The law of contract is important to carry on trade or commerce smoothly because it introduces definiteness in the business transactions.
Contract Law is a form of civil law. Contract Law defines a contract as an agreement that is enforceable by law.
Objectives:
This course enables the students to better appreciate the law governing special contracts like, indemnity, guarantee, agency, etc. which are more relevant in contemporary society.
Law contained in several legislations apart from the Indian Contract Act is taught in this Course.
UNIT — I
- Contract of Indemnity —Definition
- Nature and Scope – Rights of indemnity holder Commencement of the indemnifier’s liability
- Contract of Guarantee — Definition
- Nature and Scope — Difference between contract of indemnity and Guarantee
- Rights of surety — Discharge of Surety — Extent of Surety’s liability — Co-surety.
UNIT — II
- Contract of Bailment — Definition — Kinds
- Rights and Duties of Bailor and Bailee — Rights of Finder of goods as Bailee
- Contract of pledge — Definition —
- Comparison with Bailment — Rights and duties of Pawnor and Pawnee
UNIT — III
- Agency — Definition
- Creation of Agency — Kinds of Agents — Distinction between Agent and Servant
- Rights and Duties of Agent — Relation of Principal with third parties — Delegation
- Duties and Rights of Agent — Extent of Agents authority
- Personal liability of Agent — Termination of Agency.
UNIT — IV
- Indian Partnership Act — Definition — Nature
- Mode of determining the existence of Partnership
- Relation of Partner to one another — Rights and duties of partner
- Relation of partners with third parties — Types of partners — Admission— Retirement
- Expulsion of partners Dissolution of Firm — Registration of Firms.
UNIT — V
- Sale of Goods Act — The Contract of sale — Agreement to sell
- Conditions and Warranties — Passing of property
- Transfer of title — Performance of the Contract
- Rights of Unpaid Seller — Remedies for Breach of Contract.
Prescribed Book
- Singh, Avtar, Law of Contract and Specific Relief, 11th Edition, (Lucknow: Eastern Book Company, 2013)
- Verma J.P (ed.,) Singh and Gupta, The Law of Partnership in India, (New Delhi: Orient Law House, 1999)
- Saharay H.K, Indian Partnership and Sale of Goods Act, (Universal, 2000)
- Nair, Krishnan, Law of Contract,( New Delhi: Orient Law House, 1999)
- Hire Purchase Act
Reference Books
- Pollock and Mulla, Indian Contract and Specific Relief Act. 14th Edition, (New Delhi: Lexis Nexis, 2013)
- Anson, William, Law of Contact, 29th Edition, (Oxford University Press, 2010)
- Avtar Singh, Principles of the Law of Sale of Goods and Hire Purchase, (Lucknow; Eastern Book House Ltd, 1998)
- Sir Frederick Pollock and Malla, Pollock and Mulla on the Sale of Goods Act, 9 Edition, (Lexis Nexis: 2014)
- J.P. Verma (ed.}, Singh and Gupta. The law of partnership in India (New Delhi: Orient Law House, 19994)
Law of Contract-II (Special Contracts) Syllabus PDF Download
