Department of Business Administration

Course Title:
Course Code:
Pre-requisite Courses:
Credit Hours:
Semester:
Degree:

Business Law
BUS 312
Nil
Three (3)
Five (5)
BBA Program

Course Description:
This course covers all the aspects and functions of a business and its environment.
Overview of areas like Economics, Management, Human Resources, Marketing,
Production, Information Technology, Accounting and Finance is undertaken in this
course.
Course Objectives:
The course is designed to enlighten students with:
1.
2.
3.
4.
5.
6.

The sources and formation of laws

The process of legislation of law
The Understanding of contract law
The Sound understanding of contract of sale and agreement to sale.
The differentiation of various elements of Partnership law
The usage of Negotiable Instruments

Learning Outcomes:
After completing the course the student will be able to:
1.
2.
3.
4.
5.

Explain the sources and formation of laws

Describe the process of legislation of law
Define and explain contract law
Know the essentials of contract of sale
List down the essentials of contract of carriage of goods, the liabilities of the
parties/ carrier
6. Demonstrate essential laws of Partnership
7. Apply and use Negotiable Instruments

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Teaching Methodology:
Learning will be accomplished through lectures, outside readings, case analysis and
student participation in classroom discussion and presentations. Grading will tend to
focus on students overall personality rather than on one or two aspects.
Code of Conduct:
Students have to follow the rules stated below to avoid a failing grade in the course:
Understand and follow the University policy regarding attendance.
Arrive in and leave the classroom strictly on time. Late arrival will be marked as
absence. If you leave the classroom in the middle of a session even for a short
while, you will be marked absent.
Keep your cell phone off during the class.
Do the assigned readings for a class before coming to the class.
Maintain a disciplined, cordial, and respectful attitude towards the teacher and
your fellow students.
Submit your homework on the due date before the class begins.
Do not plagiarize from books, journals, or the internet.
Do not cheat (make someone else do your work or present work for some other
course as work for this course).
The teachers decisions about marks and grade will be final.
Course Contents:
Week

Topics to be covered

1.

a) Introduction to Legal System in Pakistan

b) Introduction to Business Law.

a) Introduction to Contract Act 1872

b) Different kind of contracts
c) Essentials of a valid Contract; Offer and
Acceptance

3.

a) Essentials of a Valid Contract continued

b) Legal Consideration
c) Legal Capacity

Remarks

Quiz

a) Essentials of a Valid Contract continued

b) Free Consent
c) Lawful objective

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5.

6.

7.

a)
b)
c)
d)

Performance of Contract
Discharge of Contract and
Breach of Contract
Remedies for Breach of Contract

Assignment

a) Special contracts
b) Contract of Indemnity and Guarantee;
c) Contract of Agency

Quiz

a) Law of Sales of Goods 1930, Essentials

and Performance
b) Effects of Perishing Goods
c) Rights of unpaid seller
d) Sale by Auction
e) Conditions and Warranties

Assignment

MID TERM EXAMINATION

8.

a)
b)
c)
d)
e)

Law of Carriage of Goods

Carriage of goods by Land/ Rail
Carriage of goods by Sea
Charter Party
Bill of Lading

Quiz

a) Law of Partnership 1932

b) Introduction and essentials of
Partnership

Assignment

c) Registration of firms
d) Dissolution of Partnership
10.

a) Settlements of Accounts
b) Law of Financial reporting.

11.

a) Contract of bailment and Pledge

12.

a) Law of Company

Quiz
Assignment

b) Important Documents;
c) Memorandum, Article, Prospectus.

Quiz

d) Types of Companies.
e) Types of Meetings.

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13

Project Mock Case Presentation

14

Project Mock Case Presentation

15.

Project Presentation
FINAL EXAMINATION

Rescheduling of Class:
The teachers at Iqra University are very particular about taking their classes, but in case
of an emergency, an alternate teacher may conduct the class. Students are informed
through SMS in case of rescheduling of a class.
Grading Policy:
A Grade:
B+ Grade:
B Grade:
C+ Grade:
C Grade:
F Grade:

88 and above
81-87
74-80
67-73
60-66
Below 60

Marks Distribution of 100%:

Quizzes
Assignments/Case Studies:
Project/Project presentations:
Mid-term
Final Exam
Total

______10_____
______15_____
_______10____
_______25____
_______40____
100____

Recommended Book:
1. Business Law by Khalid Mehmood Cheema. (Latest Edition)
2. In addition the teacher may prescribe any additional reading material.
Reference Books:
1. Business and Mercantile Law by Dr. Prof. Khawaja Amjad Saeed. (Latest
Edition)
2. Mercantile and Industrial Law by Luqman Baig revised by Saleh Abbas. (Latest
Edition)

4|P age