LAW OF CONTRACTS–II
Kakatiya University · LL.B. Semester 2 · P-I
Unit I
Indemnity and Guarantee · Contract of Indemnity · Definition · Rights of Indemnity Holder · Liability of the Indemnified · Contract of Guarantee -Definition of Guarantee · Essential characteristics of Contract of Guarantee · Distinction between Indemnity and Guarantee · Kinds of Guarantee · Rights and liabilities of Surety · Co-sureties · Discharge of surety's liability
Unit II
Contract of Bailment · Definition of Bailment · Essential requisites of Bailment · Kinds of Bailment · Rights and duties of Bailor and Bailee · Termination of Bailment · Pledge · Definition of pledge · Who can Pledge · Rights and duties of Pawnor and Pawnee -Pledge by non-owner
Unit III
Contract of Agency · Definition of Agent- Essentials of Agency · Creation of Agency · Undisclosed Principal · Rights and duties of Agent -Delegation of authority · Personal liability of Agent · Relations of principal and Agent with third parties -Termination of Agency
Unit IV
Contract of sale of Goods · Formation of contract of sale · Sale and Agreement to Sell · Conditions and Warranties · Express and implied Conditions and Warranties · Caveat Emptor · Sale by non owner · Nemo dat quad non habet · Rights and duties of seller and buyer before and after sale · Rights of Unpaid Seller · Remedies of breach
Unit V
Contract of Partnership · Definition and nature of Partnership · Formation of Partnership · Test of Partnership · Partnership and other Associations- Registration of firm · Effect on non registration -Relations of partners · Rights and duties of partners -Property of firm · Relation of partners to third parties -Implied authority of partners · Kinds of partners · Minor as partner · Reconstitution of firm · Dissolution of firm · Salient Features of Limited Liability Partnership Act, 2008
- Forms of business 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
- 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]