Law of Contract - II
Osmania 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 · Discharge of surety. 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 · Rights and duties of Pawnor and Pawnee · Pledge by non-owner
Unit II
Contract of Agency · Definition of Agent · Creation of Agency · Rights and duties of Agent · Delegation of authority · Personal liability of agent · Relations of principal and agent with third parties · Termination of Agency
Unit III
Contract of Sale of Goods · Formation of contract · Subject matter of sale · Conditions and Warranties · Express and implied conditions and warranties · Pricing · Caveat Emptor · Hire Purchaser Agreements
Unit IV
Property · Possession and Rules relating to passing of property · Sale by non-owner · Nemo dat quad non habet- Delivery of goods · Rights and duties of seller and buyer before and after sale · Rights of unpaid seller · Remedies for 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 of 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 · Limited Liability Partnership (LLP)
- 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
- Partnership Act, 2008 and a Partnership Firm incorporated under the Indian Partnership
- Act, 1932 and a Company incorporated under Companies Act, 2013