Lovely Professional University, Punjab

Course Code MGT964 Course Category Course Title BASIC BUSINESS LAWS Courses with conceptual focus Course Planner 16072::Kawalpreet Kaur Lectures 3.0 Tutorials Practicals Credits 0.0 0.0 3.0

TextBooks Sr No T-1 Title Elements of Mercantile Law Reference Books Sr No R-1 R-2 R-3 Other Reading Sr No OR-1 OR-2 OR-3 OR-4 OR-5 OR-6 OR-7 OR-8 Journals articles as Compulsary reading (specific articles, complete reference) "Liability of Directors on Check Bounce under Section 138 Negotiable Instruments Act" http://corporatelawreporter.com/liability-directors-cheque-bounce- 138negotiable-instruments-1191.html , "Law of sales" http://www.scribd.com/doc/38737300/10/X-REMEDIES-OF-AN-UNPAID-SELLER , Consumerism in Globalised world" available at http://www.legalserviceindia.com/article/l75-Consumerism-in-the-Globalized-world.html , "Procedure for filing complaint with the help of International Consumer Rights Protection Council" available at http://www.icrpc.org/icrpc.org.procedure.html , " Limited Liability Vs Partnership" By shanks sanam; source: http://jurisonline.in/2010/05/limited-liability-partnership-vs-partnership , "Guarantee or Indemnity- the distinction between two types of suretyship" http://www.key2law.co.uk/articles/pdfs/guaranteeorindemnity.pdf , "Summarization Bailment and Pledge" http://www.citeman.com/6506-summarization-bailment-and-pledge.html , Journal of International Commercial Law and Technology Vol. 5, Issue 2 (2010) "Secret Commissions in IT Contracts" http://www.jiclt.com/index.php/jiclt/article/view/103/101 , Title A Manual of Business Laws Business Law Legal Aspects of Business Author S.N Maheshwari, S.K. Maheshwari P.C Tulsian Ravinder Kumar Edition 4th 12th 3rd Year 2011 2010 2011 Publisher Name HIMALAYA PUBLISHING HOUSE Tata McGraw Hill Cengage Learning Author N.D. Kapoor Edition 20th Year 2012 Publisher Name SULTAN CHAND & SONS

Relevant Websites Sr No RW-1 RW-2 RW-3 RW-4 (Web address) (only if relevant to the course) www.legalserviceindia.com http://www.rkdewan.com/iprOverviewPatent.jsp www.icai.org/resource_file/19056comp_sugans_pe2_bcl_cp1.pdf www.slideshare.net/WelingkarDLP/dischargeperformance-ofcontract Salient Features Cases and examples on Indian legal aspects. Information about IPRs in India Information regarding Indian Contract Act. rules regarding performance and discharge of contract

RW-5 RW-6 RW-7 RW-8 RW-9 RW-10 RW-11

www.dateyvs.com/gener04.htm www.corecentre.co.in/database/docs/docfiles/goods_act.pdf www.corecentre.co.in/Database/Docs/DocFiles/protection.pdf www.dateyvs.com/gener10.htm www.caclubindia.com/judiciary/judiciarydetail/.as?judicia ryid= 320 www.ipindia.nic.in http://wirc-icai.org/wirc_referencer/Other%20Law/LLP.htm

Information regarding Partnership Act Sale of goods Act Information regarding consumer protection act Information regarding Negotiable Instruments act New advancements and cases related to various law related topics are available. Information about registration and protection of IPR Information regarding Limited Liability partnership Act

LTP week distribution: (LTP Weeks) Weeks before MTE Weeks After MTE Spill Over 7 6 2

Detailed Plan For Lectures

Week Number Lecture Number Broad Topic(Sub Topic) Chapters/Sections of Text/reference books Other Readings, Lecture Description Relevant Websites, Audio Visual Aids, software and Virtual Labs Learning Outcomes Pedagogical Tool Demonstration/ Case Study / Images / animation / ppt etc. Planned

Week 1

Lecture 1

Introduction to Indian Contract Act T-1:Vol 1 Part 1 Ch 1872(Definition and essentials of 1 contracts) Introduction to Indian Contract Act T-1:Vol 1 Part 1 Ch 1872(Classification of contracts) 1 RW-1

Definition and essentials Student will be able to of contracts understand the basic concept of contract Classification of contracts Student will understand Case Analysis the different classifications of contracts Student will get an insight of the concept of offer This lecture will enable the students to know the essentials of acceptance Acquit the students Case Analysis regarding the circumstances where there is communication and revocation of offer and acceptance

Lecture 2

Offer and Acceptance(Offer: meaning, types)

T-1:Vol 1 Part 1 Ch 2

Offer meaning, types

Offer and Acceptance(Acceptance: T-1:Vol 1 Part 1 Ch esentials) 2 Lecture 3 Offer and Acceptance T-1:Vol 1 Part 1 Ch (Communication and revocation of 2 offer and acceptance) RW-3

Acceptance esentials

Communication and revocation of offer and acceptance

Week 2

Lecture 4

Consideration and capacity to contract(Consideration: Meaning, essentials) Consideration and capacity to contract(Consideration: Exceptions)

T-1:Vol 1 Part 1 Ch 3

Consideration Meaning, Student will be essentials understanding the concept of consideration Consideration Exceptions The exceptions to the general rule of consideration will be understood Get knowledge about the people who can enter into a valid contract and who cannot Get knowledge about the people who can enter into a valid contract and who cannot Case Analysis Case Analysis

T-1:Vol 1 Part 1 Ch 3

Lecture 5

Consideration and capacity to contract(Capacity to contract: Minor, Person of unsound mind)

T-1:Vol 1 Part 1 Ch 4

RW-9

Capacity to contract Minor, Person of unsound mind

Consideration and capacity to contract(Capacity to contract: Persons disqualified by law)

T-1:Vol 1 Part 1 Ch 4

Capacity to contract Persons disqualified by law

Lecture 6

Performance, discharge and remedy for breach of contract (Performance of Contract) Performance, discharge and remedy for breach of contract (Discharge of contract)

T-1:Vol 1 Part 1 Ch 9 T-1:Vol 1 Part 1 Ch 10

RW-4

Performance of Contract Understanding the Case Analysis provisions regarding Performance of contract Discharge of contract Understanding the provisions regarding discharge of contract Understanding the provisions regarding Remedy for breach of contract Student will be able to understand the legality of object Understanding the concept of contingent contracts Student will be able to understand the concept of free consent Possess the knowledge of the concepts where free consent is absent Possess the knowledge of the concepts where free consent is absent Case Analysis

Week 3

Lecture 7

Lecture 8

Performance, discharge and remedy for breach of contract (Remedies for breach of contract) Performance, discharge and remedy for breach of contract (Legality of object) Performance, discharge and remedy for breach of contract (Contingent contracts)

T-1:Vol 1 Part 1 Ch 11

Remedies for breach of contract

Case Analysis

Lecture 9

T-1:Vol 1 Part 1 Ch 6 T-1:Vol 1 Part 1 Ch 8 T-1:Vol 1 Part 1 Ch 5 T-1:Vol 1 Part 1 Ch 5 RW-9

Legality of object

Case Analysis

Contingent contracts

Week 4

Lecture 10

Free consent(Free consent: Meaning) Free consent(Coercion; undue influence)

Free consent Meaning

Coercion undue influence

Lecture 11

Free consent(fraud; misrepresentation)

T-1:Vol 1 Part 1 Ch 5

fraud misrepresentation

Week 4

Lecture 11

Free consent(mistake)

T-1:Vol 1 Part 1 Ch 5

mistake

Possess the knowledge Case Analysis of the concepts where free consent is absent Student will get the knowledge of Indemnity and guarantee Knowing the various types of guarantee Knowing the Rights and liabilities of surety and discharge of surety Get the knowledge of the concept of bailment and its classification Have an understanding of the rights and duties of bailor and bailee Get an insight of rights and duties of finder of goods

Lecture 12

Indemnity & guarantee(Contract of T-1:Vol 1 Part 2 ch 1 Indemnity and guarantee: Meaning; difference) Indemnity & guarantee(Kinds of guarantee) T-1:Vol 1 Part 2 Ch 1

OR-6

Contract of Indemnity and guarantee Meaning difference Kinds of guarantee

Week 5

Lecture 13

Indemnity & guarantee(Rights and T-1:Vol 1 Part 2 ch 1 liabilities of surety; discharge of surety) Lecture 14 Bailment and Pledge(Contract of T-1:Vol 1 Part 2 Ch Bailment: Meaning; classification) 2 Bailment and Pledge(Rights and duties of bailor and bailee) Lecture 15 Bailment and Pledge(Rights and liabilities of finder of goods) Bailment and Pledge(Pledge: Meaning; rights and duties of pawner and pawnee.) Bailment and Pledge(Termination of bailment) Week 6 Lecture 16 Lecture 17 Information Technology Act 2000 (Objectives of the Act) T-1:Vol 1 Part 4 Ch 3 T-1:Vol 1 Part 1 Ch 2 T-1:Vol 1 Part 1 Ch 2 T-1:Vol 1 Part 1 Ch 2 T-1:Vol 1 Part 2 Ch 2 RW-1 OR-7

Rights and liabilities of surety discharge of surety Contract of Bailment Meaning classification Rights and duties of bailor and bailee Rights and liabilities of finder of goods

Pledge Meaning rights Have an understanding Case Analysis and duties of pawner and of the concept of pledge pawnee Termination of bailment Have the knowledge of Case Analysis the provisions regarding termination of bailment Test 1 Objectives of the Act Student will be able to have the knowledge about the main objectives of the information and technology act and crimes associated with it Student will be able to have the knowledge about the main objectives of the information and technology act and crimes associated with it

Information Technology Act 2000 (Digital Signatures; Electronic Governance)

T-1:Vol 1 Part 4 Ch 3

Digital Signatures Electronic Governance

Week 6

Lecture 18

Information Technology Act 2000 (Granting of licence; Cyber crime regulation laws)

T-1:Vol 1 Part 4 Ch 3

OR-8

Granting of licence Cyber crime regulation laws

Student will be able to have the knowledge about the main objectives of the information and technology act and crimes associated with it Get an insight of the concept of negotiable instruments Student will be able to know the parties of negotiable instrument Understand the process of presentation of negotiable instruments Understand the negotiation and endorsement of negotiable instruments Knowing the issues related to dishonor of negotiable instruments

Case Analysis

Week 7

Lecture 19

Negotiable Instruments Act, 1881 (Meaning; types of negotiable instruments) Negotiable Instruments Act, 1881 (Parties to Negotiable Instrument) Negotiable Instruments Act, 1881 (Presentation of Negotiable Instruments)

T-1:Vol 1 Part 2 Ch 6 T-1:Vol 1 Part 2 Ch 6 T-1:Vol 1 Part 2 Ch 6 T-1:Vol 1 Part 2 Ch 6 RW-8

Meaning types of negotiable instruments Parties to Negotiable Instrument Presentation of Negotiable Instruments Negotiation and indorsement

Lecture 20

Case Analysis

Lecture 21

Negotiable Instruments Act, 1881 (Negotiation and indorsement)

Case Analysis

Negotiable Instruments Act, 1881 (Dishonor of negotiable instruments)

T-1:Vol 1 Part 2 Ch 6

OR-1

Dishonor of negotiable instruments

MID-TERM
Week 8 Lecture 22 Contract of sales of goods Act (Contract of sale: Meaning, essentials) T-1:Vol 1 Part 2 Ch 4 Contract of sale Meaning, essentials To get an insight of the Introductory concepts of of sales of Goods Act To get an insight of the Case Analysis Introductory concepts of of sales of Goods Act Students will be able to know the meaning and rights of unpaid seller Students will be able to Case Analysis know the meaning and rights of unpaid seller Understanding Condition and warranties in the contract of sales Understanding Condition and warranties in the contract of sales Case Analysis

Contract of sales of goods Act(Sale T-1:Vol 1 Part 2 Ch and agreement to sell; goods, 4 price) Lecture 23 Unpaid seller(Unpaid Seller: Meaning) Unpaid seller(Rights of Unpaid Seller) T-1:Vol 1 Part 2 Ch 4 T-1:Vol 1 Part 2 Ch 4

RW-6

Sale and agreement to sell goods, price

Unpaid Seller Meaning

Lecture 24

OR-2

Rights of Unpaid Seller

Week 9

Lecture 25

Condition and warranties(Meaning T-1:Vol 1 Part 2 Ch of Conditions and Warranties) 4

Meaning of Conditions and Warranties

Lecture 26

Condition and warranties(Express and Implied Condition and Warranties)

T-1:Vol 1 Part 2 Ch 4

Express and Implied Condition and Warranties

Week 9

Lecture 26

Condition and warranties(Doctrine T-1:Vol 1 Part 2 Ch of Caveat Emptor) 4

Doctrine of Caveat Emptor Test 2

Get the Knowledge of the concept of Caveat Emptor

Case Analysis

Lecture 27 Week 10 Lecture 28 Transfer of ownership(Transfer of ownership - Introduction & rules regarding transfer of property) Transfer of ownership(Delivery of goods) Indian Partnership Act, 1932 (Formation of partnership) T-1:Vol 1 Part 2 Ch 4 RW-1

Transfer of ownership Introduction rules regarding transfer of property Delivery of goods

Understanding of the Case Analysis rules regarding transfer of ownership Understanding of the Case Analysis rules regarding delivery of goods

Lecture 29

T-1:Vol 1 Part 2 Ch 4 T-1:Vol 1 Part 2 Ch 5 RW-5

Lecture 30

Formation of partnership Get an insight of the provisions under Partnership Act Rights and Liabilities of Get an insight of the Partners provisions under Partnership Act Dissolution of Partnership Firms OR-5 Salient Features of LLP Get an insight of provisions under Partnership Act Understanding the innovation in traditional Partnership Act in form of LLP Act Case Analysis

Week 11

Lecture 31

Indian Partnership Act, 1932 T-1:Vol 1 Part 2 Ch (Rights and Liabilities of Partners) 5 Indian Partnership Act, 1932 (Dissolution of Partnership Firms) Limited Liability Partnership Act,2008(Salient Features of LLP) T-1:Vol 1 Part 2 Ch 5 R-1:Ch 15

Lecture 32

Lecture 33

Limited Liability Partnership Act,2008(Partners and Designated Partners along with their relation) Week 12 Lecture 34 Limited Liability Partnership Act,2008(Registered Office of LLP and Change Therein Change of Name) Limited Liability Partnership Act,2008(Whistle Blowing Contributions, Financial Disclosures Annual Return Taxation of LLP) Limited Liability Partnership Act,2008(Conversion to LLP, Winding Up and Dissolution) Lecture 35 Lecture 36 Intellectual Property Rights Act (Patents Act) Intellectual Property Rights Act (Trade mark Act)

R-1:Ch 15

Partners and Designated Understanding the Partners along with their innovation in traditional relation Partnership Act in form of LLP Act RW-11 Registered Office of LLP Understanding the and Change Therein innovation in traditional Change of Name Partnership Act in form of LLP Act Whistle Blowing Contributions, Financial Disclosures Annual Return Taxation of LLP Conversion to LLP, Winding Up and Dissolution Test 3 Understanding the innovation in traditional Partnership Act in form of LLP Act Understanding the innovation in traditional Partnership Act in form of LLP Act Get an insight into the Case Analysis provisions under IPR Act Get an insight into the provisions under IPR Act

R-1:Ch 15

R-1:Ch 15

R-1:Ch 15

T-1:Vol 1 Part 4 Ch 3 T-1:Vol 1 Part 4 Ch 3

RW-2

Patents Act

Week 13

Lecture 37

RW-10

Week 13

Lecture 37

Intellectual Property Rights Act (Copyrights Act) Consumer Protection Act 1986 (Introduction to the Act; various definitions.)

T-1:Vol 1 Part 4 Ch 3 T-1:Vol 1 Part 4 Ch 1 OR-3 Introduction to the Act various definitions

Get an insight into the Case Analysis provisions under IPR Act Student will be able to understand the provisions under Consumer Protection Act Student will be able to understand the provisions under Consumer Protection Act Case Analysis

Lecture 38

Lecture 39

Consumer Protection Act 1986 (Objectives; Consumer protection redressal agencies, case laws)

T-1:Vol 1 Part 4 Ch 1

OR-4 RW-7

Objectives Consumer protection redressal agencies, case laws

SPILL OVER
Week 14 Lecture 40 Lecture 41 Revision Revision Revision Revision Test Test

Scheme for CA:

Component Test Frequency 2 Total :Out Of 3 Each Marks Total Marks 10 10 20 20

Details of Academic Task(s)

AT No. Objective Topic of the Academic Task Nature of Academic Task (group/individuals/field work Individual Evaluation Mode Allottment / submission Week 4/5

Test 1

To test the clarity of Test from the syllabus covered till lecture 15 as per the IP. concepts of the students To test the clarity of Test from the syllabus covered from lecture 22-26 concepts of the students To test the clarity of Test from the syllabus covered from lecture 28-34 concepts of the students

The correctness of the answers. The correctness of the answers. The correctness of the answers.

Test 2

Individual

8/9

Test 3

Individual

11 / 12