Contract-II
Swami Ramanand Teerth Marathwada University · LL.B. Semester 4
Unit 1 — Indemnity and guarantee - Indian Contract Act, 1872 [12 units]
1. Contract of Indemnity · 2. Definition, · 3. Rights of Indemnity holder · 4. Liability of the indemnifier. · Contract of Guarantee: 1) Definition 2) Essential characteristics of contract of guarantee 3) Distinction between contract of indemnity and guarantee 4) kinds of guarantee 5) Rights and liabilities of surety 6) Discharge of surety
Unit 2 — Bailment: contract of bailment (sec. 148-181 of Indian contract Act, 1872) [8 units]
1) Definition · 2) Essential requisites of Bailment · 3. Kinds of bailment · 4. Rights and duties bailer and Bailee · 5. Termination of bailment · 6. Pledge: Definition, Rights and duties of pawnor and pawnee
Unit 3 — Contract of Agency (sec. 182-238 of the Indian Contract Act 1872) [15 units]
1) Definition of Agency · 2) Creation of Agency · 3. Rights & Duties of Agent and Principal · 4 Delegation of authority · 5. Personal liability of Agent · 6. Relations of Principal with Third parties · 7. Termination of Agency.
Unit 4 — Contract of Sale of goods (The Indian sale of goods Act, 1920) [20 units]
1) Formation of contract · 2) Subject. Matter of contract of sale · 3. Conditions and warranties · 4. Express and implied conditions and warranties · 5. Caveat Emptor · 6. Property, Possession and risk · 7. Passing of property · 8. Sale by non- owners · 9. Delivery of goods · 10. Rights and duties of seller and buyer before and after sale. · 11. Rights of unpaid seller.
Unit 5 — Contract of Partnership (The Indian Partnership Act, 1932) [20 units]
1) Definition and nature of partnership · 2) Formation of partnership · 3) Test of partnership · 4) Kinds of partners Minor as partner · 5) Partnership and other associations · 6) Registration of firm · 7) Effects of non- registration · 8) Incoming and outgoing partners · 9) Relation of partners inter se · 10) Relation of partners with third parties · 11) Dissolution of firm
- Forms of business 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 6 — Negotiable Instruments [9 units]
1) The concept, definition, nature of negotiable instruments · 2) Essential elements of Negotiable Instruments · 3) Various kinds negotiable instruments · 4) Dishonor of cheque and its effect and Remedies