Corporate and Business Laws-I

Paper Code: 
24AAF113
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Objectives:

 

This course will enable the students to develop knowledge and skills in the understanding of the general legal framework within which international business takes place, and of specific legal areas relating to business, recognizing the need to seek further specialist legal advice where necessary.

 

Course outcome (Cos):

Course

Learning

outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course

Title

24AAF

113

 

Corporate and Business Laws-I

(Theory)

CO13: Gain knowledge about the structure of Indian Legal system and general clauses act.

CO14: Analyze the Interpretation of Statutes and Law of Torts.

CO15: Evaluate various features of Contract act

CO16: Comprehend the various provisions of Sales of Goods Act, 1930 and Indian Partnership Act.

CO17: Acquire knowledge and analyze Limited Liability Partnership Act and other forms of business organizations.

CO18: Contribute effectively in course – specific interaction.

Approach in teaching:
Interactive Lectures, Discussion, Tutorials, Reading assignments, Interactive White Board, Incorporating technology in teaching
 

Learning activities for the students:
Self learning assignments,

Class test, Semester end examinations, Quiz,  Assignments, Class interaction, Presentation, Case study analysis, Open ended questions, think-pair-share, Socratic seminar

 

9.00
Unit I: 
Essential Elements of the Indian Legal System:

Law and the Legal System
• Definition- Types of law Structure and operation of the courts,
• Sources of law: Case law and precedent- Legislation Rules and presumptions used by the courts
The General Clauses Act, 1897
• Important definitions, Extent and Applicability,
• General Rules of Construction, Powers and Functionaries,
• Provisions as to Orders, Rules, etc. made under Enactments, Miscellaneous

9.00
Unit II: 
Interpretation of Statutes and Law of Tort:

Interpretation of Statutes:
• Need for interpretation of a statute Principles of Interpretation;
• Aids to Interpretation; Legal Terminologies

Law of Torts:
• General conditions of Liability for a Tort,
• Strict and Absolute Liability, Vicarious Liability
• Torts or wrongs to personal safety and freedom,
• Liability of a Corporate Entity/Company in Torts, Remedies in Torts

9.00
Unit III: 
Contract Law:

• Formation of an Agreement, Intention to create legal relationship
• Offer and invitation to offer, Kinds of offer, acceptance and revocation of offer and acceptance
• Consideration, Exceptions of consideration
• Capacity to Contract
• Free Consent, Void and Voidable Contracts, Discharge of Contracts, Remedies for breach of Contract, Quasi Contracts, e-contracts

9.00
Unit IV: 
The Sale of Goods Act, 1930 and The Indian Partnership Act, 1932:

The Sale of Goods Act, 1930
• Important definitions, Essentials of a Contract of Sale
• Bailment, Contract for Work and Labour and Hire-Purchase
• Conditions and Warranties, Doctrine of Caveat Emptor, Performance of the Contract of Sale, Effects of the Contract
• Rights of unpaid seller against the goods, Suits for breach of the contract
The Indian Partnership Act, 1932
• General Nature of Partnership
• Rights and duties of partners, Reconstitution of firms, Registration and dissolution of a firm

9.00
Unit V: 
The Limited Partnership Act, 2008:

• The Limited Liability Partnership Act, 2008
• Introduction- covering nature and scope,
• Essential features, characteristics of LLP
• Incorporation and differences with other forms of organizations

Essential Readings: 

1. Elements of Business Law by N D Kapoor , Sultan Chand Publication
2. Singh, Nirmal, Business Laws, Deep & Deep Publications Pvt. Ltd., NewDelhi
3. Sharma, Arya, Gupta, Jain, Business Laws, Ajmera Book Company, Jaipur
4. Gulshan, S. S., Business Law, Excel Books, NewDelhi

References: 

1. Aggarawal, Rohini, Student’s guide to Mercantile & Commercial Laws, Taxmann Allied
Services Pvt. Ltd., NewDelhi.
2. Kapoor, N. D., Elements of Mercantile Law, Sultan Chand & Sons, NewDelhi
3. Tulsian, P. C., Business Law, Tata McGraw-Hill Publishing Company, New Delhi.
4. Nolakha, R. L., Business Laws, Ramesh Book Depot, Jaipur

E-Content:
1. https://www.academia.edu/19172901/BUSINESS_LAW_E_BOOK
2. https://www.bloomsburyprofessional.com/uk/law/company-law/
3. https://www.waterstones.com/category/business-finance-law/law/company-co...
4. https://lawanswered.com/shop/llb-company-law-case-book
5. https://www.google.com/aclk?

Reference Journals:
1. https://law.asia/category/india-business-law-journal/

Academic Year: