Syllabus

📘 INDIAN CNTRACT ACT-II

Introduction

1. Meaning of Law of Indemnity

2. Contract of Indemnity – Definition

Essentials

3. Essential elements of Contract of Indemnity

Rights

4. Rights of Indemnity Holder

5. Rights of Indemnifier

🔹 Unit II – Contract of Guarantee

Basic Concepts

1. Definition of Contract of Guarantee

2. Consideration in a Contract of Guarantee

3. Essentials of Contract of Guarantee

4. Law relating to Bank Guarantee

Distinction

5. Contract of Indemnity vs Contract of Guarantee

6. Insurance, Guarantee and Indemnity – Distinguished

Continuing Guarantee

7. Meaning of Continuing Guarantee

8. Revocation of Continuing Guarantee

Surety

9. When Surety is not discharged – Exceptions

10. Invalid Guarantees

11. Rights of Surety

12. Law relating to Co-sureties

13. Rights of Surety against Co-surety

🔹 Unit III – Contract of Bailment and Pledge

Bailment

1. Definition and Meaning

2. Essentials of Bailment

3. Kinds of Bailment

4. Rights, Duties and Liabilities of Bailor

5. Rights, Duties and Liabilities of Bailee

Lien

6. Meaning of Lien

   • General Lien

   • Particular (Specific) Lien

7. Difference between Particular Lien and General Lien

Finder of Goods

Pledge

8. Definition and Essentials

9. Pledge vs Lien

10. Pledge vs Bailment

11. Rights and Liabilities of Pawnee

12. Rights of Pawnor

13. Pledge by persons other than the true owner

🔹 Unit IV – Law of Agency

Basic Concepts

1. Appointment of Agent

2. Meaning of Agent and Principal

3. Who can appoint an Agent?

4. Who can employ an Agent?

5. Test of Agency

Creation of Agency

6. Modes of Creation of Agency

7. Ratification and Rules governing Ratification

Types of Agents

8. Classification of Agents

9. Sub-Agent

10. Relationship between Principal, Agent and Sub-agent

Authority of Agent

11. Agent’s Authority

12. Implied Authority

13. Effect of Agent’s Authority

Termination

14. Revocation and Renunciation of Agent’s Authority

15. Rights, Duties and Liabilities of Principal and Agent

16. Termination or Determination of Agency

17. Effect of Termination

 Set out a range of subject specific, cognitive and transferable skills within the purview of Law of Indemnity & Guarantee, Bailment & Pledge and Law of Agency. This course equips the students to better appreciate the legal services required in a corporate office so that he can enhance his relevance as a employee.