Business Laws

•    Introduction to Contract: Meaning of contract, important definitions (Sec.2a to Sec. 2j), valid essentials of contract, difference in agreement and contract
•    Classification of Contracts
•    Proposal and Acceptance: Meaning of proposal, types, and legal rules as to the      offer. Acceptance: legal rules, communication of offer and acceptance, revocation of acceptance
 

•    Performance of contract: meaning, modes of performance, essentials of a valid tender, time as essence of contract, person entitled to demand performance, time, place and manner of performance, appropriation of payments.
•    Discharge of contract: meaning and modes of discharge of contract, types of breach of contract.
•    Remedies for breach of contract: suit for rescission of contract, suit for damages, suit for quantum merits, suit for specific performance,

Sale of Goods Act, 1930: contract of sale of goods: meaning, essentials, difference between sale and agreement to sell, hire purchase concept, classification of goods.
 Condition & warranty: meaning, difference, types, Doctrine of caveat emptor.
 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.
 

Companies Act 1956: Meaning of company, Basic features, Kinds of companies, Promotion and Incorporation, Privileges given to an independent private company.
 Case study, Project work, Student’s presentation