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BUSINESS LAWS [1]

Paper Code: 
BCP 115
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

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

 

12.00

• 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

12.00

• 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

12.00

• The Indian Partnership Act, 1932: General Nature of Partnership, Rights and duties of partners, Reconstitution of firms, Registration and dissolution of a firm.

12.00

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

12.00

• 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.

Essential Readings: 

Study Material Published by Institute of Chartered Accountants of India

References: 

• Tulsian, P. C., Business Law, Tata McGraw-Hill Publishing Company, New Delhi, 2006.
• Nolakha, R. L., Business Laws, Ramesh Book Depot, Jaipur

Academic Year: 
2022-2023 [2]

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Source URL: https://accountingtaxation.iisuniv.ac.in/courses/subjects/business-laws-24

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/business-laws-24
[2] https://accountingtaxation.iisuniv.ac.in/academic-year/2022-2023