Business Laws

Syllabus

(MBAT-106)

Unit 1

Laws of Contract (The Indian Contract Act, 1872)

Concept of Contract, Offer and Acceptance; Valid Contracts and its Essential Elements; Void Agreements; Classification of Contracts; Quasi Contract; Performance of Contract; Discharge of Contract; Remedies for Breach of Contract. Special Contracts: Indemnity, Guarantee, Bailment, Pledge, and Agency.

Unit 2

The Sale of Goods Act, 1930

Nature of Contract of Sale; Formation of Contract of Sale, Agreement to Sell, Conditions and Warranties, Transfer of Property in Goods, Performance of the Contract of Sale, Remedies for Breach, Unpaid Seller and his Rights, Rights of Buyers, Sale by Auction.

Unit 3

The Negotiable Instruments Act, 1881

Definition, Features and Types of Negotiable Instruments; Methods of Negotiation of Instruments; Holder and Holder-In-Due Course; Endorsement and Delivery of a Negotiable Instrument; Presentation of Negotiable Instrument. Banker and Customer: An Introduction; Crossing of a Cheque; Types of Crossing; Bouncing of Cheques; Obligations of Banker and Customer; Dishonour and Discharge of Negotiable Instruments.

Unit 4

a)      The Consumer Protection Act, 1986: Basic Concepts: Complaint, Complainant, Consumer, Rights of Consumer, Consumer Forums: Their Role, Powers and Functions,         Procedure for Consumer Grievance Redressal, Major Decided Cases.

b)      The Competition Act, 2002: Basic Concepts, Powers of Central Government Under the Competition Act, Major Provisions of the Competition Act: Role and Working of        Competition Commission of India.

Unit 5

The Companies Act

An Overview; Nature and Kinds of Companies; Formation of a Company; Company Management; Company Meetings.