states except Jammu & Kashmir. It was first published on April 25, 1872, and has 266 sections. The act is based on English Common Law and has been amended several times to keep up with changing economic conditions. 

The act defines a contract as an agreement that is enforceable by law. It also defines an agreement as every promise and every set of promises that form the consideration for each other. A valid contract is formed when certain essential elements are present, including:
Offer and acceptance
Lawful consideration
Capacity to contract
Free consent
Lawful object
Certainty of terms 

All the signing parties must consider getting something in return in the form of rights, profits, interests, etc.. A contract will be deemed illegal if it is unlawful, can challenge or attack any section of any law, cause harm to any individual, or if the Court considers it to be immoral. 
The act covers the following topics: What is a contract, Essentials of a contract, Types of contract based on validity, Types of contract based on formation, and Types of contract based on performance.
 

Related Test: Transfer of Property Act, 1872 Practice Test

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