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The course focuses on indemnity and guarantee, including definitions, distinctions, rights and liabilities, suretyship, disclosure, and discharge. It further introduces bailment and sale of goods, with rules on conditions, warranties, delivery, title, remedies, and auction sale. The syllabus also covers agency and partnership, including authority, ratification, termination, partner duties, liability, property, settlement of accounts, retirement, and dissolution.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/contracts-ii-unit-i-indemnity-and-guarantee/290162/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/contracts-ii-unit-i-indemnity-and-guarantee/290162.png","ImageObject",300,407,{"name":92,"@type":93},"Marry","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-04","2026-09-17",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",12,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What topics are included in Unit I under Contracts-II?","Question",{"text":113,"@type":114},"Unit I covers indemnity and guarantee, including their definitions, distinctions, rights of parties, suretyship liability, kinds of guarantees, disclosure duties, and discharge of surety.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"How does the syllabus address bailment in Unit II?",{"text":118,"@type":114},"Unit II includes bailment definitions (Indian and English), essential elements, classification, distinctions from pledge, and the rights and duties of bailor and bailee.",{"name":120,"@type":111,"acceptedAnswer":121},"What subjects are covered in Unit IV and Unit V?",{"text":122,"@type":114},"Unit IV focuses on agency, including creation, types of authority, ratification, notice effects, undisclosed principal, and termination. Unit V covers partnership, including essentials, kinds of partners, rights and duties, minor partner issues, liability, partnership property, settlement of accounts, retirement, and dissolution.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},290162,1789640818,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":140,"language":141,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":142,"faqs":143,"seo_title":144,"seo_description":67,"update_tm":130,"read_time":145},5909892079670,"https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c","THE TAMIL NADUDr.AMBEDKAR LAW UNIVERSITY  \n(State University Established by Act No.43 of 1997)  \nM.G.R.Main Road,Perungudi,Chennai-600096.  \nCONTRACTS-IIFIRST YEAR-SECOND SEMESTERSTUDYMATERIAL  \nBy  \nMr.Ranjit Oommen AbrahamAsst.ProfessorDept.of Business LawsSchool of Excellence in Law  \nThe Tamil Nadu Dr.Ambedkar Law UniversityChennai  \nMESSAGE  \nKnowledge is power.Legal Knowledge is a potential power.It can beexercised effectively everywhere.Of all the domains of reality,it is LegalKnowledge,which deals with rights and liabilities,commissions and omissions,etc.,empower the holder of such knowledge to have prominence over the rest.Law Schools and Law Colleges that offer Legal Education vary in their stature onthe basis of their ability in imparting the quality Legal Education to the students.Of all the Law Schools and Colleges,only those that educate their students tounderstand the nuances of law effectively and to facilitate them to think originally,excel.School of Excellence in Law aims to be in top of such institutions.  \nThe revolution in Information and Communication Technology dumplot of information in the virtual world.Some of the information are mischievousand dangerous.Some others are spoiling the young minds and eating away theirtime.Students are in puzzle and in dilemma to find out the right information anddata.They do not know how to select the right from the wrong,so as to understand,internalise and assimilate into knowledge.Hence in the present scenario,the roleof teachers gains much more importance in guiding the students to select thereliable,valid,relevant and suitable information from the most complicated,perplexed and unreliable data.  \nThe teachers of the School of Excellence in Law have made a maidenattempt select,compile and present a comprehensive course material to guide thestudents in various subjects of law.The students can use such materials as guidanceand travel further in their pursuit of legal knowledge.Guidance cannot be a completesource of information.It is a source that facilitates the students to search furthersource of information and enrich their knowledge.Read the materials,refer relevanttext books and case laws and widen the knowledge.  \nDr.P.VanangamudiVice-Chancellor  \n# SUBJECT:CONTRACTS-II\n\nSUBJECT CODE:HVJ  \n(Indian Contract Act,Indian Partnership Act,Sale of Goods Act and OtherSpecific Contracts).  \n## UNIT -I:Indemnity and Guarantee\n\nDefinition-English and Indian  \nDistinction between indemnity and guarantee.  \nRights of the indemnity holder.  \nRights of the indemnifier.  \nImplied indemnity dealt with Section 59,145,164 and 222 of the Contract Act.  \nCodification not exhaustive-principles ofequity applicable.  \nDefinition-English and Indian definitions.  \nEssentials and nature of guarantee.  \nDistinction between guarantee and indemnity-guarantee and insurance.  \nElements of consideration in a contract of guarantee.  \nNature and quantum of surety's liability.  \nKinds of guarantee and their incidents.  \nSuretyship arises on contract and not on notice-position in English Law.  \nDuty of disclosure in guarantee.  \nRights of surety against principal debtor-credit-co-sureties-difference in  \nEnglish Law-Circumstances which a surety discharges.  \n## UNIT -II:Bailment\n\nDefinition-Indian and English definitions.  \nEssentials of bailment and classification of bailment.  \nDistinction between bailment and pledge-deposit-sale-agency.  \nRights and duties of the bailor and bailee-difference in English Law.  \nPledge-definition-Rights of the Pawner and Pawnee.  \nPledge by non-pawners.  \nLien-kinds of lien-their nature and incidents-how lost  \n## UNIT -III:Sale of Goods\n\nDefinition of sale and agreement to sell-distinction between sale and  \nagreement to sell-Contract of work and layout.Hire purchase  \nagreement-Bailment-Exchange-Gift.  \nDefinition-goods-specific goods-future goods-Mercantile agent-Documentsof title of goods.  \nHow is sale made-rules for fixing price and effect of goods getting damag","cbCaiesCdjlKLp3h","https://ap.wps.com/l/cbCaiesCdjlKLp3h","pdf",4514734,68,"English","# UNIT -I: Indemnity and Guarantee\n## UNIT -II: Bailment\n## UNIT -III: Sale of Goods\n## UNIT -IV: Agency\n## UNIT -V: Partnership","[{\"question\":\"What topics are included in Unit I under Contracts-II?\",\"answer\":\"Unit I covers indemnity and guarantee, including their definitions, distinctions, rights of parties, suretyship liability, kinds of guarantees, disclosure duties, and discharge of surety.\"},{\"question\":\"How does the syllabus address bailment in Unit II?\",\"answer\":\"Unit II includes bailment definitions (Indian and English), essential elements, classification, distinctions from pledge, and the rights and duties of bailor and bailee.\"},{\"question\":\"What subjects are covered in Unit IV and Unit V?\",\"answer\":\"Unit IV focuses on agency, including creation, types of authority, ratification, notice effects, undisclosed principal, and termination. Unit V covers partnership, including essentials, kinds of partners, rights and duties, minor partner issues, liability, partnership property, settlement of accounts, retirement, and dissolution.\"}]","CONTRACTS-II - UNIT -I: Indemnity and Guarantee | PDF",171]