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Business Laws
Course Objectives:
The objective of this course is to acquaint the students with the different types of laws, which a businessman is generally exposed to or is affected by the course aims at exposing the student to the regulatory framework of the Indian business.
Course Outcome(COs):
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Course |
Learning Outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Paper Code |
Paper Title |
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COM 103 |
Business Laws |
CO 47: To evaluate the legitimate rights and obligations prescribed for Seller and Buyer under The Sale of Goods Act.
CO 48: To Learn Provisions regarding Partnership form of Business and to understand the various technicalities pertaining to execution of Partnership.
CO 49: To analyze the fundamentals of Consumerism and the system to pursue the consumer rights under Consumer Protection act 1982
CO 50: To Build the insight about the basic provisions and the mechanism of availing the Right to Information being a citizen of India. Students will also know the machinery set up for the same. |
Class room Lecture (Theory/ Using Power Point Presentation) /Discussions using Leading Case laws/
Role Play activities/ Moot Court/Group Discussions/ Class presentation/ Assignments |
Class participation, tutorial assignments and presentations, class tests, C A Test, Semester End Exams.
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Specific Contracts
• Bailment: meaning, valid essentials, modes of delivery of goods, classification of bailment, duties and rights of bailor and bailee, finder of goods lost, termination of bailment.
• Pledge: meaning, essentials, difference between bailment and pledge.
• Agency: meaning, essentials, creation and termination of agency, duties and rights of agent and principal, sub-agent, substituted agent, & Co-agent (Meaning) , irrevocable agency.
Sale of Goods Act, 1930
• Meaning, essentials, difference between sale and agreement to sell,
• classification of goods,
• Condition & warranty: Meaning, difference, types,
• Doctrine of caveat emptor.
• Transfer of property in goods: Rules, transfer of ownership by non- owners.
• Performance of contract: Meaning, rules relating to delivery of goods, duties and rights of buyer.
• Unpaid seller: Meaning, rights-against the goods and against the buyer.
• Remedies for breach of contract: Buyer’s remedy and auction sale.
The Indian partnership Act, 1932
• Definition of partnership, essentials,
• difference between partnership and Joint Stock Company.
• Formation and registration: Procedure of Registration,
• effects of non- registration, exceptions:
• rights not affected by non-registration.
• Types of partnership, types of partners, minor as partner in benefits.
• Relations of partners: Rights and duties of partners, relations of partners to third parties
• Dissolution of firm: Difference between dissolution of partnership and firm, modes of dissolution offirm,
Consumer Protection Act, 1986
• Objectives, important terms,
• Rights of consumer. Consumer protection councils,
• Dispute Redressal agencies: District forum,
• State commission, Central commission
Right to Information Act,2005
• Objective, definitions: Right to Information,
• Public authority, Information, Record, Public Information Officer.
• Obligations of public authority,
• Provisions relating to PIO, duties of PIO,
• Provision for obtaining information,
• Provision relating to exemption from disclosure of information.
• Information Commissions and their powers.
• Appellate authorities
• Aggarawal, Rohini, Student’s guide to Mercantile & Commercial Laws, Taxmann Allied Services Pvt. Ltd., NewDelhi.
• Kapoor, N. D., Elements of Mercantile Law, Sultan Chand & Sons, NewDelhi
• Tulsian, P. C., Business Law, Tata McGraw-Hill Publishing Company, New Delhi,2006.
• Nolakha, R. L., Business Laws, Ramesh Book Depot,Jaipur
• Sharma, Arya, Gupta, Jain, Business Laws, Ajmera Book Company, Jaipur
• Datey, V.S., Business and Corporate Laws, Taxmann Allied Services Pvt. Ltd., NewDelhi
• Singh, Nirmal, Business Laws, Deep & Deep Publications Pvt. Ltd., NewDelhi
• Gulshan, S. S., Business Law, Excel Books, New Delhi
