संविदा अघिनियम 2 के नोट्स: Section 124 to 234 For LLB-II Sem and Judiciary Exam

संविदा अघिनियम 2 के नोट्स: Section 124 to 234 For LLB-II Sem and Judiciary Exam | PDF

Indian Contract Act II: Section 124 to 234 for Law, LLB and Judiciary Exams | PDF

Indian Contract Act 2 For LLB and Judiciary Exams

Sections 124 to 147

These sections primarily deal with "Contracts of Indemnity" and "Contracts of Guarantee"->

Section 124-> Definition of Contract of Indemnity.
Section 125-> Rights of indemnity-holder when sued.
Section 126-> Contract of indemnity defined.
Section 127-> Consideration for contract of indemnity.
Section 128-> Saving of rights of indemnity-holder.
Section 129-> Rights of indemnity-holder when sued.
Section 130-> Contract of guarantee, defined.
Section 131-> Suretyship, the nature of liability.
Section 132-> Liability of surety.
Section 133-> Discharge of surety by variance in terms of contract.
Section 134-> Discharge of surety by release or discharge of principal debtor.
Section 135-> Discharge of surety when creditor compounds with, gives time to, or agrees not to sue, principal debtor.
Section 136-> Surety not discharged when agreement made with third person to give time to principal debtor.
Section 137-> Effect of release of principal debtor.
Section 138-> Release of one co-surety does not discharge others.
Section 139-> Discharge of surety by creditor's act or omission impairing surety's eventual remedy.
Section 140-> Rights of surety on payment or performance.
Section 141-> Surety's right to benefit of creditor's securities.
Section 142-> Guarantee obtained by misrepresentation invalid.
Section 143-> Guarantee obtained by concealment invalid.
Section 144-> Guarantee obtained by means of creditor's ignorance of surety's default invalid.
Section 145-> Implied promise to indemnify surety.
Section 146-> Co-sureties liable to contribute equally.
Section 147-> Liability of co-sureties bound in different sums.

Sections 148 to 234

These sections cover various other aspects of contracts, including "Contracts of Bailment" and "Contracts of Pledge"->

Section 148-> "Bailment" defined.
Section 149-> Delivery to bailee how made.
Section 150-> Rights of bailor.
Section 151-> Rights of bailee.
Section 152-> Effect of mixture, with bailor's consent, of his goods with bailee's.
Section 153-> Bailor's duty to disclose faults in goods bailed.
Section 154-> Bailee's responsibility when goods bailed without disclosure of faults.
Section 155-> Liability of bailee making unauthorized use of goods bailed.
Section 156-> Effect of mixture, without bailor's consent, when the goods can be separated.
Section 157-> Effect of mixture, without bailor's consent, when the goods cannot be separated.
Section 158-> Repayment by bailor of necessary expenses.
Section 159-> Termination of bailment by bailor's death or by bailor's gratuitous act.
Section 160-> Bailor entitled to increase or profit from goods bailed.
Section 161-> Return of goods bailed.
Section 162-> Bailee's responsibility when goods are not duly returned.
Section 163-> Effect of confusion or mixture, with bailor's consent, when the goods cannot be separated.

Also Read:

Section 164-> "Pledge", "pawnor", and "pawnee" defined.
Section 165-> "Pledge" defined.
Section 166-> Pledge, how made.
Section 167-> Pledge by mercantile agent.
Section 168-> Pawnee's right of retainer.
Section 169-> Pawnee not to retain for debt or promise other than that for which the goods are pledged.
Section 170-> Pawnee's right as to extraordinary expenses incurred.
Section 171-> Defaulting pawnee's responsibility.
Section 172-> Pawnee's responsibility when things pledged are not duly returned.
Section 173-> Pawnee's right where pawnor makes default.
Section 174-> Pawnee's right against the principal debtor.

These sections provide a comprehensive framework for understanding the rights, obligations, and felony ideas governing various sorts of contracts under the Indian Contract Act, 1872. Each section addresses specific eventualities and criminal implications concerning contracts, indemnity, assure, bailment, and pledge.