Special Contracts

Pondicherry University · LL.B. Semester 2

Unit 1 — Indemnity- Definition, Implied indemnity, rights of indemnity holder, rights of indemnifie

Indemnity- Definition, Implied indemnity, rights of indemnity holder, rights of indemnifier.

Unit 2 — Guarantee

Definition, essentials, continuing guarantee, rights of surety against the creditor, principal debtor and co-surety, Surety’s liability, Discharge of surety, Distinction between Indemnity andguarantee

Unit 3 — Bailment

Definition, Kinds, Rights and duties of bailor andbailee

Unit 4 — Pledge

Definition, Pledge by non-owners, Distinction between bailment andpledge

Unit 5 — Contract of Agency

Definition, Distinction between agent and servant, Agency by ratification, Sub-agent, Substitutedagent

Unit 6 — Rights and duties of agent, Personal liability, Notice to agent is notice to principal, Te

Rights and duties of agent, Personal liability, Notice to agent is notice to principal, Termination of agency, Irrevocableagency

Unit 7 — Sale of goods

Definition of sale and agreement to sell, Conditions and warranties, Sale by non-owners · CIF, FOB, Ex-ship contract, Sale by auction, Rules relating to passing of property in goods, Rights of unpaidseller

Unit 8 — Partnership

Definition, Distinction between partnership and co-partnership, Joint Hindu Family, Limited Company, Test to determine partnership, Registration of firm, Rights and duties of partners, Minor and partnership, Reconstitution of firm, Dissolution of thefirm

Unit 9 — Limited Liability Partnership –Meaning, features and benefits of forming limited liability

Limited Liability Partnership –Meaning, features and benefits of forming limited liability partnership, Disadvantages of limited liability partnership, Differences between limited liability partnership and traditional partnership firm, Differences between limited liability partnership andCompany.