LEGAL ASPECTS OF BUSINESS Pune Mba Second Sem

Syllabus

Course Code: GC 13

Legal Aspects of Business

Unit 1: The Indian Contract Act 1872: Meaning and Essentials of Contract; Kinds of Contract Based on Validity, Formation of Contract- Law Relating to Offer and Acceptance, Consideration, Competency to Contract, Free Consent, Void Agreements, Wagering Agreement and Its Essentials, Exceptions to Wager, Performance of Contracts, Contingent Contract, Quasi Contract, Discharge of Contract, Breach of Contract-Meaning & Remedies; Special Contracts- Contract of Indemnity and Guarantee, Contract of Agency - Creation of Agency – Agent and Principal (Relationship/Rights). (5+1)

Unit 2: Sale of Goods Act, 1930: Contract of Sale of Goods, Sale and Agreement to Sell, Caveat Emptor, Conditions & Warranties, Transfer of Property or Ownership, Performance of the Contract of Sale-Delivery of Goods by Seller and Acceptance of Delivery of Goods and Payment for the Same by Buyer, Unpaid Seller-Rights of Unpaid Seller, Sale by Auction. (5+1) 

Unit 3: The Negotiable Instrument Act, 1881: Negotiable Instruments – Meaning, Characteristics, Types. Parties, Holder and Holder in Due Course, Negotiation and Types of Endorsements, Dishonor of Negotiable Instrument – Noting and Protest. (5+1) 

Unit 4: The Companies (Amendment) Act, 2015: Company – Definition, Meaning, Features and Types- Private, Public, One Person Company, Incorporation of Company – Memorandum of Association (MOA), Articles of Association (AOA), Prospectus, Share Capital and Types of Shares & Debentures, Buy Back of Shares, Acceptance of Deposits, Appointment of Director Including Woman Director. (5+1) 

Unit 5: The Consumer Protection Act, 2019: Definition of Consumer w.r.t Goods & Services, Dispute Redressal Forums – District, State & National Forum, Composition, Jurisdiction, Powers, Appellate Authority, Unfair & Restrictive Trade Practices, (5+1)