Optional Papers (Any Two): b. Special Contract
Guru Gobind Singh Indraprastha University · LL.B. Semester 5 · LLB 309
Unit I — Indemnity,Guarantee and Agency (Conceptual Study)
a. Distinction between Indemnity and Guarantee · b. Rights and Duties of Indemnifier and Discharge · c. Rights and Duties of Bailor/Bailee,Lien, etc · d. Definitions of Agent and Principal, Creation of Agency and its Termination
Unit II — The Indian Partnership Act, 1932 and Limited Liability Partnership Act, 2008
a. Nature of Partnership Firm · b. Rights /Duties of Partners interse · c. Incoming and Outgoing Partners, Position of Minor · d. Dissolution and Consequences · e. Limited Liability Partnership Act,2008 alongwith 2021 amendments
- 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]
- Winding up and Dissolution [Sections 63 — 65]
Unit III — The Sale of Goods Act, 1940
a. Definitions, Distinction between Sale and Agreement to Sale · b. Conditions and Warranties · c. Passing off, Property · d. Rights of Unpaid Seller and Remedies for Breach of Contract
Unit IV — Specific relief Act, 1963
a. Introduction · b. Recovery of possession of property · c. Specific performance of contracts · d. Rectification of instruments, rescission ofcontracts, cancellation of instruments · e. Injunctions