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 –

  • 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):

Course

Learning outcomes

(at course level)

Learning and teaching strategies

Assessment

Strategies

Course Code

Course Title

CBBA 503

 

Legal Aspect of Business

CO 232: Understand the nature and scope of Indian Contact Act

CO 233: Learn the legal system related to business administration

CO 234: Impart basic knowledge of the Indian Contact Act and legislations System

CO 235: Discuss the vital elements of offer, agreement and contract.

CO 236: Explain the legal terminology in standard business environment.

CO 237: Develop an insight on the concepts and practices of agency relationships.

 

Class lectures

Seminars

Tutorials

Group discussions and Workshops

Question preparation, Seminar presentation, Group tasks

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 

 

 

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: 
Unit II

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, Creation & termination of Agency

12.00
Unit IV: 
The Companies Act 2013

The Companies Act 2013: Meaning, Classification, privileges given to independent private company , Incorporation, Memorandum of Association and its contents & Articles of association: features, contents, Doctrine of Ultra vires, 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.

References: 

• 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

E-RESOURCES:

• https://iisu.refread.com/#/resultOverview/20143754
• https://iisu.refread.com/#/resultOverview/20141342
• https://iipccl.org/?page_id=2388

JOURNALS:

• Stanford Journal of Law, Business & Finance
• IUP Journal of International Business Law
• Academic Journal of Business, Administration, Law and Social Sciences E-ISSN 2410-8693 / ISSN 2410-3918

Academic Year: 
2022-2023
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