Legal Aspects of Business

Paper Code: 
CBBA 503
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to –

1. Create understanding of legal system related to business administration.

2. Disseminate knowledge among students about the authorities and bodies involved in the legal system in India.

Course Outcomes (COs):

Course

Learning outcomes

(at course level)

Learning and teaching strategies

Assessment

Strategies

Paper Code

Paper Title

CBBA 503

Legal Aspect of Business

CO 190: Understand the nature and scope of Indian Contact Act

CO 191: Learn the legal system related to business administration

CO 192: Impart basic knowledge of the Indian Contact Act and legislations System

CO 193: Discuss the vital elements of offer, agreement and contract.

CO 194: Explain the legal terminology in standard business environment.

CO 195: Develop an insight on the concepts and practices of agency relationships.

 

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

 

12.00
Unit I: 
The Indian Contract Act 1872:

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,

12.00
Unit II: 
Competency to contract

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.

12.00
Unit III: 
Special 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.

12.00
Unit IV: 
The Companies Act 2013:

The Companies Act 2013:Meaning, types, Incorporation, Memorandum & Articles of association, privileges given to independent private company, Memorandum of Association and its contents. Doctrine of Ultra vires, Articles of associations: features, contents of articles of public limited company ,position of directors

12.00
Unit V: 
Sale of Goods Act 1930, Consumer Protection Act 1986

Sale of Goods Act 1930, Consumer Protection Act 1986: 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.

Essential Readings: 

• M.C.Kucchal,& Vivek Kucchal: Business Legislation for Management, Vikas
• Publishing House (P) Ltd.
• Dr. G. K. Kapoor & Sanjay Dhamija: Company Law and Practice-A comprehensive
• textbook on Companies Act 2013, latest edition, Taxmann.
• Avtar Singh: Principle of Mercantile Law, Eastern Book Company.
• Gulshan Kapoor: Business Law, New Age International Pvt Ltd Publishers.
• Maheshwari & Maheshwari: Principle of Mercantile Law, National Publishing Trust
• Rohini Aggarwal: Mercantile & Commercial Law, Taxmann.
• Singh, Nirmal, Business Laws, Deep & Deep Publications Pvt. Ltd., New Delhi

Academic Year: 
2021-2022
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