Business Laws

Syllabus

PAPER II : BUSINESS LAWS

 Unit 1

The Contract Act, 1872. Meaning, Characteristics and Kinds, Essentials of Valid Contract : Offer and Acceptance, Consideration, Contractual Capacity, Free Consent, Legality of Objects – Void Agreements.

 Unit 2

Contract of Indemnity and Guarantee; Contract of Bailment and Pledge; Discharge of Contract – Modes, Breach, Remedies; Quasi Contract.

 Unit 3  

Contract of Agency, Sales of Goods Act, 1930 - Contract of Sale, Meaning, Difference between Sale and Agreement to Sell, Conditions and Warranties, Transfer of Ownership in Goods Including Sale by Non Agreement, Performance of Contract of Sale, Unpaid Seller.

 Unit 4

The Negotiable Instrument Act, 1881 – Definition, Features, Types of Negotiable Instruments, Promissory Note, Bill of Exchange, Cheque, Endorsement and its Types, Holder and Holder in Due Course.

Consumer Protection Act, 1986 : Objectives and its Salient Provisions.