BUSINESS LAWS

Paper Code: 
COM 203
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

COURSE OUTCOMES(COS):

Course Outcomes

Learning and teaching strategies

Assessment Strategies

 
 

On completion of this course, the students will be able to:

  1.  
  2. CO 52: To create an understanding about the execution of special contracts such as Bailment, Pledge, Agency used in different types of business. 
  3.  

CO 53: To evaluate the legitimate rights and obligations prescribed for Seller and Buyer under The Sale of Goods Act.

 

CO 54: To Learn Provisions regarding Partnership form of Business and to understand the various technicalities pertaining to execution of Partnership.

 

CO 55: To analyze the fundamentals of Consumerism and the system to pursue the consumer rights under Consumer Protection act 1982

 

CO 56: To Build the insight about the basic provisions and the mechanism of availing the Right to Information being a citizen of India. Students will also know the machinery set up for the same.

 

Class room Lecture (Theory/ Using Power Point Presentation) /Discussions using Leading Case laws

Role Play activities/ Moot Court/Group Discussions/ Class presentation/ Assignments 

Class participation, tutorial assignments and presentations, class tests, C A Test, Semester End Exams.

 

  

 

9.00
Unit I: 
Specific Contracts

Unit I: Specific Contracts

  • Bailment: meaning, valid essentials, modes of delivery of goods, classification of bailment, duties and rights of bailor and bailee, finder of goods lost, termination of bailment.
  • Pledge: meaning, essentials, difference between bailment and pledge.
  • Agency: meaning, essentials, creation and termination of agency, duties and rights of agent and principal, sub-agent, substituted agent, & Co-agent (Meaning) , irrevocable agency.

 

 

9.00
Unit II: 
Sale of Goods Act, 1930

 Unit II: Sale of Goods Act, 1930

  • Meaning, essentials, difference between sale and agreement to sell,
  • Classification of goods,Condition & warranty: Meaning, difference, types,
  • Doctrine of caveat emptor.
  • Transfer of property in goods: Rules, transfer of ownership by non- owners.
  • Performance of contract: Meaning, rules relating to delivery of goods, duties and rights of buyer.
  • Unpaid seller: Meaning, rights-against the goods and against the buyer.
  •  Remedies for breach of contract: Buyer’s remedy and auction sale.

 

 

9.00
Unit III: 
The Indian partnership Act, 1932

Unit III: The Indian partnership Act, 1932

  • Definition of partnership, essentials, difference between partnership and Joint Stock Company.,Formation and registration: Procedure of Registration,effects of non- registration, exceptions: rights not affected by non-registration. Types of partnership, types of partners, minor as partner in benefits.
  • Relations of partners: Rights and duties of partners, relations of partners to third parties
  • Dissolution of firm: Difference between dissolution of partnership and firm, modes of dissolution offirm,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.00
Unit IV: 
Consumer Protection Act, 1986

 

Unit IV: Consumer Protection Act, 1986

Objectives, important terms,Rights of consumer. Consumer protection councils,

Dispute Redressal agencies: District forum,State commission, Central commission
 

 

9.00
Unit V: 
Right to Information Act,2005

Unit V: Right to Information Act,2005

  • Objective, definitions: Right to Information,
  • Public authority, Information, Record, Public Information Officer.
  • Obligations of public authority,
  • Provisions relating to PIO, duties of PIO,
  • Provision for obtaining information,
  • Provision relating to exemption from disclosure of information.
  • Information Commissions and their powers.
  • Appellate authorities

 

 

Essential Readings: 

ESSENTIAL READINGS:

  • Aggarawal, Rohini, Student’s guide to Mercantile & Commercial Laws, Taxmann Allied Services Pvt. Ltd., NewDelhi.
  • Kapoor, N. D., Elements of Mercantile Law, Sultan Chand & Sons, NewDelhi
  • Tulsian, P. C., Business Law, Tata McGraw-Hill Publishing Company, New Delhi.
  • Nolakha, R. L., Business Laws, Ramesh Book Depot,Jaipur

 

 

References: 

SUGGESTED READINGS:

  • Datey, V.S., Business and Corporate Laws, Taxmann Allied Services Pvt. Ltd., NewDelhi
  • Singh, Nirmal, Business Laws, Deep & Deep Publications Pvt. Ltd., NewDelhi
  • Sharma, Arya, Gupta, Jain, Business Laws, Ajmera Book Company, Jaipur
  • Gulshan, S. S., Business Law, Excel Books, NewDelhi

 

e- RESOURCES:

JOURNALS

  • Prabandhan
  • The Indian Journal of Commerce
  • IUP Journal of Coprporate Governance

 

Academic Year: 
2022-2023
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