Mercantile Law

Syllabus

BBA: 233

Mercantile Law

UNIT-I

Law of Contract: Introduction, Kinds of Contract, Valid, Void, Voidable, Contingent and Quasi Contract and E Contract, Agreement, Kinds of Agreement, Distinguish between Agreement and Contract, Offer and Acceptance, Consideration, Capacity of Parties, Free Consent, Legality of Object, Performance and Discharge of Contract.

Remedies for Breach of Contract, Indemnity and Guarantee. Law of Agency:- Introduction, Definitions, Creation of Agency, Estoppel, Types of Agents, Authority of an Agent .

Bailment and Pledge: Introduction, Definitions, Rights and Duties of Bailor and Bailee, Pledge, Rights and Duties of Pawnee and Pawnor.

UNIT-II

Sale of Goods Act: Introduction, Definitions, Formation of Contract, Distinction Between ‘Sale’ and ‘Agreement of Sell, Distinction Between Sale and Hire Purchase Agreement, Conditions and Warranties, Difference Between Transfer of Property and Possession, Right of an Unpaid Seller, Performance of Contract of Sales

UNIT-III

Negotiable Instruments: Introduction, Definitions, Characteristics of Negotiable Instruments, Operational Rules of Evidence- Presumptions, Classification of Negotiable Instruments, Promissory Note, Cheque, Parties of Negotiable Instrument, Negotiation, Presentation, Discharge and Dishonour of Negotiable Instruments, Rules of Evidence, Banker and Drawer.

UNIT-IV

Law of Partnership: Introduction to Partnership Act, Definitions, Formation, Rights, Duties, Liabilities of Partners, Dissolution of Partnership Firm, Limited Liability Partnership, Salient Features of RTI Act, Consumer Protection ACT 2019.