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BUSINESS LAWS
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Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
|---|---|---|
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CO 24:Explain the basic concepts of Indian Contract Act and laws of business. CO 25:Examine the fundamental legal principles behind contractual agreements. CO 26:Examine the law relating to Sales of Goods acts 1930, CO 27:Describe the essentials of Indian Partnership Act 1932 and LLP Act CO 28:Describe the Essential features of company and Create Memorandum of Association and Articles of Association other related concepts |
Interactive Lectures, Discussion, Tutorials, reading assignments, Interactive White Board, Incorporating technology in teaching. Self-learning assignments, Effective questions |
Class test, Semester end examinations, Quiz, Assignments, Class interaction, Presentation, Case study analysis, Open ended questions, think-pair-share, Socratic seminar |
• The Indian Contract Act, 1872: An overview of Sections 1 to 75 covering the general nature of contract, consideration, other essential elements of a valid contract, performance of contract, breach of contract, Contingent and Quasi Contract
• The Sale of Goods Act, 1930: Formation of the contract of sale, Conditions and Warranties, Transfer of ownership and delivery of goods, unpaid seller and his rights
• The Indian Partnership Act, 1932: General Nature of Partnership, Rights and duties of partners, Reconstitution of firms, Registration and dissolution of a firm.
• The Limited Liability Partnership Act, 2008: Introduction-covering nature and scope, Essential features, characteristics of LLP, Incorporation and differences with other forms of organizations
• The Companies Act, 2013: Essential features of company, corporate veil theory, Classes of companies, types of share capital, Incorporation of company, Memorandum of Association, Articles of Association, and Doctrine of Indoor Management.
Study Material Published by Institute of Chartered Accountants of India
• Tulsian, P. C., Business Law, Tata McGraw-Hill Publishing Company, New Delhi, 2006.
• Nolakha, R. L., Business Laws, Ramesh Book Depot, Jaipur
