Business Laws

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.

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.

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 of firm, 

Consumer Protection Act, 1986: Objectives, important terms, rights of consumer. Consumer protection councils, Dispute Redressal agencies: District forum, State commission, Central commission

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.