Law of Contract - II
Chaudhary Devi Lal University · LL.B. Semester 2 · 307
Unit I
Contract of Indemnity: Definition and scope, Rights of indemnity-holder (Section 124-125) · Contract of Guarantee: Definition and scope, Essential features, Comparison of contract of guarantee and indemnity, Continuing Guarantee, Extent of surety s liability, Modes of Discharge of surety, Rights of Surety, Rights of surety against the creditor, principal debtor and cu-Sureties(Section 126-147)
Unit II
Bailment: Definition and scope, Essential features of Bailment, Kinds of Bailee: Banker, Factor, Wharfinger, Attorneys, Policy-brokers and Carriers. · Duties and rights of Bailor, Duties and Rights of Bailee, Finder of Goods (Section 148-171) · Pledge: Definition and scope, Pawner's Right to Redeem, Rights of Pawnee · Who can pledge: Pledge by mercantile Agent, Pledge by person in possession under voidable contract, Pledge by Pledgee (Section 172-181) · Agency: Definition and scope, Essential features of Agency, Kinds of Agent · Delegation of authority: Sub-Agent and Substituted Agent, Modes of creation of Agency; Agency by · Ratification, Revocation of authority, Agents duty to Principal, Principal s duty to Agent; Effects of Agency on Contracts with third persons, Personal Liability of Agent · Termination of Agency: Revocation, Renunciation by Operation of Law (Section 182-238)
Unit III
Sale of Goods Act: Concept of Sale, formation of contract (Section 4-10), Sale and Agreement to sell, Conditions and Warranties including implied Conditions end Warranties (Section 11-17), Transfer of Property in goods and title (Section 18-30), Passing of risk, C.I. Contracts, F.O.B. Contracts and Ex-ship Contracts, Performance of the Contracts (Section 31-44), Rights of Unpaid Seller against the Goods-Right to Lien, Right of Stoppage of Goods in Transit, Right of Re-sale (Section 45-54), Suit for Breach of Contract (Section 55-61) i I
Unit IV
Indian Partnership Act: Nature of Partnership, Essentials of Partnership (Section 4-8), Partnership compared with co-ownership, Company, Joint Hindu Family Business, Relations of Partners to one another (Section 9-17); Relations of Partners to Third Parties including the Principle of Holding Out, Minor Admitted to the Benefits of Partnership (Section 18-30), Incoming and Outgoing Partners (Section3 1-38), Dissolution of Firms-meaning and scope, Modes of Dissolution of Firm
- Forms of business organization
- Factors taken into consideration for choice of organization
- 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