BUSINESS LAWS(MGT158)
1.Law of Contract: Definition and nature of a contract, Offer and Acceptance, Consideration, free consent, and capacity of parties. Performance and discharge of contract. Remedies for breach of contract.
2. Spl. Contracts: Bailment & Pledge, Indemnity & Guarantee including Rights & duties.
3.Concept of Agency and its creation and termination.
4. Law of Partnership: Definition and nature of partnership, rights and duties of a partner. Dissolution of a partnership.
5.Law of Sale of Goods: Definition of Sales, essentials for contract of sale. Meaning of conditions and warranties. Implied conditions and warranties, Caveat Emptor. Rights of Unpaid seller and other remedial measures.
6.Negotiable Instruments Act 1881: Definition of negotiable instrument, Promissory note, bill of exchange and cheques. Parties to negotiable instruments, discharge of parties from liability.
Dishonour of a negotiable instrument – liabilities of a banker and drawer for dishonour of a cheque & Hundies.
7.Consumer Protection Act
8.Patents Act 1957, Implications of WTO for patent laws in India
Textbook:
Tulsian, P.C.,Business laws, Tata McGraw Hill
Additional Readings:
1. Chapter 15-20 , sales of Goods Act, Bansal, C.L, Corporate and Business laws, Excel Books
2. B.K. Goyal, S.P. Iyengar, Business Law, R. Chand & Co.
3. Gulshan S. S, Business Laws, Excel Books