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

  •  This course provides an understanding of the basics of Business Law which an employee might face in the day -to-day working of the Organisation.
  •  The course also differentiates between Social Contracts and Business Contracts and liabilities arising out of it.
  • Students are expected to be familiar with various aspects associated with the Sale of Goods and relating to the protection of Consumers.

Learning Outcomes

  •  The students will have a better understanding of the legal consequences of the business transactions entered on behalf of the Employer by the Employee.
  • The Student will understand the cautions to be exercised while signing any contracts and understand the legal consequences arising out of such contracts,e.g.Loan Contracts and Insurance Contracts.
  • While selling and purchasing goods the student will keep in mind the provisions of the Sale of Goods Act and Consumer Protection Act.

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 5

Session 6 & 7

Capacities of parties

https://youtu.be/KT25XjZnz_A

Session 8

Session 9

Contingent Contract

https://youtu.be/RGRi011Ildo

Session 10

Discharge of Contract.

https://youtu.be/NB2AT8gcfr4

Session 11 & 12

Special Contracts - Quasi contract

https://youtu.be/jXHAEqa_TxA

Session 13

Indemnity and Guarantee

https://youtu.be/ixUw1B960kA

Session 14 & 15

Bailment and pledge

https://youtu.be/p2MDAJ0ArHU

Session 16 & 17

Sale of Goods Act 1930: Sale and  Agreement to Sell

https://youtu.be/nuq76zCeQMw

Session 18 & 19

Implied conditions and warranties,  Sale by non-owners

https://youtu.be/kBD9161SBa0

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

Session 23

Prospectus

Rules Relating to Issue of Shares

Session 24

The Limited Liability Partnership Act 2008

Meaning and Nature of Limited Partnership

Session 25

Limited Liability Partnership Act:2008

Formation,  Partners & their relations

Session 26

Right to Information Act:2005

Salient Features and Coverage of the Act

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

Session 27

Right to Information Act:

Obligations of public authorities,

Requesting information and functions of PIO.

"

Session 28

Consumer Protection Act 1986

Important Definitions under the Act

Objective Behind the Act

Machinery for Consumer Protection

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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