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Law of Contracts - II (Bailment, Pledge, Agency, etc.) PDF Print E-mail
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. 2 Define a contract of guarantee. What are the rights of surety? When is surety discharged of guarantee? What is a continuing guarantee and what are its modes of revokation? Distinguish between Guarantee and Indemnity with Illustrations.

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?

Comments (22)
  • |117.254.1.xxx |2010-01-08 07:33:44 Manoj Joshi  - To intimate about wrong answer wirtten in context

    For the question written below the answer has been written for condition under which the consent is not said to be free.
    Please correct the answer.


    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?
    Reply
  • |2010-01-08 09:13:52 admin
    Hi Manoj, Thank you for your feedback. Can you please quote the section of the answer that is wrong as well as the correct answer so that we can update it?
    Reply
  • |59.184.131.xxx |2010-11-06 20:27:32 jay
    the answer link for Q6:Agency is missing.
    Pls correct the link
    Reply
  • |117.97.9.xxx |2010-02-01 17:49:01 Retwik  - Mr.
    Can you please check the link for Q no. 6......
    when i click on that it leads to coercion,misrepresentation,fraud definition.
    I believe the answer must define Agency etc
    Reply
  • |117.194.65.xxx |2010-06-12 12:58:01 SRIJITA BASU  - CANT FIND D ANS
    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?


    WAT WILL B D ANS OF DIS PLSSS GV D LINK :angry-red: :angry: :(
    Reply
  • |115.117.128.xxx |2010-07-26 14:56:38 sana
    dear sir
    Its a fantastic work going on . Would you please tel me how can i have all the notes of CONTRACT-2
    Reply
  • |80.84.1.xxx |2011-06-01 06:01:28 Anonymous
    Hello sir, plzzz provide me notes of administrative law, land law, and criminolgy. My e-mail id -jitusodhi.83@gmail.com
    Reply
  • |49.201.116.xxx |2011-08-09 05:53:08 Udit Sethi  - Link for Q No. 6
    Sir,
    Link for the answer, of Q No. 6- Agency, is unavailable, please make it available ASAP.

    Thanks.
    Reply
  • |122.161.104.xxx |2011-08-15 16:07:54 lakshmi  - 1 case
    ajay found a defective vedio caera lying in a park. he pledged it with vijay for rs 3000. mohan the real owner came to know about it mohan sued vijay to recover his camera. ajay had incurred rs 500 on repair to make the camera operational can mohan recover his camera?


    plz reply fast ... i have to sumit the sheet
    Reply
  • |124.253.15.xxx |2011-11-10 11:57:46 anjali goyal  - bailment
    rights and duties of bailor are not given please answer this question
    Reply
  • |117.211.29.xxx |2012-03-01 05:49:54 gangatharan  - happy this subject notes
    best of one part for the sub.. but once want a good scored this examination....
    Reply
  • |124.247.224.xxx |2012-03-01 14:51:51 rajesh kumar narang
    is someone provide me the notes of LLB First year for CCS university
    Reply
  • |14.194.171.xxx |2012-05-15 03:17:47 Anonymous
    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?

    Plss help us by giving the answer..
    Reply
  • |14.99.202.xxx |2012-06-01 12:08:51 Anonymous
    Pls give the answer of the above question no.6
    Reply
  • |106.66.130.xxx |2012-06-17 12:31:36 imran  - study
    please sir all the necessary notes of agency provide this link we have wait of your notes so send the notes .thank you sir.
    Reply
  • |14.96.138.xxx |2012-07-06 09:10:18 Arpita Das  - ContractII
    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?
    Reply
  • |59.182.112.xxx |2012-09-02 15:01:32 chaitali jani
    i hve exams i m in need of notes
    Reply
  • |117.207.1.xxx |2012-09-07 12:31:11 gautam nankani  - notes for law first year
    dear sir,

    i need note for law first year in hindi can you provide me or suggest me where i get this.


    thanks
    gautam nankani
    Reply
  • |117.196.77.xxx |2012-09-25 04:06:33 VARSHA
    pls provide notes on Union and state executive election, appointment, power, position, council of members , lok sabha , rajya sabha, vidhan sabha, vidha parishad
    Reply
  • |182.185.151.xxx |2013-02-08 10:21:33 Anonymous
    :love:
    Reply
  • |117.218.132.xxx |2013-04-14 07:05:05 aniket
    please provide all question and answers
    Reply
  • |117.192.159.xxx |2013-04-16 03:28:53 Saket Bisani  - Please give the answer for the 6th one
    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?
    Reply
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Last Updated on Thursday, 29 April 2010 14:40
 

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Hanumant Deshmukh
B.Tech.(IT-BHU, Varanasi),
CFA, LLB (Hons)

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