C.L.3. Special Contracts (Law of Contract – II)
- Indemnity – definition-rights ad liabilities of the indemnifier and indemnified - guarantee - continuing guarantee – nature and duration of liability - rights and liabilities of parties.
- Agency – kinds of agency – creation of agency – rights, duties and liabilities of agents – liability of principal for act of agents - termination of agency – contract of bailment and pledge- rights and liabilities of bailor and bailee- rights and liabilities of pawner and pawne.
- Partnership - nature and creation – types of partnership- mutual relationship of partners - authority of partners - rights and liabilities of partners- admission of new members – partnership property - dissolution of partnership – registration of partnership.
- Sale of goods – concept of sale – subject matter of sale – conditions and warranties –passing of property and risk – delivery of goods- rights of unpaid seller – remedies for breach.
- Negotiable instruments - essential requirements – promissory notes, bill of exchange and cheques - holder in due course.
Suggested readings:
- Avtar Singh, Principles of Mercantile Law.
- Pollock and Mulla, Indian Partnership Act.
- Friedman, Law of Agency.
- Geoirey Morse, Partnership Law.
- Benjamin's, Sale of Goods.
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