Legal Aspects of Business

Topics: Contract, Negotiable instrument, Promissory note Pages: 3 (378 words) Published: April 4, 2014
BUSINESS LAW

Course Code: MGBLW 10201Credit Units: 03

No. of hours : 33

Course Objective:
The objective of the course is to acquaint the management students with the basic fundamentals of business related laws and to understand its linkages with other fields of management which have significant bearing on business organization

Course Contents:

Module I: Companies Act, 1956 Meaning, definition and characteristics of company
Type of companies and features of various types of companies Incorporation of companies
Memorandum and articles of Association
Prospectus and commencement of Business'
Transfer and transmission of shares
Share warrant and share certificate
Membership of companies
meetings;
Directors appointment, powers, duties and liabilities,Accounts and Audit Winding up of companies.
Cases:
Salomon v Salomon Ltd
Macaura v Northern assurance Co. Ltd.
The ashbury Railway carriage & Iron Co. v Riche
Royal British Bank v Turquant
A. V Mohan rao and another v M Kishan Rao, 2002 AIR(SC)2653

Module II: Contract Act, 1872 Essentials of valid contract
Offer and acceptance
Consideration, Capacity to contract
Free consent, discharge of contract
Breach of contract; remedy of breach of contract.

Module III: Sales of Goods Act 1930 Formation of contract of sales
Difference between sale and Agreement to sell, hire purchase,bailment Bail agreement
Conditions and warranties
Rule of Caveat Emptor
Rights of unpaid seller.

Module IV: Information Technology Act 2000 Technical terms, Electronic Governance attribution and acknowledgement of electronic records, certifying authorities

Module V: Consumer Protection Act 1986...

References: Maheshwari and Maheshwari-Business Law, Sultan Chand
Kuchal M.C. Company Law, Sultan Chand
Pagare Dinkar -Mercantile Law, Sultan Chand
Shukla M.C. -Mercantile Law Sultan Chand
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