Course code Business Law L T P J C

BMT1011 3 0 0 0 3
Pre-requisite Nil Syllabus version

Course Objectives:
To provide the students with practical legal knowledge of general business law issues.
Expected Course Outcome:
Students should demonstrate the legal issues in the business practices according to the
situation of changing environment.
Student Learning Outcomes (SLO):
1. The student will learn the basics of mercantile law
2. The students will acquire knowledge on Indian Contracts Act.
3. The student will understand the advantages of Partnership and Limited Partnership in
Indian business Environment.
4. The student will understand the Consumer Protection Act role in maintaining consumerism
in India
5. The student will understand the types of transactions covered under contract of sale.
6. The student will acquire knowledge on Management, administration and the regulation of
companies
7. The student will learn the important aspects of International business transactions
8. The student will learn Analytical application of legal framework in a business context
through case laws.
Module:1 Introduction& General Contract 7 hours SLO: 1,2,6
Concept of Law – History on the Development of Mercantile Law in India-Sources
of Mercantile Law-s-Agreement and Enforceability-Definition and meaning of
contract-Classification of contracts-Essential elements of a valid contract-
performance of contract. Discharge of contract – Modes of discharge – breach of
contract – remedies of breach of contract
Module:2 Special Contracts 4 hours SLO: 1,2,6
Contract of Indemnity and Guarantee Definitions - Distinction - Rights and
Liabilities of Surety- Discharge of surety.
Module:3 Special Contracts 4 hours SLO: 1,2,6
Bailment contracts - Definition - Essentials Rights and Duties of Bailor and
Bailee - finder of lost goods - discharge of Bailment contracts – Pledge – Pawnor
and pawnee- Agency Contracts
Module:4 The Sale of Goods Act, 1930 5 hours SLO: 5,6
Essentials of a contract of sales - sale distinguished from agreement to sell - Conditions and
Warranties – Caveat emptor – NemoDat quod non habet& its exceptions– Unpaid seller: rights
and duties.
Module:5 Consumer Protection Act , 1986 5 hours SLO: 4,6
Definitions - Aims and objectives - Consumer protection councils - consumer Disputes - Redressal
agencies at various levels - District Forum - State commission - National Commission - penalties
for violation.
Module:6 Partnership and Limited Liability 5 hours SLO: 3,6
Partnership
Essentials of a valid Partnership – Duties &Rights of Partners – Registration of firms and effects
 of non-registration - Doctrine of Implied Authority – Modes of dissolution- Differences between
Partnership Act and Limited Liability Partnership Act
Module:7 Companies Act 8 hours SLO: 6,8
Definition, Meaning and Features of a Company. - Promotion and Procedure for incorporation of a
company. - Classification of Companies. - Conversion of Private Company into Public and Public
Company to Private. - Share Capital and Classification of Shares. –Company directors-company
meetings and resolutions- Winding Up of a Company.
Module:8 Contemporary issues: International Business 7 hours SLO: 7,8
transactions
International trade, International legal regulation and conflict of laws-Alternative dispute
resolution mechanisms-Introduction to the UN Convention on Contracts for the International Sale
of Goods and ICC incoterms-Transportation and payment of international business transactions
Total Lecture hours: 45 Hours

Text Book(s)
1. N D Kapoor’s (2013), Business Laws, Sultan Chand Publications, New Delhi.
Reference Books
1. N. D. Jain (2012), Corporate Laws: Administration and Management, Deep and Deep
Publications
Private Ltd
2 S SGulshan and G K Kapoor (2013), Business Law including Company Law, New Age
International Publishers.
3 Aswathappa, K.(2012),International Business, 5th Ed., TMH, New Delhi
Mode of Evaluation : Theory CAT examinations; Term End Examinations; Quiz;
Group Discussion and Case Study Analysis
Specific Assessment Methods % Weighting Intended subject learning outcomes to be
assessed (Please tick as appropriate)
1 2 3 4 5 6
Continuous Assessment 60
(i) CAT I 15 √ √ √
(ii) CAT II 15 √ √ √
(iii) Digital Assignment 30 √ √ √
Final Assessment Test 40 √ √ √ √ √ √
Total
100
Recommended by Board of Studies 05-08-2017
Approved by Academic Council No. 47 Date 05.10.2017