Legal Aspects of Business

The Indian Contract Act 1872: Meaning and Essentials of contract; Kinds of contract-Based on: validity, formation & performance, law relating to offer and acceptance & consideration, competency to contract, free consent, Void agreements, performance of contracts, discharge of contracts, breach of contracts.

Special contracts: contract of indemnity and guarantee, bailment-features and types of bailment and pledge, and agency-concept and types of agency.

Sale of Goods Act 1930: Sale and agreement to sell, implied conditions and warranties, sale by non-owners, rights of unpaid seller.
Negotiable Instruments Act 1881:
Meaning of negotiable instruments, type of negotiable instruments, promissory note, bill of exchange, cheque

The Companies Act 2013:
Meaning and types, Incorporation, Memorandum & Articles of association, Features of Prospectus, Issue of shares and bonus shares, rights issue, sweat equity, role of Directors.
The Limited Liability Partnership Act 2008:
Meaning and nature of limited partnership, formation, partners & their relations, extent and limitation of liability

Consumer Protection Act 1986:
Objectives and machinery for consumer protection, rights of consumers.
The Right to Information Act 2005:
Salient features and coverage of the act, definition of terms information, right, record, public authority; obligations of public authorities and functions of PIO.