Contract - II

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Description
* The Indian Contract Act, 1872 (Sections 124 to 238)
* The Sale of Goods Act, 1930
* The Indian Partnership Act, 1932
* The Limited Liability Partnership Act, 2008
In a commercial contractual world, it is problematic to sail without deep knowledge of contract law as it is an important area of law that is deep- rooted in the history of civilization. According to Savigny "A contract is the concurrence of several persons in a declaration of intention whereby their legal relations are determined". The Contract Law codifies the way we enter into a contract, execute a contract and implement terms of a contract and provide remedies in case of breach of a contract. The objective of this book is to present the law in a simple and easy way so that the learner can understand the basic rationality of each and every statutory provision incorporated in the Indian Contract Act, 1872 (Special Contracts), Partnership Act, 1932, Sale of Goods Act, 1930 and the Limited Liability Partnership Act, 2008, Previously, the Indian Contract Act, 1872 contained provisions relating to Sale of Goods (Movable Property) and Partnership. But now these two provisions have been removed from the Act and are placed in two separate Acts known as the Sale of Goods Act, 1930 and the Indian Partnership Act, 1932. So, at present, the Indian Contract Act includes the General Principles of Contract and Special Contracts only.
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Contents
Indian Contract Act
1. Indemnity and Gurantee
2. Of Bailment and Pledge
3. Agency Appointment and Authority
Sale of Goods Act, 1930
1. Preliminary
2. Formation of the Contract
2a. Formalities of the Contract
2b. Subject Matter of Contract
2c. The Price
2d. Conditions and Warrenties
3. Effects of the Contract
3a. Transfer of Title
4. Performance of the Contract
5. Rights of Unpaid Seller Against the Goods
5a. Unpaid Seller;s Lien
5b. Stoppage in Transit
5c. Transfer by Buyer and Seller
6. Suits for Breach of the Contract
7. Miscellaneous
Partnership Act, 1932
1. Preliminary
2. The Nature of Partnership
3. Relations of Partners to One Another
4. Relations of Partners to Third Parties
5. Incoming and Outgoing Partners
6. Dissolution of a Firm
7. Registration of Firms
8. Supplemental
Limited Liability Partnership Act, 2008
1. Preliminary
2. Nature of Limited Liability Partnership
3. Incorporation of Limited Liability Partnership
4. Partners and Their Relations
5. Extent and Limitation of Liability of Partnership and Partners
6. Contributions
7. Financial Disclosures
8. Assignment and Transfer of Partnership Rights
9. Investigation
10. Conversation into Limited Liability Partnerships
11. Foreign Limited Liability Partnerships
12. Compromise, Arrangement of Recognition limited Liability Partnerships
13. Winding Up and Dissolution
14. Miscellaneous
Schedules 1 to 4
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Author Details
Prof. Ullas Kumar Saha, IRS (Retd.)
B.A (Hons), M.A, (Eco), LL.M. P.G.P.M.
Principal MIES R.M. Law College, Sonarpur, Kolkata.
Former Visiting Faculty Surendra Nath Law College, Kolkata