CONTENT 

Unit-I : Indian Contract Act, 1872

1. Business (Mercantile) Law : An Introduction, 2. Indian Contract Act, 1872 : An Introduction, 3. Contract : Meaning, Definition and Characteristics of a Valid Contract, 4. Agreement : Meaning, Kinds and Difference, 5. Proposal (Offer), Acceptance Communication and Revocation, 6. Capacity of Parties to Contract or Parties Competency to Contract, 7. Free Consent, 8. Lawful Consideration and Objects, 9. Agreements Expressly Declared as Void, 10. Contingent Contracts, 11. Performance of Contracts and Appropriation of Payments, 12. Discharge of Contracts, 13. Quasi or Implied Contracts of Certain Relations Resembling those Created by Contracts (Sections 68 to 72), 14. Remedies for Breach of Contract, 15. Contract of Indemnity and Guarantee, 16. Contract of Bailment and Pledge, 17. Contracts of Agency

Unit-II : The Sale of Goods Act, 1930

18. The Sale of Goods Act, 1930 : An Introduction, 19. Conditions and Warranties, 20. Effects of the Contract of Sale—Transfer of Ownership and Title, 21. Performance of Contract of Sale, 22. Remedial Measures and Auction Sale.

 Unit-III : (A) The Negotiable Instruments Act, 1881

1. Negotiable Instruments Act, 1881 : Introduction, 2. Parties to a Negotiable Instruments, 3. Negotiation, 4. Presentment and Dishonour of Negotiable Instruments, 5. Discharge of Negotiable Instruments, 6. Hundis, 7. Banker and Customer

 (B) The Consumer Protection Act, 1986

1. The Consumer Protection Act., 1986

Unit-IV : Indian Companies Act, 2013

1. Company—An Introduction, 2. Company Law—Its History and Administration, 3. Kinds of Companies, 4. Formation and Incorporation of a Company, 5. Memorandum of Association, 6. Articles of Association, 7. Prospectus, 8. Share and Share Capital, 9. Annual General Meeting.

Unit-V(A) Indian Partnership Act, 1932

1. An Introduction to Indian Partnership Act, 1932 [Section 1—8], 2. Partnership Deed or Mutual Relations of Partners [Sections 9—17], 3. Rights and Duties of Partners and Relation to Third Parties[Sections 18—29], 4. Kinds of Partners [Sections 31—38], 5. Dissolution of a Firm [Sections 39—55], 6. Registration of Partnership [Sections 56—72]

(B) The Limited Liability Partnership Act, 2008

 1. The Limited Liability Partnership Act, 2008 : An Overview

SYLLABUS

 Business Regulatory Framework

Unit-I : Contract Act, 1872 Concept and Essentials of Contract, Classification of Contract Offer and Acceptance Capacity of Parties Consideration, Free Consent, Legality of Objects, Void Agreements, Discharge of Contracts, Indemnity and Guarantee, Contract of Bailment, Pledge, Agency.

 Unit-II : Sale of Goods Act, 1930 Contract of Sale, Meaning and Difference between Sale and Agreement to Sell, Conditions and Warranties, Transfer of Property and Goods, Unpaid Seller and His Rights.

 Unit-III : Negotiable Instrument Act, 1881, Concept and Features of Negotiable Instrument, Promissory Note, Bills of Exchange and Cheque, Holder and Holder in Due Course, Dishonour and Discharge of  Negotiable Instrument.

Consumer Protection Act, 1986, Salient Features, Definition of Consumer, Grievance Redressal Machinery.

 Unit-IV : Indian Companies Act, 1956 (As Amended till Date) Concept of Company, Formation of Company, Prospectus of Company. Share and Share Capital, Meeting of Company.

 Unit-V  : Formation of Partnership Firm.

Limited Liability Partnership Act, 2008, Salient Features of LLP Difference between LLP and Partnership, LLP and Company. LLP Agreement, Nature of LLP, Partners and Designated Partners, Registration Process of LLP, Conversion to LLP, Winding up and Dissolution.