BUSINESS LAW | UNIT 3 | ONE SHOT | INTRODUCTION TO SPECIAL CONTRACTS | SEM 1 | BCOM | DU/SOL/REGULAR

Business Law Unit 3: Special Contracts | Complete One Shot Lecture | B.Com (Hons) Semester 1 | Delhi University

Welcome to Idea Infusion, your one-stop destination for Delhi University (DU) B.Com (Hons) lectures, notes, and exam-oriented explanations.
In this video, we bring you a complete one-shot lecture on Business Law Unit 3 – Special Contracts, explained in simple language with clear concepts, examples, and case laws.

This video covers the entire Unit 3 syllabus as prescribed by Delhi University CBCS pattern for B.Com (Hons) Semester 1 Business Law.
Whether you’re preparing for mid-semester exams, end-semester exams,
---

🧾 Complete Syllabus Coverage:

🔹 1. Introduction to Special Contracts

Meaning, Nature, and Importance of Special Contracts

Difference between General Contracts and Special Contracts

Types of Special Contracts under the Indian Contract Act, 1872



---

🔹 2. Contract of Indemnity (Sections 124–125)

Meaning and Definition of Contract of Indemnity

Essentials of a Valid Indemnity Contract

Rights of the Indemnified

Duties of the Indemnifier

Practical Examples and Case Laws

Difference between Indemnity and Guarantee



---

🔹 3. Contract of Guarantee (Sections 126–147)

Meaning and Definition of a Contract of Guarantee

Parties to a Contract of Guarantee – Principal Debtor, Creditor, and Surety

Essentials and Characteristics

Types of Guarantee – Specific and Continuing

Rights of Surety against Principal Debtor, Creditor, and Co-sureties

Liabilities of Surety

Discharge of Surety from Liability

Important Case Laws related to Guarantee



---

🔹 4. Contract of Bailment and Pledge (Sections 148–181)

Bailment:

Meaning and Essentials of Bailment

Rights and Duties of Bailor and Bailee

Kinds of Bailment – Gratuitous and Non-Gratuitous

Finder of Goods

Termination of Bailment


Pledge:

Meaning and Definition of Pledge

Rights of Pawner and Pawnee

Duties of Pawner and Pawnee

Difference between Bailment and Pledge

Examples and Case Studies



---

🔹 5. Contract of Agency (Sections 182–238)

Meaning and Definition of Agent and Principal

Creation of Agency – Express, Implied, by Ratification, and by Estoppel

Rights and Duties of Agent and Principal

Authority of an Agent – Actual and Apparent

Sub-Agent and Substituted Agent

Personal Liability of Agent

Termination of Agency – By Act of Parties and By Operation of Law

Key Case Laws and Practical Examples



---

💡 Key Features of This Lecture:

✅ Complete Unit 3 – Special Contracts explained in one single video
✅ Based strictly on Delhi University B.Com (Hons) Semester 1 syllabus
✅ Exam-focused content with important definitions and examples
✅ Includes key differences and case laws for easy revision
✅ Best for last-minute revision and concept clarity
✅ Useful for B.Com (Prog), BBA, BA (Hons) Economics, and Law students too


---

🎯 Who Should Watch This Video:

Delhi University B.Com (Hons) and B.Com (Prog) Students

GGSIPU, CCSU, MDU, IGNOU, and other University Students

Students preparing for Business Law or Corporate Law exams

Learners wanting to understand Indian Contract Act 1872 in depth

business law unit 3 special contracts, business law one shot lecture, business law unit 3 du, delhi university business law notes, business law bcom semester 1, contract of indemnity and guarantee explained, bailment and pledge business law, agency contract indian contract act, business law du semester 1 full lecture, business law one shot idea infusion, business law complete syllabus, bcom 1st year business law lecture, business law for bba students, business law hindi explanation, du business law previous year questions, bcom hons business law unit 3, delhi university law syllabus explained


---

📚 Other Related Videos on the Channel:

Unit 1: Nature of Contract and Essential Elements

Unit 2: Discharge of Contract and Remedies for Breach

Unit 3: Special Contracts (this video)

Unit 4: The Sale of Goods Act, 1930

Unit 5: Consumer Protection Act and Modern Business Laws



---

🧠 About the Channel – Idea Infusion

On this channel, you’ll find complete syllabus coverage of B.Com (Hons), B.Com (Prog), BBA, and BA (Hons) subjects under the NEP 2020 and CBCS patterns.
We simplify complex concepts of Business Law, Corporate Governance, Economics, Business Communication, Research Methodology, and more with easy notes, examples, and summaries.

Our goal is to make commerce and law learning simple, interesting, and exam-ready for every student.


---

🔔 Support the Channel!

👍 Like this video if it helped you
💬 Comment your doubts or next topic suggestions
🔔 Subscribe to Idea Infusion for more DU B.Com (Hons) one shot lectures
📢 Share with your classmates preparing for Business Law exams


---

Would you like me to now write a perfect YouTube title + SEO hashtags (for description and tags section) for this same video to help it rank faster on searches like “DU Business Law Unit 3”, “Special Contracts one shot”, etc.?