Contract Law – II

COURSE OBJCETIVES:

This course is principally designed to equip a law student with the knowledge of special
contracts apart from equipping himself/herself with general principles of contract.The
objective of this course is to enable students to understand the functioning of commercial
transactions and to identify the forms of business organization and structuring and the
requirement and legal framework of special contracts, sale of goods and partnership laws. The
intention of this course is to facilitate understanding of the various legal provisions and case
studies related to special contracts, sale of goods and partnership laws.

COURSE OUTCOMES:

After completing this course, the students will be able to:

1. Understand the importance and the difference between various forms of business
   organizations and structuring, from a legal as well as commercial perspective.
2. Appreciate the formation, liabilities and legal remedies in case of the partnership
   form of organizational structure.
3. Understand and apply the Limited Liability Partnership Act, 2008
4. Apply the provisions of sale of goods in practical commercial transactions.
5. Analyse the various special contracts under the Indian Contract Act viz Indemnity,
   Guarantee, bailment and pledge, their significance and applicability 90
6. Understand the rights and obligations of various stake holders in the special contracts,
   partnership contracts and sale of goods