Legal Aspects of Business (Theory)

Paper Code: 
24CBTM502
Credits: 
04
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to create understanding about the role and importance of Indian Contract Act, 1872 related to business administration, explain the concept of a company and distinguish among various types of companies and Disseminate knowledge among students about the authorities and bodies involved in the legal system in India.

 

Course Outcomes: 

Course

Learning outcomes

(at course level)

Learning and teaching strategies

Assessment

Strategies

Course Code

Course Title

24CBTM502

 

 

 

 

 

 

 

 

 

 

 

Legal Aspects of Business

(Theory)

 

 

CO187: Evaluate the provisions of the Indian Contract Act 1872.

CO188: Explain the provisions of competency to contract, free Consent, performance of Contract, discharge, and breach of contracts.

CO189: Analyze the aspects of special contracts and associated rights and features under the Indian Contract Act 1872.

CO190: Classify the public and private companies and explain the contents of Memorandum, Articles of Association and directorial roles under the The Companies Act 2013

CO191: Examine the Sale of Goods Act 1930 and Consumer Protection Act 1986.

CO192: Contribute effectively in course-specific interaction 

Approach in teaching:

Interactive sessions using whiteboards, Case Discussion, Case Studies, Frequent or unannounced quizzes.

Learning activities for the students:

Self learning assignments, Effective questions,  presentation, Solving problems with description of  important cases of business law, Project tasks

 

Continuous Assessment Test, Semester end examination,

 Quiz, Case Study ,  Assignments, Class interaction

 

12.00
Unit I: 

The Indian Contract Act 1872:

Meaning and Essentials of contract; Kinds of contract-Based on: validity, formation & performance, law relating to offer and acceptance & characteristics of consideration. 

12.00
Unit II: 

Performance of contract: Competency to contract, free consent, Void agreements, performance of contracts: meaning, modes of performance, persons entitled to demand performance, discharge of contracts, breach of contracts.

 

12.00
Unit III: 

Special contracts: contract of indemnity: meaning, valid essentials, rights of indemnifier and indemnity holder. Contract of guarantee: Meaning, valid essentials, kinds of guarantee. Bailment-features and types of bailment and Agency-concept, types of agency.

 

12.00
Unit IV: 

The Companies Act 2013: Meaning, Classification, privileges given to independent private company, Incorporation, Memorandum of Association and its contents & Articles of association: features, contents, Doctrine of Ultra vires, Contents of articles of public limited company, position of directors

 

12.00
Unit V: 

Sale of Goods Act 1930, Consumer Protection Act 1986: Sale of Goods Act 1930: Sale and agreement to sell, rights of unpaid seller. Consumer Protection Act 1986: Objectives, Consumer protection councils, dispute redressal agencies, district forum, state commission, central commission, differences, rights of consumers.

 

Essential Readings: 
  1. Avtar Singh: Principle of Mercantile Law, Eastern Book Company.
  2. Dr. G. K. Kapoor & Sanjay Dhamija: Company Law and Practice-A comprehensive textbook on Companies Act 2013, latest edition, Taxmann.
  3. M.C.Kucchal,&Vivek Kucchal: Business Legislation for Management, Vikas Publishing House (P) Ltd.

 

References: 

Suggested Readings:

  1. Gulshan Kapoor: Business Law, New Age International Pvt Ltd Publishers.
  2. Maheshwari&Maheshwari: Principle of Mercantile Law, National Publishing Trust
  3. Rohini Aggarwal: Mercantile & Commercial Law, Taxmann.
  4. Singh, Nirmal, Business Laws, Deep & Deep Publications Pvt. Ltd., New Delhi

 

E-Resources:

  1. https://iisu.refread.com/#/resultOverview/20143754
  2. https://iisu.refread.com/#/resultOverview/20141342
  3. https://iipccl.org/?page_id=2388

 

Academic Year: 
2024-2025
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