Business Law
Teacher
Ajitav Acharya
Category
Core Courses
Course Attendees
Still no participant
Course Reviews
Still no reviews
Course Name : Business Law
Code(Credit) : CUTM1678 (4+2+0)
Course Objectives
- To develop the ability to apply concepts, principles and theories to understand simple business laws.
- To make the students understanding basic principles and origins in the area of commercial law,
- To gain specific knowledge about certain commonly applicable business laws in India including Contract Act, Sale of Goods Act, Partnership Act and Negotiable Instruments Act
Learning Outcomes
On successful completion of this course, students will be able to:
- Define basic terms, values and laws in the area of business law,
- Describe methods of applying principles and provisions of business law, compose simple contracts,
- Asses the correctness of applying specific laws to specific cases and choosing the most appropriate one
Course Syllabus
| Unit 1: | The Indian Contract Act, 1872: General Principle of Law of Contract
a) Contract – meaning, characteristics and kinds b) Essentials of a valid contract - Offer and acceptance, consideration, contractual capacity, free consent, legality of objects. c) Void agreements d) Discharge of a contract – modes of discharge, breach and remedies against breach of contract. e) Contingent contracts f) Quasi - contracts |
| Unit 2: | The Indian Contract Act, 1872: Specific Contract
a) Contract of Indemnity and Guarantee b) Contract of Bailment c) Contract of Agency |
| Unit 3: | The Sale of Goods Act, 1930 a) Contract of sale, meaning and difference between sale and agreement to sell.
b) Conditions and warranties c) Transfer of ownership in goods including sale by a non-owner d) Performance of contract of sale e) Unpaid seller – meaning, rights of an unpaid seller against the goods and the buyer. |
| Unit 4: | Partnership Laws
A) The Partnership Act, 1932 a. Nature and Characteristics of Partnership b. Registration of a Partnership Firms c. Types of Partners d. Rights and Duties of Partners e. Implied Authority of a Partner f. Incoming and outgoing Partners g. Mode of Dissolution of Partnership B) The Limited Liability Partnership Act, 2008 a) Salient Features of LLP b) Differences between LLP and Partnership, LLP and Company c) LLP Agreement, d) Partners and Designated Partners e) Incorporation Document f) Incorporation by Registration g) Partners and their Relationship |
| Unit 5: | The Negotiable Instruments Act 1881
a) Meaning, Characteristics, and Types of Negotiable Instruments : Promissory Note, Bill of Exchange, Cheque b) Holder and Holder in Due Course, Privileges of Holder in Due Course. c) Negotiation: Types of Endorsements d) Crossing of Cheque e) Bouncing of Cheque |
Suggested Readings:
- M.C. Kuchhal, and Vivek Kuchhal, Business Law, Vikas Publishing House, New Delhi.
- Avtar Singh, Business Law, Eastern Book Company, Lucknow.
- Ravinder Kumar, Legal Aspects of Business, Cengage Learning
- SN Maheshwari and SK Maheshwari, Business Law, National Publishing House, New Delhi.
- Aggarwal S K, Business Law, Galgotia Publishers Company, New Delhi.
- Bhushan Kumar Goyal and Jain Kinneri, Business Laws, International Book House
- Sushma Arora, Business Laws, Taxmann Pulications.
- Akhileshwar Pathak, Legal Aspects of Business, McGraw Hill Education, 6th ed.
- P C Tulsian and Bharat Tulsian, Business Law, McGraw Hill Education
10. Sharma, J.P. and Sunaina Kanojia, Business Laws, Ane Books Pvt. Ltd., New Delhi
Session Plan
Session 1
The Indian Contract Act, 1872: General Principle of Law of Contract
a) Contract – meaning, characteristics and kinds
b) Essentials of a valid contract - Offer and acceptance, consideration, contractual capacity, free consent, legality of objects.
c) Void agreements
Session 2
The Indian Contract Act, 1872: General Principle of Law of Contract
d) Discharge of a contract – modes of discharge, breach and remedies against breach of contract.
e) Contingent contracts
f) Quasi - contracts
Session 3
The Indian Contract Act, 1872: Specific Contract
a) Contract of Indemnity and Guarantee
b) Contract of Bailment
Session 4
Session 5
The Sale of Goods Act, 1930
a) Contract of sale, meaning and difference between sale and agreement to sell.
b) Conditions and warranties
c) Transfer of ownership in goods including sale by a non-owner
Session 6
The Sale of Goods Act, 1930:
Performance of contract of sale
Unpaid seller – meaning, rights of an unpaid seller against the goods and the buyer.
Session 7
The Partnership Act, 1932
Nature and Characteristics of Partnership
Registration of a Partnership Firms
Types of Partners
Session 8
The Partnership Act, 1932
Rights and Duties of Partners
Implied Authority of a Partner
Incoming and outgoing Partners
Mode of Dissolution of Partnership
Session 9
The Limited Liability Partnership Act, 2008:
Salient Features of LLP
Differences between LLP and Partnership, LLP and Company
LLP Agreement,
Partners and Designated Partners
Session 10
The Limited Liability Partnership Act, 2008:
Incorporation Document
Incorporation by Registration
Partners and their Relationship
Session 11
The Negotiable Instruments Act 1881:
Meaning, Characteristics, and Types of Negotiable Instruments : Promissory Note, Bill of Exchange, Cheque, Holder and Holder in Due Course, Privileges of Holder in Due Course.
Session 12
The Negotiable Instruments Act 1881:
Negotiation: Types of Endorsements, Crossing of Cheque, Bouncing of Cheque
Case Studies
Case Studies
Our Main Teachers
Ajitav Acharya is working as a faculty at at at Centurion University of Technology and Management, Bhubaneswar. He is having more than 10 years of experience in academics and industry. He is currently pursuing his Ph.D. at Utkal University. He has completed his MBA (Finance and Marketing) from Siksha ‘O’ Anusandhan University, MCom and Bcom […]