Legal Aspects of Business

Teacher

Dr.Susanta Kumar Mishra

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Course Name : Legal Aspects of Business

Code(Credit) : BBAR-3102 (Credit 3-1-0)

Course Objectives

1.To familiarize the students with the theories and Cases of Business Law that are relevant in the organizational context.

2.To differentiate between Social Contracts and Business Contracts and liabilities arising out of the breach of it.

3 To gain the knowledge relating to the protection available to Consumers and and to understand the legal aspects while buying and selling of goods.

Course Outcomes

CO1. The students will be able to find out the various dimensions of the business transactions entered on behalf of the Employer by the Employee.

CO2 .Developing the framework for the students to enable them to have the basic knowledge of the Patents and Copyrights

CO3.To understand the recent practices having adverse effect on competition and provisions of the Consumer Protection Act to protect the interest of the consumers.

CO & PO Mapping
CO	COURSE OUTCOMES	MAPPING COS WITH POS (High-3; Medium-2; Low-1)
CO1	The students will be able to find out the various dimensions of the business transactions entered on behalf of the Employer by the Employee.	PO1(2). PO2(3)
CO2	Examine various aspects of entering a contract and its implications by differentiating between a social contract and a business contract	PO1(3), PO3(2)
CO3	To understand the recent practices having adverse effect on competition and provisions of the Consumer Protection Act to protect the interest of the consumers	PO1(3), PO3(2)

Course Syllabus

Module-I
Indian Contract Act, Essential elements of contract, Offer and Acceptance, Consideration, Capacities of parties, Free consent, contingent contract , discharge of contract, Special Contracts - Quasi contract, Indemnity and Guarantee, Bailment and pledge
Module-II
Sale of Goods Act 1930: Sale and agreement to sell, Implied conditions and warranties, sale by non-owners

Module-III

The Companies Act 2013: Meaning and types of Companies, Incorporation, Memorandum & Articles of association, Prospectus, The Limited Liability Partnership Act 2008: Meaning and nature of limited partnership, Formation, partners & their relations
Module-IV
Consumer Protection Act 1986: Objectives and machinery for consumer protection, Consumer Protection Act 1986:defects and deficiency removal, rights of consumers, The Right to Information Act 2005:Salient features and coverage of the act, definition of terms information, right, record, public authority, obligations of public authorities, requesting information and functions of PIO.

Text Book
1. Mercantile law by N.D.Kapoor
2. Business and Corporate Law by Dr. P. C Tulsian, S. Chand Publication

Reference Books
1. S.S.Gulshan; Mercantile Law. 3rd Edition, Excel Books, New Delhi.