Legal Aspects of Business

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.

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.

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 redressalagencies , district forum, state commission, central commission, differences, rights of consumers.