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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.
Course Outcomes (COs):
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Paper Code |
Paper Title |
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COM 203 |
Business Law |
CO 51Understand the execution of special contracts such as Bailment, Pledge, Agency used in different types of business. CO 52Know legitimate rights and obligations prescribed for Seller and Buyer under The Sale of Goods Act. CO 53 Learn Provisions regarding Partnership form of Business and to understand the various technicalities pertaining to execution of Partnership. CO 54Learn the fundamentals of Consumerism and the system to pursue the consumer rights under Consumer Protection act 1982 CO 55Understand 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.
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Class room Lecture (Theory/ Using Power Point Presentation) /Discussions using Leading Case laws/
Learning activities for the students:
Role Play activities/ Moot Court/Group Discussions/ Class presentation/ Assignments |
Class participation, tutorial assignments and presentations, class tests, C A Test, Semester End Exams.
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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, sub-agent, substituted agent and co-agent(meaning), irrevocable agency.
Meaning, essentials, difference between sale and agreement to sell, classification of goods
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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.
Definition of partnership, essentials, difference between partnership and co-ownership, 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
Objectives, important terms, rights of consumer.
Consumer protection councils, dispute redressal agencies: district forum, state commission, central commission.
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.
- Aggarawal, Rohini, Student’s guide to Mercantile & Commercial Laws, Taxmann Allied Services Pvt. Ltd., New Delhi.
- Kapoor, N. D., Elements of Mercantile Law, Sultan Chand & Sons, New Delhi
- Tulsian, P. C., Business Law, Tata McGraw-Hill Publishing Company, New Delhi, 2006.
- Nolakha, R. L., Business Laws, Ramesh Book Depot, Jaipur
- Datey, V.S., Business and Corporate Laws, Taxmann Allied Services Pvt. Ltd., New Delhi
- Singh, Nirmal, Business Laws, Deep & Deep Publications Pvt. Ltd., New Delhi
- Gulshan, S. S., Business Law, Excel Books, New Delhi
