Contract Act-II
Dr. Ram Manohar Lohia National Law University · LL.B. Semester 3
Unit I — Contract of Indemnity and Guarantee
Definition and Meaning · Distinction: English and Indian Law · Distinction between Indemnity and Guarantee · Distinction: Pledge, Hypothecation, Bailment, Lien and Mortgage · Rights of indemnity holders and Indemnifier · Essential of a contract of guarantee · Rights of a surety, Liability of a surety
Unit II — Contract of Bailment, Pledge and Hypothecation
Definition · Essential Features · Duties of Bailor and Bailee · Rights of Bailee · Rights and Duties of Finder · Pledge and Hypothecation:- Subject Matter of Pledge · Termination of Pledge · Rights of Pledgee/Pawnee Pledger/Pawnor
Unit III — Agency
Creation of Agency · Kinds of Agents: Real-estate Agent etc. · Rights and Duties of Agent · Undisclosed Principal · Termination of Agency
Unit IV — Law of Partnership and Sale of Goods
Essential Features of Partnership · Relation between Partners and Third Parties · Dissolution of partnership Firm · Sale of Goods; - Meaning and Definitions · Implied Conditions and Warranties · Remedies under the Consumer Protection Act, 2019 · Effects of the Contract · Transfer of Title · Rights of Unpaid Seller
- 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
- Significance of transfer of property
- Concept of buyer and seller
- Difference between sale and hire purchase
- Difference between sale and Agreement to Sell Condition and Warranty
- Delivery of goods and its rules
- Rules relating to passing of the property
- Unpaid Seller — Rights and Remedies Auction Sale
- Consumer Disputes Redressal Agencies: District Commission, State
Unit V — Limited Liability Partnership
The Limited Liability Partnership Act, 2008: - Nature of Limited Liability of Partnership · Incorporation of Limited Liability of Partnership · Partners and their relations · Extent and limitation of liability of Limited liability Partnership · Contributions
- 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