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.
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Course |
Learning outcomes (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course Title |
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24CBTM502 |
Legal Aspects of Business (Theory)
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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 |
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.
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.
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.
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
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.
Suggested Readings:
E-Resources:
Links:
[1] https://tourism.iisuniv.ac.in/courses/subjects/legal-aspects-business-theory
[2] https://iisu.refread.com/#/resultOverview/20143754
[3] https://iisu.refread.com/#/resultOverview/20141342
[4] https://iipccl.org/?page_id=2388
[5] https://tourism.iisuniv.ac.in/academic-year/2024-2025