Session 11

Always unsound
idiot(5) / idiocy(6)
Unsound but lucid interval
lunatic(7) / lunacy(6) /
insanity (8)
Mistake which make contract void
Bilateral(9)
Nature of agreement A sells his pen to B for Rs 10 Valid(5)
Person to whom offer is made
offeree(7) / proposee(8)
Person on acceptance of offer
acceptor(8)/ promisee(8)
Act of giving consent to proposal
acceptance(10)
Wrong representation made deliberately
Fraud(5)
X offer to sells at 10, Y offer to buy for 8
Counter Offer (7,5)
Price of the promise
Consideration(13)
One party uses dominant position for contract
undue influence (5, 9)
Example of a standing order
tender(6)
Agreement enforceable by law
Contract(8)
Display of goods with price
Invitation to offer (10, 2, 5)
Agree to put life in someones dead wife
Impossible Act (10, 3)
When offer is made to a particular person
Specific Offer (8, 5)
Erroneous belief about something
Mistake(7)
Illegal activities lack this
Lawful Object(6, 6)
A threaten to kill B if he does not marry daughter
coercion(8)
Validity of contract made by misrepresentation
voidable(8)
Offer made to world at large
General(8)
Agreement in restraint of trade
void(4)
Below 18 years
minors(6)
Person making offer
offeror(7) / proposer(8)
/promisor(8)
Person accepting the offer
acceptor(8) / promisee(8)
Identical & simultaneous offer
Cross (5)
Session 12
Fair and prior estimate of loss
Liquidated(10)
Monetary compensation to affected party
Due to breach of contract
Damages(7)
Disproportionate sum fixed for breach
Penalty(7)
Damages given so as to punish the breaching party Exemplary/
Vindictive(10) /punitive
Breach occurs when A fail to bring goods on a specified date
Actual(6)
Contract through word of mouth
Express(7)
A agrees to buy B company under coercion
Voidable(8)
Intention of not performing contract
Anticipatory(12)
Relief available for violation of his right
Remedy(6)
Revocation of contract by aggrieved party
Rescission(10)
As much as earned
Quantum meruit(7, 6)
Actual carrying out of contract
Specific Performance(8, 11)
Contract in which both parties are yet to perform
Executory / Bilateral(9)
Damages rising coz of unusual circumstances
Special(7)
Damages just for upholding the right
Nominal(7)
Partly executor and partly executed
Unilateral(10)
Court order restraining from doing some act
injunction(10)
Damages from direct and proximate consequence of breach
Ordinary(8)
Contract when A puts coin in weighing machine
Implied(7)
Agreement without consideration
Invalid/void (4)

Session 14
Guarantee when X agrees to pay to Y, 10000 the extent
Of any tea supplied to Z whenever needed
Continuing(10)
Liability of surety wrt principal debtor
Co-extensive(2, 9)
Right of surety to step into shoes of creditor after payment
Subrogation(11)
Equal burden between these people
co-sureties(2, 8)
Guarantee obtained by concealment
Invalid(7)
Person who gives guarantee
surety(6)
Superior Force
Force Manjuer (5, 7)
Guarantee given for good conduct or honesty of person
Fidelity(8)
Guarantee is this type of agreement
Tripartite (10)
Right of surety against co-sureties
Contribution(12)
Person for whose default guarantee is given
Principal debtor(9, 6)
When Surety dies
revocation(10)
The person who promises to make the loss good
indemnifier(11)
Contract to discharge the liability of a third person
In case of his default
guarantee(9)
Continuing guarantee can be revoked by this method
Notice(6)
Clause containing list of all the clauses applicable even after
Termination of the contract
Terminal(8)
Person whose loss is to be made good
Beneficiary(11)
Guarantee extending to single debt or transaction
specific(8)
To whom guarantee is given
Creditor(8)
Contract between principal debtor and surety
Implied
Session 15
Insured not allowed to make profit out of loss
indemnity(9)
Consideration in insurance contract
premium 7
Person undertaking risk
insurer 7
Uncertain events or contingencies insured against
peril 5
Important principal of Insurance
Utmost good faith 645
Insurers insurance
reinsurance
Contract where monetary outcome is inequal
aleatory
Document Issued by insurer on receiving a proposal
Pending the execution of policy
Cover Note
This authority settles complaints though mediation
ombudsmen
Insurance for particular period of voyage
marine
This arises only when there is succession of cause
causa proxima
This applies when there are multiple insurance and
One pays the full
contribution
Legal right of the person to insure
Insurable interest
A insures his house for 50L with x and 50 L with Y
Double
Contract to be full accepted or rejected
adhesion
The Risk or property insured
Subject Matter
Instrument containing contract of insurance
policy
Continuing insurance with condition for payment of premium
At regular interval
Life
Insurer on payment of insured amount steps into the shoes
Of insured
Subrogation
The person whose loss is to be made good
Insured

Session 16
Liability of employer for act done by employee
Vicarious
Office or any place where any industry/trade is done
Establishment
Owner or manager responsible for supervision and
Control of establishment
Principal Employer
Distribution of sweet boxes is based on
customs
Minimum no of labor for labor contract act
Twenty
Override all sources of terms and condition of service
statutory
Method available for employee for contract termination
resignation
Compulsory for principal employee to employ contract labor
Certificate of
registration
Result of letter of transfer indicating the change in the place
Of posting on original terms of employment
amendment
Minimum period for re modifying standing orders
six months
Method of downsizing
retrenchment
These have subordinate positions to statutes, but are above
All other sources of terms of employment
Awards
No of ingredients in terms of employment
Three
Terms and conditions applicable to all /class of workmen Standing orders
Period after which standing orders come into existence
thirty days
Compulsory for contractor to get work done by contract labor
license
Legal relation between employer and employee
contract of
service (cos)
Person appointed by principal employer who certifies the
Amount paid as wages by contractor
representative
This legislation contains terms and condition of employment
Relating to work condition, health etc
factories act
Person who undertakes to supply labor to any establishment
contractor
Is under the control and supervision of employer
workmen
Resort to this as punishment to serious misconduct
termination
SO are binding on employer and this group of employees All
Leads to automatic termination of contract of employmentdeath
Legal relation between principal and contractor
contract for
service
Session 17
Book debt
actionable claim
When x gives usd 500 for Rs 2500
Exchange
Agrees to sell 100 kg of Nagpur oranges this sale is by this method
Description
Consideration in contract of sale
price
Only these type of good are covered by sale of goods act movable
A transaction wherein A gives his mobile to B for 4000
sale
When A sells a stolen car to B the sale does not comply with
This implied condition
title
Sale of a fridge that fails to keep things cool is fail due to this condition
Fitness
Legal status of Y, x and Y when x sells something to Y
buyer
Good physically in existence and in possession of seller
existing
Good to be manufactured
future
When P exchange his horse for Q cow
Barter
Let the buyer beware
Caveat emptor
Stipulation collateral to main purpose of contract
Warrantee
Occurs with reference to future good
Agreement to sell
Major point of distinction between sale and agreement to sell
transfer of
property
Sale of cake should conform to this condition
wholesomeness
Stipulation essential to main purpose of contract
condition
Growing crops, grass and things attached to or forming a part
Of the land which are agreed to be severed before sale
goods
Type of future goods
contingent

Session 20
No of years of patent protection
twenty
Only copyright covers this right
moral
Protection for totality of ornamental or aesthetic
Aspects of useful article
design
Protection for goods from specific territory
GI (geographical indications)
Legal protection for inventions
patents
Right attached to logos
trademark
Logos of SBI FedEx and LIC
service mark
Deals with literary work
copyright
No of years of protection of copy right after death sixty