Click Here- 3LLB 2nd Sem All Subjects Information
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Unit-I
Indemnity and Guarantee – Contract of Indemnity, definition – Rights of Indemnity holder – Liability of the indemnified – Contract of Guarantee – Definition of Guarantee – Essential characteristics of Contract of Guarantee – Distinction between Indemnity and Guarantee – Kinds of Guarantee – Rights and liabilities of Surety – Discharge of surety. Contract of Bailment – Definition of bailment – Essential requisites of bailment – Kinds of bailment – Rights and duties of bailor and bailee – Termination of bailment – Pledge – Definition of pledge – Rights and duties of Pawnor and Pawnee – Pledge by non-owner.
Unit-2
Contract of Agency – Definition of Agent – Creation of Agency – Rights and duties of Agent – Delegation of authority – Personal liability of agent – Relations of principal and agent with third parties – Termination of Agency.
Unit-3
Contract of Sale of Goods – Formation of contract – Subject matter of sale – Conditions and Warranties – Express and implied conditions and warranties – Pricing – Caveat Emptor – Hire Purchaser Agreements.
Unit-4
Property – Possession and Rules relating to passing of property – Sale by non- owner – Nemo dat quad non habet – Delivery of goods – Rights and duties of seller and buyer before and after sale – Rights of unpaid seller – Remedies for breach.
Unit-5
Contract of Partnership – Definition and nature of partnership – Formation of partnership- Test of partnership – Partnership and other associations – Registration of firm – Effect of non-registration – Relations of partners – Rights and duties of partners – Property of firm – Relation of partners to third parties – Implied authority of partners – Kinds of partners – Minor as partner – Reconstitution of firm – Dissolution of firm – Limited Liability Partnership(LLP)