Legal Aspects of Business

Teacher

Dr.Susanta Kumar Mishra

Category

Core Courses

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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.

Session Plan

Session 1

Introduction to Indian Contract Act

 

Indian Contract Act,1872

https://youtu.be/r_JI4KbEy1k

Session 2

Essential Elements of a Valid Contract,Difference between Agreement and Contract

Essentials of Valid Contract-converted

https://youtu.be/dErRpK5FhFw

Session 6 & 7

Session 9

Session 10

Session 11 & 12

Special Contracts - Quasi contract

https://youtu.be/jXHAEqa_TxA

Quasi Contracts

Session 13

Session 14 & 15

Session 16 & 17

Sale of Goods Act 1930: Sale and  Agreement to Sell

https://youtu.be/nuq76zCeQMw

Sale of Goods Act

Session 18 & 19

Implied conditions and warranties,  Sale by non-owners

https://youtu.be/kBD9161SBa0

Conditions and Warranties

Session 20

The Companies Act 2013

Meaning and Nature of Company

Types of Company

Nature & Type of Company-converted

Session 21 & 22

Incorporation, Memorandum & Articles of association

Incorporation of Company

Session 23

Prospectus

Rules Relating to Issue of Shares

Company Prospectus

Session 24

The Limited Liability Partnership Act 2008

Meaning and Nature of Limited Partnership

Limited Liability Partnership Act

Session 25

Limited Liability Partnership Act:2008

Formation,  Partners & their relations

Limited Liability Partnership Act

Session 26

Right to Information Act:2005

Salient Features and Coverage of the Act

Definition of the term Information,Right,Record and Public Authority

Right to Information Act

Session 27

Right to Information Act:

Obligations of public authorities,

Requesting information and functions of PIO.

Right to Information Act

Session 28

Consumer Protection Act 1986

Important Definitions under the Act

Objective Behind the Act

Machinery for Consumer Protection

Consumer Protection Act,1986 (1)

Session 29 & 30

Consumer Protection Act 1986

Defects and Deficiency Removal Procedure under the Act

Rights of Consumers

Case Studies

Inian Contract Act :

Balfour V.Blfour Case Law

https://youtu.be/h_0HTPctg90

Case Studies

Inian Contract Act :

Carlil V.Carbolic Smoke Ball Case Law

https://youtu.be/n3KUv9uob5Y

Case Studies

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