Contract-II (Indian Contract Act, Indian Partnership Act, Sale of Goods Act and other specific contracts)
Sant Gadge Baba Amravati University · LL.B. Semester 2
Unit 1 — Indemnity
concept · definition · nature and extent of indemnifier's liability · indemnity clauses · indemnity in international transactions
Unit 2 — Guarantee
definition and distinction from indemnity · essentials · consideration · continuing guarantee · letters of credit and bank guarantees · rights of surety · co-surety · discharge of surety's liability
Unit 3 — Bailment
definition · kinds of bailees · duties and rights of bailor and bailee · finder of goods as bailee
Unit 4 — Pledge
comparison with bailment · definition · rights of pawner and pawnee · pledge by specified persons
Unit 5 — Agency
kinds of agents · agent and servant · creation of agency · duties and rights of agent · authority · liability of principal and agent · termination
Unit 6 — Sale of goods
essentials · conditions and implied terms · caveat emptor · transfer of title and passing of risk · delivery · unpaid seller and his rights · remedies for breach
Unit 7 — Partnership
nature, definition · advantages and disadvantages vis-a-vis private limited company · mutual relations · authority of partners · admission and outgoing partners · registration · dissolution
- Forms of business organization
- Factors taken into consideration for choice of 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
Unit 8 — Negotiable Instruments Act
concept · kinds · essentials · parties · acceptance · dishonour · holder and holder in due course · negotiation · presentation · cheques, liability of banker · kinds of bills · evidence