Complete course · Law of Contract II (Specific Contracts)
Full-length lecture with 31 chapters
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This comprehensive lecture covers the entire syllabus of Contract Law II (Special Contracts) in a single video. It explains the legal principles of indemnity, guarantee, bailment, pledge, and agency under the Indian Contract Act, alongside the Sale of Goods Act, 1930, and the Indian Partnership Act, 1932. The session also addresses Limited Liability Partnerships, constitutional mandates for government contracts, and standard commercial agreements with landmark case laws.
In this video you will learn:
• Understand the distinction between indemnity and guarantee, and the co-extensive liability of sureties.
• Master bailment and pledge concepts, bailee duties, liens, and pawnee remedies.
• Learn the creation, ratification, agent duties, and termination of agency relationships.
• Analyze conditions, warranties, caveat emptor, passing of property, and unpaid seller rights in sale of goods.
• Examine the mutual agency test of partnership, firm registration effects under Section 69, and dissolution.
• Review constitutional requirements for valid government contracts under Article 299.
• Explore modern commercial agreements including escrow, franchise, and unfair consumer terms.
Topics covered:
• Contract of Indemnity (Sections 124-125)
• Contract of Guarantee and Surety Liability (Sections 126-147)
• Discharge and Rights of Surety
• Bailment Essentials, Duties, and Rights (Sections 148-171)
• Pledge, Pawnee Rights, and Hypothecation (Sections 172-179)
• Law of Agency: Creation, Ratification, and Revocation (Sections 182-238)
• Sale of Goods: Definition of Goods, Sale vs Agreement to Sell
• Conditions and Warranties & Caveat Emptor
• Transfer of Property, Risk, and Nemo Dat Quod Non Habet
• Rights of Unpaid Seller
• Partnership Law: Nature, Test of Partnership, and Section 69
• Relations of Partners, Minors, and Dissolution of Firm
• Limited Liability Partnership Act, 2008
• Government Contracts and Article 299 Formalities
• Standard Form, Escrow, Franchise, and Consumer Contracts
Important case laws:
• Gajanan Moreshwar Parelkar v Moreshwar Madan Mantri (1942)
• Bank of Bihar Ltd v Damodar Prasad (1968)
• Taj Mahal Hotel v United India Insurance Co Ltd (2019)
• Syndicate Bank v Vijay Kumar (1992)
• Tata Consultancy Services v State of Andhra Pradesh (2004)
• State of Madras v Gannon Dunkerley & Co. (Madras) Ltd. (1958)
• Cox v Hickman (1860)
• Siddhivinayak Realties Pvt Ltd v Tulip Hospitality Services Ltd
Statutory provisions discussed:
• Section 124, Indian Contract Act
• Section 126, Indian Contract Act
• Section 128, Indian Contract Act
• Section 170, Indian Contract Act, 1872
• Section 182, Indian Contract Act, 1872
• Section 4(1), Sale of Goods Act, 1930
• Section 69, Indian Partnership Act, 1932
• Article 299, Constitution of India
Useful for: LL.B. (3-year and 5-year integrated), UGC NET Law, CLAT PG, University semester exams and Judiciary aspirants.
Read alongside
Written notes on Law of Contract II (Specific Contracts) to revise from after the lecture.
About this subject ▶ Watch this part of the lecture (0:00) Contract Law II has six units, from indemnity to how these rules work for governments and consumers. These contracts arise daily: handing car keys to a valet, pledging gold for a loan, buying a phone, starting a business with a friend. Conn…
126 min read
A Contract of Indemnity is defined under Section 124 of the Indian Contract Act, 1872. It refers to a promise by one party (the indemnifier) to save the other party (the indemnity-holder) from losses caused by the condu…
38 min read
Key Point: An indemnity holder can claim indemnity without waiting for actual loss if their liability is absolute. What Happened:
24 min read
Case law
Facts, issues, judgment and the principle to remember, explained simply.
Court of Common Pleas · 1827
In Adamson v. Jarvis, the Court of Common Pleas (Chief Justice Best, 1827) held that an auctioneer who honestly sold goods at another person's request, and was later made liable to the true owner, could recover his loss from the person who asked him to sell. The case matters because it shows that an indemnity may be implied by law from a request, even when no express promise to indemnify was made.
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