Maximum Marks: 100
Semester Examination: 70
Internal Assessment: 30
Contents:
UNIT–I:
Contract Act, 1872: definition, concept of contract, valid contract and its essential elements, criteria for classification for contract, quasi contract, various forms of quasi contracts, discharge of contract: various; remedies for breach of contract.
UNIT–II:
Sale of Goods Act, 1930: introduction, contract of sale, agreement to sell, documents of title, conditions and warranties, doctrine of caveat emptor: transfer of property: significance of transfer of ownership, rules; performance: delivery of goods by seller, acceptance of delivery by buyer; remedies for breach: Rights of Unpaid-sellers.
UNIT–III:
Negotiable Instruments Act, 1881: definition and characteristics, promissory notes, bills of exchange, and cheques, parties to negotiable instruments; Methods of negotiation of instrument, endorsement and delivery of a negotiable instrument, negotiation by unauthorized parties, negotiation of dishonored and overdue instruments; banker and customer: introduction, crossing of a cheques, obligations of a banker, protection granted to bankers, obligations of a customer, bouncing of cheques
UNIT–IV:
Consumer Protection Act, 1986: definition of consumer, goods and defect, services and deficiency, consumer forums, procedure to approach consumer forumsCompanies Act, 1956: definition of a company, formation of company, memorandum and articles of associations of a company, types of companies, management of companies: directors and meetings; winding up of companies
Suggested Readings:
1) Kuchhal MC – Business Law (Vikas), 2nd ed
2) N.D.Kapoor, Elements of mercantile law – Sultan chand and company, New Delhi
3) Tlsian- Business Law (Tata McGraw-Hill, 2nd edition)
4) Kuchhal- Mercantile Law (Vikas), 1998, 4th ed.
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