Course Title: BUSINESS LAW

L T

Course Code:
Credit Units : 03

P/ SW/F TOTAL
S
W
CREDI
T
UNITS
3

Course Objectives:
To develop an understanding of the regulation of registered companies and to
provide through understanding of the various provisions of commercial laws
especially laws relating to contractual transactions, sale of goods , negotiable
instruments , consumer protection and RTI
Pre-requisites:
The student should have understanding of day today Commerce and basic
knowledge of commercial / business organizations with Legal aptitude to
comprehend the various business activities .
Student Learning Outcome:
The paper aims to make the students familiar with and to provide insight into
formation of companies and role of Managerial persons thereto, besides, the paper
provides insight to various aspects of Contract law, sale of goods, Negotiable
Instruments, Consumer Protection and RTI. After undergoing the course the
student will be well acquainted with the requirements of law in business activities.
Course Contents/Syllabus:
Module I: Introduction to law and business

Introduction to law,
Object of law,
Sources of law,
Function and
Its importance in business.

Module II: Indian Contract Act, 1872

Nature and kinds of Contracts,

Concepts related to Offer, Acceptance and
Consideration,
Principles Governing Capacity of Parties and
Free Consent,
Legality of Objects,
Performance and Discharge of Contract,
Breach of Contract and its Remedies,
Basic Elements of Law Relating to Agency,
Guarantee and Pledge.

Module III: Module III: Indian Sale of Goods Act, 1930

D
Sale and Agreement to Sell,
Hire Purchase Pledge Mortgage Hypothecation Lease.
Goods Different types of Goods, Passing of Property in Goods,
Conditions and Warranties,
Doctrine of Caveat emptor,
Rights of an unpaid Seller.

Module IV: Module IV: Negotiable Instruments Act, 1881

 Meaning of Negotiability and

Definition of Negotiable Instruments, Features,
Cheques, Bill of Exchange and Promissory Note,
Holder in Due Course, Crossing of Cheques, Endorsement and Dishonour of Cheques

W
Module V: Elements of Company Law

Meaning and types of companies, Formation of a company,

Memorandum and Articles of Association,
Prospectus and Issue of Shares, Share Capital and Shareholders,
Company Meetings and Proceedings,
Powers and Liabilities of Directors,
Meeting,
Managerial Remuneration and
Winding up of Company.

Module VI: Consumer Protection Act 1986 and Introduction to RTI

Need for Consumer Protection Meaning of Consumer Different redressal Forums for
Consumers,
Rights of Consumers, Unfair Trade Practices, and Procedure for Filing Complaints.
Important provisions related to RTI.

Pedagogy for Course Delivery:

The course will be conducted using lectures, assignments. The students will be
acquainted with important case laws on the subject

Lab/ Practical details, if applicable: NA

List of Experiments: NA
Assessment/ Examination Scheme:
Theory L/T (%)

Lab/Practical/Studio (%)

100%

End Te

NA

Theory Assessment (L&T):

Continuous Assessment/Internal Assessment
Components (Drop
A
down)
Weightage (%)
5
Lab/ Practical/ Studio Assessment:

CT

15

Continuous Assessment/Internal Assessment

Components (Drop
down
Weightage (%)

NA

NA

NA

NA

NA

NA

NA

NA

Text and References:

Mercantile Law N.D. Kapoor
Prof(Cmde) P.K Goel, Business Law for managers Biztantra
Dr S M Shukla and Dr O P Gupta Mercantile Law
S S Gulshan Excel Book Mercantile Law
Maheshwari & Maheshwari. Business Law
Sale of Goods Act By Pollock & Mulla
Consumer Protection Law & Procedure By Bangia
Commentry on Right to Information Act By V.K.Dewan
Negotiable Instrument Act By Khargambala

Remarks and Suggestions: