Law of Contract - II
SNDT Women's University · LL.B. Semester 2 · 2001
Unit I — Module I (1 credit): Indemnity and Guarantee; Bailment and Pledge
Indemnity and Guarantee: meaning, distinction, rights/duties of indemnifier, indemnified and surety, discharge of surety, kinds of guarantee · Bailment and Pledge: meaning, rights and duties of bailor/bailee and pawnor/pawnee, lien, termination of bailment
Unit II — Module II (1 credit): Agency
Definitions of agent and principal; essentials; creation of agency by agreement, ratification and law; relation of principal/agent, sub-agent and substituted agent; termination of agency
Unit III — Module III (1 credit): Specific Relief Act, 1963
Recovery of property · Specific performance of contracts · Injunctions: temporary and perpetual, mandatory
Unit IV — Module IV (1 credit): The Indian Partnership Act, 1932
Nature of partnership firm; relations of partners inter se and to third parties; holding out; minor as partner · Incoming and outgoing partners · Dissolution (by consent, agreement, compulsory, contingent, notice, Court); consequences; registration of firms and effects of non-registration
- 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