Business Law Syllabus

CIT: Business Law☺️

Course Contents:

Unit 1: The Indian Contract Act, 1872: General Principle of Law of Contract
a) Contract - meaning, characteristics and kinds
b) Essentials of a valid contract - Offer and acceptance, consideration, contractual capacity
free consent, legality of objects.
c) Void agreements
d) Discharge of a contract modes of discharge, breach and remedies against breach of
contract
e) Contingent contracts
Quasi contracts

Unit 2: The Indian Contract Act, 1872: Specific Contract

a) Contract of Indemnity and Guarantee
b) Contract of Bailment
c) Contract of Agency

Unit 3: The Sale of Goods Act, 1930
a) Contract of sale, meaning and difference between sale and agreement to sell
b) Conditions and warranties
c) Transfer of ownership in goods including sale by a non-owner
d) Performance of contract of sale
e) Unpaid seller - meaning, rights of an unpaid seller against the goods and the buyer

Unit 4: Partnership Laws
A) The Partnership Act, 1932
a. Nature and Characteristics of Partnership
b. Registration of a Partnership Firms
c. Types of Partners
d. Rights and Duties of Partners
e. Implied Authority of a Partner
Incoming and outgoing Partners
g. Mode of Dissolution of Partnership

B) The Limited Liability Partnership Act, 2008
a) Salient Features of LLP
b) Differences between LLP and Partnership, LLP and Company
e) LLP Agreement,
d) Partners and Designated Partners
e) Incorporation Document
Incorporation by Registration
g) Partners and their Relationship

Unit 5: The Negotiable Instruments Act 1881
a) Meaning, Characteristics, and Types of Negotiable Instruments : Promissory Note
Bill of Exchange, Cheque
b) Holder and Holder in Due Course, Privileges of Holder in Due Course
c) Negotiation: Types of Endorsements
d) Crossing of Cheque
e) Bouncing of Cheque