Coming soon
Legal Aspects of Business
Course Objectives:
- To Understand the nature and scope of Indian Contact Act
- To impart understanding of legal system related to business administration
- To impart basic knowledge of the Indian Contact Act and legislations System
- To discuss the vital elements of offer, agreement and contract.
- To familiarize the legal terminology in standard business environment
- Create understanding of legal system related to business administration.
- Disseminate knowledge among students about the authorities and bodies involved in the legal system in India.
Course Outcomes (COs):
|
Learning outcomes (at course level) |
Learning and teaching strategies |
Assessment Strategies |
|
|
CO 130: To Understand the nature and scope of Indian Contact Act CO 131: To impart understanding of legal system related to business administration CO 132: To impart basic knowledge of the Indian Contact Act and legislations System CO 133: To discuss the vital elements of offer, agreement and contract. CO 134: To familiarize the legal terminology in standard business environment. CO 135: To develop an insight on the concepts and practices of agency relationships. CO 136: To disseminate knowledge among students about the authorities and bodies involved in enforcing Consumer Protection Act in India.
CO137: Strengthening the foundations of the analytical approach to Managerial decision-making through legal Case study. |
Approach in teaching:
Interactive Hours using whiteboards, Questioning & Group 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
|
Class test, Semester end examinations, 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,
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 and types, Incorporation, privileges given to independent private company ,Memorandum of association and its contents , Doctrine of Ultra Vires ,Articles of association : features, contents of articles of public limited company, Position of directors.
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.
1. M.C.Kucchal,&VivekKucchal: Business Legislation for Management, Vikas
Publishing House (P) Ltd.
2. Dr. G. K. Kapoor & Sanjay Dhamija: Company Law and Practice-A comprehensive
textbook on Companies Act 2013, latest edition, Taxmann.
3. Avtar Singh: Principle of Mercantile Law, Eastern Book Company.
4. Gulshan Kapoor: Business Law, New Age International Pvt Ltd Publishers.
5. Maheshwari&Maheshwari: Principle of Mercantile Law, National Publishing Trust
6. Rohini Aggarwal: Mercantile & Commercial Law, Taxmann.
7. Singh, Nirmal, Business Laws, Deep & Deep Publications Pvt. Ltd., New Delhi
