Business Law

Syllabus

CODE 501: BUSINESS LAW

                                                                                               Work load: 4 hrs per week

Internal Marks: 20                                                                         External Marks: 80

Module 1: General Principles                                                                   (14 Hours)

a)       General Principles – Definition, Scope and Sources of Business Laws, Law of Contract-Definition of Contract-Valid Contract-Definition & essentials, kinds of contract.

b)       Offer & acceptance – essentials of valid offer & acceptance.

c)       Capacity & contract – rules related to minor’s agreement, disqualified persons.

d)       Consideration – rules related to consideration.

e)       Free consent-vitiating elements coercion, undue influence, fraud, misrepresentation & mistake.

Module 2: Legality & Discharge of Contracts                                     (12 Hours)

a)       Legality of object-agreements opposed to public policy-void agreement- contingent contract-wager.

b)       Discharge of contract, modes of discharge of contracts, performance of contract.

c)       Breach of contract and remedies for breach of contract, quasi contract.

Module 3: Special Contracts                                                                     (12 Hours)

a)       Specific Contracts, Contract of Indemnity & Contract of guarantee- kinds of guarantee, modes of discharge of surety.

b)       Contract of bailment, Contract of pledge, Rights and duties of bailor and bailee, finder of lost goods.

c)       Contract of agency-definition, agent, principal, creation of agency, rights and duties of parties.

Module 4: Consumer Protection Act                                                       (10 Hours)

a)       Consumers Protection Act 1986 –Objectives of the Act, Definitions, Consumers councils, Consumers Disputes Redressal agencies.

b)       Rights related to packaged commodities.

c)       Recent Judgment of Consumer disputes.

Module 5                                                                                                         (12 Hours)

Right to Information Act 2005 & Information Technology Act 2000-

Objectives, general features, powers & functions of both Acts