Business Law

Syllabus

(3T3) BUSINESS LAW

Unit-I

1)       Business law: Meaning, evolution and significance.

2)       Law relating to Contract – (Indian Contract Act-1872): important definitions, nature and kinds of contract, essentials of a valid contract, offer and acceptance, consideration, capacities of parties to contract, free consent.

3)       Void Agreement, Contingent Contract, Quasi Contract.

4)       Contract of Indemnity and Guarantee, Law of Agency.

Unit-II

1)       Law relating to Sale of Goods- (Sale of Goods Act- 1930): contract of sale of goods, Essentials of a contract of sale, concept of goods, sale distinguished from agreement to sell, difference between conditions and warranties; transfer of ownership and delivery of goods, unpaid seller - his rights against the goods and the buyer.

2)       Law relating to Partnership- (the Indian partnership act 1932): concept of partnership and partnership firm, types of partner, types of partnership.

3)       Registration of partnership firm, effect of non-registration, partnership deed, duties and liabilities of partners including those of newly admitted partners, dissolution of partnership firms.

Unit-III

1)       Law relating to Negotiable Instruments -(Negotiable Instrument Act-1881): Meaning and Definition of Negotiable instruments, Promissory Notes, Bills of Exchange and its Types, Cheques and Its types, Crossing of Cheques.

2)       Endorsements: Meaning and Types, Holder and Holder in due course and its rights, Discharge of Negotiable Instruments.

3)       Parties to a Negotiable Instrument - duties, rights, and liabilities.

4)       Prevention of Money Laundering Act-2002: Objectives, Important Definitions and Salient Features.

Unit-IV

1)       Law relating to Consumer protection in India - (Consumer Protection Act-1986): Definition of Consumer, Importance of Consumer, Problems faced by Consumers, Consumer Protection- Need & Importance, Rights & Responsibilities of Consumer.

2)       Definitions: Complaints, Services, Defects & Deficiency, Relief available to consumer, Procedure to file complaints, ways and means of consumer protection, consumer dispute redresser agencies and procedure followed by redresser agencies.

3)       Law Relating to Information Technology- (Information Technology Act-2000): Objectives, scope and Important Terms, Digital Signature & Electronic Records, Certifying Authority, Digital Signature Certificates, offense and Penalties.

4)       Cyber Law: Meaning, Important Definitions, Features, Need and Importance of cyber Law inIndia.