LAW OF CONTRACT - II

Mohanlal Sukhadia University · LL.B. Semester 2 · 7004

Unit 1 — Contracts of Indemnity and Guarantee

(A) Meaning, Distinction between indemnity and guarantee and kinds guarantee. · (B) Contract of indemnity a. Definition b. Rights of indemnity holder c. Liability of indemnifier. · (C) Contract of guarantee a. Definition b. Essential characteristics of contract of guarantee c. Kinds of guarantee d. Rights and liabilities of surety e. Discharge of liability of the surety

Unit 2 — Contracts of Bailment and Pledge

(A) Meaning & Kinds of Contract of Bailment - Bailment without consideration. · (B) Essentials of Bailment · (C) Rights and Duties of Bailee and Bailor. · (D) Position of the finder of the goods under law. · (E) Termination of Contract of Bailment. · (F) Contract of Pledge - Meaning and definition, Rights and duties of Pawnor and Pawnee, Pledge by Unauthorised Persons.

Unit 3 — Contract of Agency

(a) Definition, Kinds and Modes of creation of Agency. · (b) Relation between - · (i) The Principal and the Agent · (ii) The Principal and Third Party · (iii) The Agent and the Third Party · (c) Rights and Duties of agent · (d) Delegation of authority · (e) Termination of Agency

Unit 4 — Contract of Sale of Goods

(A) Sale - Meaning, Definition and Elements. · (B) Agreement of Sell, Hire- Purchase, Agreement and a Contract and a Contract for work and labour- meaning and distinction from sales. · (C) Goods - Existing, Future and Contingent. · (D) Condition and Warranties. · (E) Passing of Property and Risk from seller to buyer. · (F) Sale by Unauthorised person. · (G) Rights and duties of seller and buyer before and after sale. · (H) Rights of unpaid seller.

Unit 5 — Contract of Partnership

(A) Meaning, Definition, Formation & the Characteristics of Partnership. · (B) Distinction between - · (i) Co-ownership & Partnership · (ii) Joint Hindu Family Firm and Partnership · (iii) Company and Partnership · (C) Position of Minor · (D) Relation, interest, of Partners and relation of partners with third parties. · (E) Registration of Partnership Firm. · (F) Dissolution of Partnership & of firm.