Contract II – Simplified

Contents

i. List of Case -Laws
ii. Question bank

Special Contracts
1. Contract of Indemnity :
 Meaning
 Parties
 Ingredients
 Rights and Liability
 Whether Insurance in a contract of Indemnity
 Conclusion.
Multiple Choice Questions

2. Contract of Guarantee :
 Meaning.
 Parties.
 Nature of Contract of Guarantee.
 Fiduciary Relationship.
 Kinds of guarantees.
 Rights of Surety.
 Liabilities of Surety.
 Position of Surety.
 Revocation of Surety.
 Distinction between contract of Indemnity and contract of guarantee.
Multiple Choice Questions

3. Contract of Bailment :
 Meaning
 Parties
 Essentials
 Kinds of Bailment
 Duties and Rights of Bailer
 Duties and Rights of Bailer
 Lien
 Termination of Bailment
 Finder of Goods.
 Rights of Finder of Goods and obligation.
 Multiple Choice Questions

4. Contract of Pledge :
 Meaning
 Parties
 Essentials of Pledge
 Advantage of pledge
 Rights and duties of Pawnee
 Rights and duties of Pawn or
 Who can Pledge
 Hypothecation and pledge distinguished
5. Contract of Agency :
 Meaning.
 Parties.
 essentials of Agency.
 Who can employ an agent.
 Who may be an agent
 Creation of Agency.
 Classification of Agents
 Wife as the Agent.
 Sub Agent and Substituted Agent.
 Rights and duties of Agent.
 Duty and Liability of Principal.
 Personal Liability of an Agent.
 Termination of Agency.
 Undisclosed Principal.
 Concealed Principal
 Relationship between Principal, Agent and third Parties.
Multiple Choice Questions

6. The Indian Partnership Art, 1932 :
 Introduction
 Definition — Partner, Firm, Firm Naine
 Essential
 Mutual Agency
 Partnership not created by status.
 Mode of determining Existence of Partnership.
 Partnership at will
 Particular partnership.
  Distinction :
 Partnership and Co-ownership.
 Partnership and-Company.
 Partnership and-Joint Hindu Family.
  Minor and Partnership.
  Relationship of Partners-Duties and Rights of Partners.
  Partnership Property.
  Incoming and outgoing partners.
  Registration of Firm and Effect of non Registration.
 Dissolution of a Firm & consequences.
Multiple Choice Questions

7. The Sale of Goods Act, 1930
  Introduction.
  Definition -Sale, Seller and buyer.
  Essential of valid Sale.
  Sale and Agreement to sell -Distinction.
  Condition and warranties -Distinction.
  Doctrine of caveat-Emptor.
  Unpaid seller and his Rights.
  Stoppage-in -Transit.
  Suit for breach of contract.
  Auction Sale
  Performance of the contract of sale.
  Goods.
  Delivery.
  Future Goods.
  Document of title to goods
  Transfer of property.
  Price
 Multiple Choice Questions