Equality before Law and Equal Protection of Law
|Law of Contracts - II (Bailment, Pledge, Agency, etc.)|
|Written by Hanumant's Law Journal|
|Tuesday, 08 September 2009 01:31|
Law of Contracts - II (Indemnity, Guarantee, Bailment, Pledge, Agency, and Partnership Act)
Q. 1 Define a contract of Indemnity. What are the essential elements of a contract of Indemnity? What are the rights of Indemnity holder?
Q. 3 Define Bailment. What are the rights, duties, and liabilities of a bailee? When is he not responsible for loss, destruction, or deterioration of the things bailed? What are the various kinds of lien held by the bailee. Explain the rights of finder of goods.
Q. 4 What is pledge? What are the essentials of pledge. Can a pledge be made by a person who is not the owner of goods? What is the difference between bailment and pledge? Explain Pawner's right to redeem.
Q. 5 Define partnership. Is sharing of profit conclusive proof of partnership? Explain "partners are agents of each other". What are the mutual rights and liabilities of the partnenrs? What are the liabilities of the partners after dissolution? Retirement of a partner. Can minor be admitted to the benefits of partnership? If yes, what are the rights and liabilities of such a minor after attaining majority? What is implied authority of a partner? Can it be restricted? Can a partner be expelled? If so, when? Is the registration of a partnership firm compulsary? What are the consequences of non-registration? What is the procedure for registration? Can a partner of an unregistered firm bring a suit against a third party to release the property of the dissolved firm? Explain various modes of dissolution of the Firm.
Q. 6 Define Agency. Is a notice to agent notice to principal? Explain vicarious liability of the principal. What are the various ways an agency can be created? Describe the rights and duties of an agent towards his principal. An agent cannot delegate his auhority. Explain. Describe modes of termination. What are theeffects of termination?
|Last Updated on Thursday, 29 April 2010 14:40|
CFA, LLB (Hons)