Business Law (Theory)

Paper Code: 
ATG/BSG/FSG/BSR/FSM/HRG/IBG 213
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The objective of this course is to acquaint the students with the different types of laws, which a businessman is generally exposed to or is affected by. The course aims at exposing the student to the regulatory framework of the Indian business.

COURSE OUTCOMES (COs):

Course

Learning outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

ATG/BSG/FSG/BSR/FSM/HRG/IBG 213

Business Law

CO 1:Understand the execution of special contracts such as Bailment, Pledge, Agency  used in different types of business.

CO 2: Know legitimate rights and obligations prescribed for Seller and Buyer under The Sale of Goods Act.

CO 3:Learn Provisions regarding Partnership form of Business and to understand the various technicalities pertaining to execution of Partnership.

CO 4: Learn the fundamentals of Consumerism and the system to pursue the consumer rights under Consumer Protection act 1982

CO 5: Understand the basic provisions and the mechanism of availing the Right to Information being a citizen of India. Students will also know the machinery set up for the same.

 

Approach in teaching:

 

Class room Lecture (Theory/ Using Power Point Presentation) /Discussions using Leading Case laws/

 

Learning activities for the students:

 

Role Play activities/ Moot Court/Group Discussions/ Class presentation/ Assignments 

Class participation, tutorial assignments and presentations, class tests, C A Test, Semester End Exams.

 

 

 

9.00
Unit I: 
Unit I: Specific Contracts
  • Bailment: meaning, valid essentials, modes of delivery of goods, classification of bailment, duties and rights of bailor and bailee, finder of goods lost, termination of bailment.
  • Pledge: meaning, essentials, difference between bailment and pledge.
  • Agency: meaning, essentials, creation and termination of agency, duties and rights of agent and principal, sub-agent, substituted agent, & Co-agent (Meaning) , irrevocable agency.
9.00
Unit II: 
Unit II :Sale of Goods Act, 1930
  • Meaning, essentials, difference between sale and agreement to sell,
  • classification of goods,
  • Condition & warranty: Meaning, difference, types,
  • Doctrine of caveat emptor.
  • Transfer of property in goods: Rules, transfer of ownership by non- owners.
  • Performance of contract: Meaning, rules relating to delivery of goods, duties and rights of buyer.
  • Unpaid seller: Meaning, rights-against the goods and against the buyer.
  • Remedies for breach of contract: Buyer’s remedy and auction sale.
9.00
Unit III: 
Unit III: The Indian partnership Act, 1932
  • Definition of partnership, essentials,
  • Difference between partnership and Joint Stock Company.
  • Formation and registration: Procedure of Registration,
  • Effects of non- registration, exceptions:
  • Rights not affected by non-registration.
  • Types of partnership, types of partners, minor as partner in benefi
  • Relations of partners: Rights and duties of partners, relations of partners to third parties
  • Dissolution of firm: Difference between dissolution of partnership and firm, modes of dissolution of firm
9.00
Unit IV: 
Unit IV: Consumer Protection Act, 1986
  • Objectives, important terms,
  • rights of consumer. Consumer protection councils,
  • Dispute Redressal agencies: District forum,
  • State commission, Central commission
9.00
Unit V: 
Unit V: Right to Information Act,2005
  • Objective, definitions: Right to Information,
  •  Public authority, Information, Record, Public Information Officer.
  • Obligations of public authority,
  •  Provisions relating to PIO, duties of PIO,
  •  Provision for obtaining information,
  • Provision relating to exemption from disclosure of information.
  • Information Commissions and their powers.
  • Appellate authorities

 

References: 
  • Aggarawal, Rohini, Student’s guide to Mercantile & Commercial Laws, Taxmann Allied Services Pvt. Ltd., NewDelhi.
  • Kapoor, N. D., Elements of Mercantile Law, Sultan Chand & Sons, NewDelhi
  • Tulsian, P. C., Business Law, Tata McGraw-Hill Publishing Company, New Delhi,2006.
  • Nolakha, R. L., Business Laws, Ramesh Book Depot,Jaipur
  • Sharma, Arya, Gupta, Jain, Business Laws, Ajmera Book Company, Jaipur
  • Datey, V.S., Business and Corporate Laws, Taxmann Allied Services Pvt. Ltd., NewDelhi
  • Singh, Nirmal, Business Laws, Deep & Deep Publications Pvt. Ltd., NewDelhi
  • Gulshan, S. S., Business Law, Excel Books, New Delhi

 

Academic Year: 
2020-2021
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