Legal Aspects of Business

Unit

Contents

Sessions

1

The Contract Act, 1872:

Essential Elements of Valid Contract, Essential Elements of Valid Contracts, Contracts of Indemnity & Guarantee, Contingent Contract, Quasi Contract, Discharge of Contract, Breach of Contract-Meaning & Remedies, Agency – Creation of Agency – Agent and Principal (Relationship/rights), Types of Agency.

(5+1)

2

Sale of Goods Act, 1930:

Contract of Sale of Goods, Conditions & Warranties, Transfer of Property or Ownership, Performance of the Contract of Sale, Rights of Unpaid Seller, Sale by Auction.

(5+1)

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)

4

The Companies (Amendment) Act, 2015:

Company – Definition, Meaning, Features and Types, One Person Company, Incorporation of Company – Memorandum of Association (MOA), Articles of Association (AOA), Share Capital & Debentures, Acceptance of Deposits, Appointment of Director including Woman Director.

(5+1)

5

The Consumer Protection Act, 1986, Unfair & Restrictive Trade Practices, Dispute Redressal Forums – District, State & National Forum, Composition, Jurisdiction, Powers, Appellate Authority.

Information Technology Act, 2000, Digital Signature, Electronic Governance, Electronic Records E – Contracts, E – Business Models, E – Commerce & Security, Cyber Crimes. Intellectual Property Laws – Understanding of Concepts of Patents, Copyrights, Trademarks and Designs.

(5+1)