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Business Law:

Course Contents:
1. EVOLUTION OF LAW
- Nature, Meaning and Significance of Law - Sources of Indian Law - Sources of English Law - Mercantile Law - Sources of Mercantile Law - Mercantile Law in India and its sources

2. THE INDIAN CONTRACT ACT, 1872


Meaning & Nature of Contract Essentials of a valid contract Offer, proposal, acceptance Legal relationship Consideration Flaws in a contract gree!ents in restraint of trade Special contracts li"e wager, #ail!ent, pledge, inde!nit$, guarantee Law of agenc$

!. "ALE OF #OOD" ACT, 1$!%


Contract of sale of goods %ifferences of sale of goods with various other selling ter!inologies in co!!ercial parlance &rice Conditions & warranties %octrine of caveat e!ptor &assing of ownership & propert$ &assing of title &erfor!ance 'npaid seller uction sale & other sales involving rail or sea transit

&. NE#OTIABLE IN"TRU'ENT" ACT, 1881


%efinition of Negotia#le instru!ents I!portant characteristics Classification ( "inds )an"er ( custo!er )an"ers* lia#ilit$ O#ligations of #an"er &rotection to pa$ing #an"er Collecting #an"er Overdue, stale or outdated instru!ent Endorse!ent Lia#ilit$ of endorser Crossing of che+ue Modes of crossing Not negotia#le crossing Maturit$ ,older ,older in due course Negotiation Negotia#ilit$ & assigna#ilit$ Forged endorse!ents cceptance of #ill of e-change cceptance for honour &resent!ent for acceptance %ishonour #$ non acceptance %ishonour #$ non pa$!ent Notice of dishonour Noting and protest %ischarge Material alteration .etire!ent of a #ill under re#ate ,undis &resu!ptions of law &a$!ent of interest in case of dishonour &enalties in case of dishonour of che+ue

(. INDIAN )ARTNER"HI) ACT, 1$!2


Nature of partnership %efinitions /rue tests in partnership For!ation &artnership deed Co-ownership & partnership ,'F & partnership Co!pan$ & partnership &artnership propert$ 0inds of partners Minor*s fate .ights, lia#ilities of !inor .ights & lia#ilities, duties of partners .elation of partners with third parties E-tent of partners* lia#ilit$ Lia#ilit$ of an outgoing or retiring partner Lia#ilit$ of inco!ing partner %eath ( insolvenc$ %issolution 1 23 of partnership 43 of fir! Settle!ent of accounts on dissolution 5oodwill .egistration & its effects Specific perfor!ance of partnership agree!ents

*. ELE'ENT" OF CO')AN+ LAW , )ART 1


co!pan$ 1 !eaning & characteristics differences of co!pan$ with other for!s of the co!!ercial #usiness t$pes advantages & disadvantages of incorporation lifting or piercing the corporate veil "inds of co!panies pro!otion and incorporation of co!pan$ ,ow does a co!pan$ function66

7. ELE'ENT" OF CO')AN+ LAW , )ART 2

co!pan$ & its !anage!ent 1 #oard director his +ualifications 7ho can #e a director6 Nu!#er of directors in a co!pan$ ppoint!ent and process First directors ppoint!ent of directors #ased on the authorit$ !atri.e!oval of directors &owers of the #oard Managerial personnel Managing director Manager 8ualifications /enure of !anaging director or !anager Shareholders Meetings %ifferent "inds of !eetings Notice Statutor$ report 5M ( E5M Class !eetings Secretar$ 8ualifications ppoint!ent &owers %uties .ole of co!pan$ secretar$ in a co!pan$

8. INFOR'ATION TECHNOLO#+ ACT, AN OVERVIEW $. CON"U'ER )ROTECTION ACT, 1$8* , AN OVERVIEW


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