BLAW Book Guide For Finals
Chapter 7 Contingent and quasi contracts
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1. Meaning and definition
2. Performance of contingent contracts
a. Happening of event
b. Non-Happening of event.
c. Dependent on Future Conduct
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d. Happening of event within fixed time
e. Non happening of event within fixed time
f. Happening of Impossible event
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1. Quasi Contract
a. Meaning and definition
b. Circumstances of Quasi Contract
i. Liability for Necessaries
ii. Payment by interested person
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iii. Compensation for Non-Gratuitous Act
iv. Finder of Goods
v. Mistake or coercion
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Chapter 8 Performance of Contract
1. Meaning and definition
2. Performance of single promise
a. Demand for performance
i.
Promisee
ii.
Legal representative
iii.
Third party
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3. Performance of contract
a. Promisor
b. Agent
c. Legal representatives
d. Third person
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4. Performance of joint promise
a. Demand for performance
i.
Promisee
ii.
Legal representatives
b. Performance of contract
i.
All promisors
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ii.
Any one of promisors
iii.
Demand for contribution
iv.
Default in contribution
v.
Release of promisor
c. Assignment of contract
i.
Act of parties
A. Contractual liabilities
B. Contractual rights
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ii.
Operation of Law
A. Death
B. Insolvency
5. Reciprocal Promise
a. Simultaneous performance
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b. Order of Performance
c. Prevention of performance
d. Conditional Performance
e. Legal and illegal promises
f. Alternative promise
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6. Time and place of performance
a. Reasonable time
b. Specified Date
c. Proper Place
d. Reasonable place
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e. Prescribed by promise
7. Time is of the essence contract
a. Essence of contract
b. Not essence of contract
c. Delayed Performance
8. Appropriation of Payment
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a. Appropriation by Debtor
b. Appropriation by creditor
c. Appropriation by Law
9. Contract need not to be performed
a. Termination by Agreement
b. Remission by promise
c. Voidable contract
d. Refusal to accept performance
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Chapter 9: Discharge of Contract
Meaning
1. Modes of Discharge of Contract
a. Actual Performance
b. Offer to perform
2. Discharge by Agreement
a. Novation
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b. Alteration
c. Rescission
d. Remission
e. Waiver
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3. Discharge by subsequent impossibility
a. Destruction of subject matter
b. Change in circumstances.
c. Death or personal incapacity
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d. Change of law
e. Declaration war
4. Discharge by lapse of time
5. Discharge by Operation of Law
a. Insolvency
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b. Merger
c. Material Alteration
6. Discharge by Breach of contract
a. Actual Breach
b. Anticipatory breach
Effects of Anticipatory Breach
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Chapter 10: Breach of contract
1. Meaning
2. Suit for rescission
3. Suit for Damages
a. Ordinary Damages
b. Special Damages
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c. Exemplary Damages
d. Liquidated Damages
e. Nominal Damages
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4. Suit upon Quantum Meruit
5. Suit for specific performance
6. Suit for injunction
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Chapter 11 INDEMNITY AND GUARANTEE
1. MEANING and definition
2. Essentials
a. Special contract
b. Indemnity by promisor
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c. Reason for loss
3. Rights of indemnity holder
a. Recovery of damages
b. Recovery of expenses
c. Recovery of amount
4. Rights of indemnifier
Contract of Guarantee
1. Meaning and definition
2. Essentials
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a. Tripartite contract
b. Consideration
c. Misrepresentation
d. Concealment
e. Primary liability
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f. Oral or written
g. Capacity of parties
Difference between Indemnity and Guarantee
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3. Kinds of Guarantee
a. Specific Guarantee
b. Continuing Guarantee
4. Rights of surety
a. Against Creditor
i. Securities
ii. Counter claim
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b. Against principal Debtor
iii. Subrogation
iv. Indemnity
v. Against Co-sureties
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5. Discharge of Surety
a. Notice of revocation
b. Death of surety
c. Change in terms of contract
d. Discharge of principal debtor
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e. Arrangement
f. Creditors act or omission
g. Loss of security
h. Invalidation of contract
i. jsjs
Page 95
Chapter 12 Bailment and Pledge
Contract of Bailment
1. Mean and definition of bailment
2. Essentials
a. Contract
b. Specific Performance
c. Change of Possession
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d. Return of Goods
3. Kinds of Bailment
a. Benefit
A. Benefit of Bailor
B. Benefit of Bailee
C. Benefit of Bailor and Bailee
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b. Reward
A. Gratuitous Bailment
B. Non Gratuitous Bailment
4. Duties of Bailor
a. Disclosure of Faults
b. Payment of Expenses
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c. Compensation on termination
d. Compensation for defective title
e. Recovery of goods
5. Rights of Bailor
a. Recovery of damages
b. Termination of bailment
c. Unauthorized use
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d. Mixture of goods
e. Demand of goods
f. Demand of increase
g. Suit against third party
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6. Duties of Bailor
a. Reasonable care
b. Unauthorized use
c. Mixing of goods
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d. Return of goods
e. Return of increase
7. Rights of Bailee
a. Claim of damages
b. Recovery of expenses
c. Right of indemnity
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d. Recovery of loss
e. Delivery of goods
f. Right of lien
g. Suit against third person
8. Termination of bailment
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a. Expiry of time
b. Accomplishment of purpose
c. Unauthorized use
d. On death
e. Termination by bailor
f. Destruction of subject matter
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9. Finder of lost goods
a. Duties of finder
A. Find owner
B. Reasonable care
C. Unauthorized use
D. Mixture of goods
b. Rights of finder
A. Right to retain
B. Right of lien
C. Suit against third person
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D. Suit for reward
E. Right of sale
Pledge or Pawn
1. Meaning and definition
2. Essentials of pledge
a. Movable goods
b. Limited interest
c. Transfer of possession
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3. Rights of pledge
a. Right to retain
b. Particular debt
c. Recovery of expenses
d. Sue and sell
4. Duties of Pledgee
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5. Rights of pledgor
a. Redeem the goods
b. Recovery of damages
c. Claim of increase
6. Duties of pledgor
a. Payment of expenses
b. Payment of debt
Difference between pledge and bailment
Hypothecation
Mortgage
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Chapter 13 Contract of Agency
1. Meaning and definition
2. Essentials of agency
a. Agreement
b. Competent to contract
c. Consideration
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3. Kinds of Agents
a. General Agent
b. Special agent
c. Universal Agent
d. Mercantile Agent
e. Comission Agent
f. Del Credere Agent
g. Broker
h. Auctioneer
i. Indenter
j. Banker
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k. Advocate
4. Creation of Agency
a. Express Agency
b. Implied Agency
A. Agency by Estoppel
B. Agency by Holding out
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C. Agency by necessity
D. Agency by Ratification
E. Agency by Operation of law
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5. Duties of Agent
a. Direction or customs
b. Skill and care
c. Submission of Accounts
d. Contact with principal
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e. Protection of interest
f. Disclosure of facts
g. Return of benefit
h. Payment of Amount
i. Delegation of Authority
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6. Rights of Agent
a. Retention of money
b. Renumeration
c. Lien
d. Indemnity for lawful acts
e. Indemnity for acts in good faith
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f. Compensation for injury
g. Stoppage of goods
7. Rights of principal
a. Recovery of loss
b. Recovery of benefit
c. Refusal to indemnify
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8. Duties of principal
a. Renumeration
b. Indemnity for lawful acts
c. Indemnity for acts in good faith
d. Compensation for injury
9. Termination of agency
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a. Agreement
b. Revocation by principal
c. Revocation by agent
d. Completion of business
e. Expiry of time
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f. Death of principal or agent
g. Insanity of principal
h. Insolvency of principal
i. Destruction of subject matter
j. Alien enemy
k. Change of law
Page 121
Chapter 14: Contract of sale of goods
1. Sale of goods act
2. Contract of sale of goods
3. Essentials
a. Contract
b. Seller and buyer
c. Transfer of property
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d. Goods
e. Price
f. Sale and Agreement to sell
4. Difference between sale and agreement to sell
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5. Types of goods
a. Existing goods
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A. Specific goods
B. Ascertained goods
C. Unascertained goods
b. Future and contingent goods
6. Perishing of goods
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a. Perishing before contract perishing after agreement to sell
7. Fixation of price
a. Parties
b. Agreed method
c. Course of dealings
d. Third party
e. Reasonable price
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Chapter 15: Conditions and warranties
1. Condition
2. Warranty
3. Difference between condition and warranty
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4. Condition treated as warranty.
5. Express and implied conditions and warranties
6. Implied conditions
a. Title
b. Sale by description
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c. Sale by description
d. Sale by sample
e. Sale by sample and description
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f. Fitness or quality
g. Merchantable quality
h. Hidden defect
7. Implied warranties
a. Quiet possession
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b. Free from encumbrance
c. Custom of trade
d. Dangerous goods
8. Doctrine of Caveat Emptor
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Exceptions of Caveat Emptor
1. Purchase by description
2. Purchase by sample
3. Purchase by sample and description
4. Fitness for purpose
5. Merchantable quality
6. Dangerous goods
7. Fraud
8. Misrepresentation
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Chapter 16: Transfer of Property
1. Transfer of property
2. Rules of Transfer of property
a. Unascertained goods
b. Intention of parties
c. Deliverable state
d. Not in deliverable state
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e. Determination of price
f. Appropriation
g. Delivery to carrier
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h. Delivery on approval
3. Sale by non owner
a. Person not owner
b. Mercantile Agent
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c. Joint owner
d. Voidable contract
e. Possession after sale
f. Possession before sale
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g. Unpaid seller
h. Finder of goods
i. Pledgee
j. Other exception
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Chapter 17: Performance of contract of sale
1. When the contract is silent in its terms
a. Seller and buyer
b. Delivery and payment
c. Mode of Delivery
d. Part delivery
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e. Apply for delivery
f. Place of delivery
g. Time of delivery
h. Possession of third party
Page 141
i. Expenses of delivery
j. Wrong delivery
k. Delivery By installment
l. Delivery to carrier
m. Delivery at distinct place
n. Examining the goods
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o. Acceptance of delivery
p. Rejection of goods
q. Refusal to take delivery
2. Rights of Buyer
a. Take delivery
b. Rejection of goods
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c. Notice of insurance
d. Examining goods
e. Sue for damages
f. Sue for price
g. Sue for performance
h. Sue for breach of warranty
i. Cancel the contract
j. Sue for interest
3. Duties of buyer
a. Apply for delivery
b. Risk of deterioration
c. Inform seller
d. Take delivery
e. Payment of price
f. Payment of damages
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Chapter 18: Unpaid seller
1. Definition
2. Features
3. Rights of Unpaid seller
a. Rights against goods
A. Right of lien
Page 146
B. Right of stoppage
C. Right of resale
Page 147
b. Rights against Buyer
A. Suit for price
B. Suit for non-acceptance
C. Suit for special damages and interest
4. Rights of Buyer
a. Suit for non-delivery
Page 148
b. Suit for specific performance
c. Suit for breach of warranty
d. Cancellation and damages
e. Suit for special damages and interest
5. Auction sale
a. Goods in lots
b. Completion of sale
c. Withdrawal of bid
d. Right of seller to bid.
e. Pretended to bid.
f. Reserve price
g. Seller’s right
h. Amount of tax
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Chapter 32: Partnership
1. Partnership act
2. Meaning and definition
3. Characteristics
a. Legal entity
b. Agreement
c. Number of partners
d. Purpose of partnership
Page 256
e. Share profits
f. Mutual agency
g. Unlimited liability
h. Transfer of ownership
i. Duration
4. Types of partnerships
a. Partnership-at-will
b. Particular partnership
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5. Minor Partner
a. Position during minority
b. Position after majority
c. Decision to become partner.
d. Decision not to become partner.
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6. Partnership deed
7. Firms name
Page 259
8. Registration of firm
a. Submission of application
b. Certification
c. Change of particulars
d. False information
9. Effects of non-registration
a. Suit by partner
b. Suit by firm
c. Suit against partner
d. Suit by third party
e. Claim for adjustment
Page 260
10. What does the non-registration of a firm not effect
11. Rights of partners
a. Management of business
b. Expression of opinion
Page 261
c. Inspection of books
d. Sharing to profits
e. Interest on capital
f. Interest on advances
g. Indemnity
h. Action in emergency
i. Consent to new partner
j. Retirement
k. Expulsion of partner
l. Competing business
m. Claims to profit or interest
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12. Duties of partners
a. Carry on business
b. Just and faithful
c. Render accounts
d.
e.
f.
g.
h.
i.
j.
k.
l.
m.
Provide information
Indemnity
Attend diligently
Share losses
Indemnity for willful neglect
Use of property
Account for personal profits
Account for profits
Individually and joint liable
Transfer of rights
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13. Liabilities of partners
a. Liability of partner for acts of firm
b. Liability of firm for wrongful act
c. Liability of firm for misapplication
d. Liability of retiring partner
14. Implied authority of partner
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15. Incoming and outgoing partner
a. Introduction of partner
b. Retirement of partner
c. Expulsion of partner
d. Insolvency of partner
e. Death of partner
16. Dissolution of firm
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17. Grounds of dissolution
a. Dissolution by agreement
b. Compulsory dissolution
c. Contingent dissolution
d. Dissolution by notice
e. Dissolution by notice
f. Dissolution by court
g. Insanity
h. Permanent incapacity
i. Misconduct
j. Breach of agreement
k. Transfer of interest
l. Continuous losses
m. Just and equitable
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18. Consequences of dissolution
a. Partners on dissolution
b. Application of property
c. Continuing authority
d. Personal profit
e. Demand of premium
f. Fraud and misrepresentation
g. Firms name or property
Page 267
19. Settlement of accounts on dissolution
a. Sharing of deficiency
b. Application of assets
c. Payment of debts
d. Sale of goodwill
Page 269
Chapter 33: LLP
1. Limited liability partnership act
2. Meaning and definition
3. Characteristics
a. Separate legal personality
b. Perpetual succession
c. Capacity
d. Name
e. Body corporate
Page 270
f. Partners
g. Designated partner
h. Liability of partnership
i. Liability of partners
j. Transferable interest
k. Conversion
Page 271
4. Registration
a. Incorporation document
b. Name
c. Registration of incorporation document
Page 272
5. Relationship of partners
6. Cessation of partners interest
page 273
7. Financial disclosure
a. Books of accounts and audit
b. Inspection of documents
c. Penalty for false statement
d. Registration of documents
e. Inspection by registrar
8. WINDING UP AND DISSOLUTION