BUSINESS LAWS

Paper Code: 
COM 203
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

COURSE OUTCOMES(COS):

Course Outcomes

Learning and teaching strategies

Assessment Strategies

 
 

On completion of this course, the students will be able to:

1.      

2.     CO 52: To create an understanding about the execution of special contracts such as Bailment, Pledge, Agency used in different types of business. 

3.      

CO 53: To evaluate the legitimate rights and obligations prescribed for Seller and Buyer under The Sale of Goods Act.

 

CO 54: To Learn Provisions regarding Partnership form of Business and to understand the various technicalities pertaining to execution of Partnership.

 

CO 55: To analyze the fundamentals of Consumerism and the system to pursue the consumer rights under Consumer Protection act 1982

 

CO 56: To Build the insight about 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.

 

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

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: 

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: 

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: 

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 benefits.

·         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 offirm,

9.00
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: 

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

 

Essential Readings: 

·         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.

·         Nolakha, R. L., Business Laws, Ramesh Book Depot,Jaipur

References: 

·         Datey, V.S., Business and Corporate Laws, Taxmann Allied Services Pvt. Ltd., NewDelhi

·         Singh, Nirmal, Business Laws, Deep & Deep Publications Pvt. Ltd., NewDelhi

·         Sharma, Arya, Gupta, Jain, Business Laws, Ajmera Book Company, Jaipur

·         Gulshan, S. S., Business Law, Excel Books, NewDelhi

·         Pillai RSN, Bhagavathi, Business Laws, S. Chand publishing https://www.google.co.in/books/edition/_/kCwrDAAAQBAJ?hl=en&gbpv=1

·         Ryder,Griffiths,Singh, Commercial Law: Principles & Policy, Cambridge University Press https://www.google.co.in/books/edition/_/kCwrDAAAQBAJ?hl=en&gbpv=1

Study Material of ICSI on Economic, Business & Commercial laws https://www.icsi.edu/media/webmodules/Economic%20Business%20and%20Commercial%20Laws.pdf

·         Prabandhan

·         The Indian Journal of Commerce

·         IUP Journal of Coprporate Governance

Academic Year: 
2022-2023
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