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Business Laws
The objective of this course is to acquaint the students with the different types of laws, which a businessman is generally exposed to or is affected by. The course aims at exposing the student to the regulatory framework of the Indian business.
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.
Contract of Agency: meaning, essentials, creation and termination of agency, duties and rights of agent and principal, delegation of authority: sub-agent, substituted agent, personal liability of agent, irrevocable agency
Sale of Goods Act, 1930:
Contract of sale of goods: Meaning, essentials, difference between sale and agreement to sell, hire purchase concept, classification of goods, effects of destruction of specific 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 co-ownership, difference between partnership and Joint Stock Company.
Formation and registration: who may become partner, time and procedure of registration recording of changes, 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.
1. Aggarawal, Rohini, Student’s guide to Mercantile & Commercial Laws, Taxmann
Allied Services Pvt. Ltd., New Delhi.
2. Kapoor, N. D., Elements of Mercantile Law, Sultan Chand & Sons, New Delhi
3. Tulsian, P. C., Business Law, Tata McGraw-Hill Publishing Company, New Delhi, 2006.
4. Nolakha, R. L., Business Laws, Ramesh Book Depot, Jaipur
5. Sharma, Arya, Gupta, Jain, Business Laws, Ajmera Book Company, Jaipur
1. Datey, V.S., Business and Corporate Laws, Taxmann Allied Services Pvt. Ltd., New Delhi
2. Singh, Nirmal, Business Laws, Deep & Deep Publications Pvt. Ltd., New Delhi
3. Gulshan, S. S., Business Law, Excel Books, New Delhi
