Business Law

Specific Contracts:
Bailment: meaning, valid essentials, modes of delivery of goods, classification of bailment, duties and rights of bailor and bailee, finder of goods lost, termination of bailment, lien: meaning and types.

Specific Contracts:
Contract of Agency: meaning, essentials, creation and termination of agency, who may be an agent and principal, duties and rights of agent and principal, sub-agent, substituted agent, personal liability of agent.

Sale of Goods Act, 1930: contract of sale of goods: meaning, essentials, difference between sale and agreement to sell, classification of goods, effects of destruction of specific goods.
Transfer of property in goods: rules, transfer of ownership by non-owners.
Performance of contract: meaning, rules relating to delivery of goods, duties and rights of buyer.
Unpaid seller: meaning, rights-against the goods and against the buyer.
Remedies for breach of contract: buyer’s remedy and auction sale.

Consumer Protection Act, 1986:
Objectives, important terms, rights of consumer.
Consumer protection councils, dispute redressal agencies: district forum, state commission, central commission, differences.

Company’s Act 1956: Meaning of company, basic features, kinds of companies, promotion and incorporation, privileges given to an independent private company.