Law of Contract II
Dr. Bhimrao Ambedkar Law University, Jaipur · LL.B. Semester 2 · 2.3
Unit I — Contracts of Indemnity and Guarantee
1.1 Meaning, Distinction between Indemnity and Guarantee and Kind of Guarantee; · 1.2 Rights of Indemnity Holder; Rights of the Surety, · 1.3 Extent of the Liability of the Surety; Discharge of liability of the Surety. Contracts of Bailment and Pledge: · 1.4 Meaning and Kinds of Contracts of Bailment – Bailment without Consideration; Rights and Duties of Bailee and Bailer; · 1.5 Termination of Contract of Bailment; Contract of Pledge-Meaning and Definition, Pledge by Unauthorized Persons
Unit II — Contract of Agency
2.1 Definition, Kinds · 2.2 Modes of Creation of Agency; · 2.3 Relation between: i)The Principal and Agent ii) The Principal and Third Party, and iii) The Agent and the Third Party · 2.4 Determination of Agent’s authority –i) By Act of Parties; and ii) · 2.5 Operation of Law – Irrevocable Authority
Unit III — Contract of Sale of Goods
3.1 Sale-Meaning, Definition and Distinguish between Agreement to Sell, · 3.2 Hire-Purchase Agreement; Goods-Existing, · 3.3 Future and Contingent; Conditions and Warranties. · 3.4 Passing of Property from Seller to Buyer; Sale by Unauthorized Person. · 3.5 Law relating to Performance of Sale; Rights of Unpaid Seller
Unit IV — Contract of Partnership
4.1 Meaning, Definition, · 4.2 Creation and the Characteristics of Contract of Partnership; · 4.3 Kinds of Partner and Partnership; Distinction between: i) Co-ownership and Partnership ii) Joint Hindu Family Firm and Partnership; iii) Company and Partnership iv) Position of Minor; · 4.4 Relations inter-se of partners and relation of Partners with third parties; Registration of Partnership firm; Effect of Non - Registration of Partnership Firm; Dissolution of Firm · 4.5 Limited Liability Partnership Act, 2008, [including the Amendment Act, 2021]: Need, Importance, Objectives; Definition, Concept, Key Features of the Act and Judicial Responses.
- Definition of Partnership & Essentials Kinds of Partnership Partnership Property
- Rights and Duties of a Partner
- Implied Authority of a Partner
- Minor Admitted to the benefits of Partnership Incoming and Outgoing Partner Registration of Partnership Firm Dissolution of Partnership
- Public Notice in case of Partnership
- Nature of Limited Liability Partnership [Sections 2 — 10]
- Incorporation of Limited Liability Partnership [Sections 11 — 21]
- Partners and their Relations [Sections 22 — 25]
- Extent and Limitation of Liability of Limited Liability Partnership and Partners [Sections 26 — 31]
- Contributions [Sections 32 — 33]
- Assignment and Transfer of Partnership Rights [Section 42]
- Conversion into a Limited Liability Partnership [Sections 55 — 58]
- Winding up and Dissolution [Sections 63 — 65]
- Difference between Limited Liability Partnership incorporated under Limited Liability