AKTU Business Law (BMBAI401) Syllabus PDF – MBA (Integrated) 4th Semester

Course Objectives

1. To define, describe, and explain the fundamental concepts of the Indian Contract Act including offer, acceptance, consideration, capacity, free consent, legality, and remedies for breach.
2. To identify, differentiate, and evaluate the legal provisions related to special contracts such as indemnity, guarantee, bailment, pledge, and agency.
3. To analyze, compare, and illustrate the legal aspects of the Sale of Goods Act including types of goods, implied conditions, transfer of ownership, and rights of unpaid sellers.
4. To interpret, relate, and justify the rights, duties, and liabilities of partners under the Partnership Act, including types of partners and the process of dissolution.
5. To apply, solve, and construct case-based legal scenarios to enhance critical thinking in contract law, special agreements, and commercial law through exercises and simulations.

Unit- I (Hours 10)

Indian Contract Act 1872 – Contract - Definition & Concept; Agreement - Offer & Acceptance;

Consideration and Legality; Capacity of Parties to the Contact; Free Consent - Coercion, Undue Influence, Fraud, Misrepresentation, Mistake - Bilateral and Unilateral; Void Agreements - Agreements in Restraint of Marriage, Agreement in Restraint of Trade, Uncertain Agreements, Agreements in Restraint of Legal Proceedings, Wagering and Contingent Agreements and Contracts; Quasi Contracts; Performance and Discharge of Contracts; Breach of Contracts and Remedies.

Unit -II (Hours 08)

Special Contracts Indemnity and Guarantee - Meaning, Nature and Features, Types of Guarantee, Provisions related to different types of Guarantee, Surety and Co-surety - Rights and Liabilities, Discharge of Surety.

Unit -III (Hours 08)

Bailment and Pledge: Rights and Duties of Bailor and Bailee, Termination of Bailment; Agency:

Creation of Agency, Classification of Agents, Relationship between Principal and Agent, Rights, Duties and Liabilities of Agent and Principal, Termination of Agency.

Unit –IV (Hours 06) Contract of Sale of Goods: The Sale of Goods Act 1930- Introduction, Contract of Sale, Sale and Agreement to Sale, Kinds of Goods, Conditions and Warranties - Implied Conditions and Warranties, Doctrine of ‘Caveat Emptor’, Transfer of Property, Delivery of Goods, Duties of the Seller and the Buyer, Unpaid Seller’s Remedies,

Unit-V (Hours 08)

Partnership - Law of partnership: Definition, essentials of partnership, registration of partnership, kinds of partners, rights, liabilities of partners, dissolution of partnership.

Reference Books

1. Kapoor N. D., “Elements of Mercantile Law by Mercantile Law”, Sultan Chand and Sons.
2. Kuchhal M. C., “Business Law”, Vikas Publishing House Pvt. Ltd.
3. Agarwal Rohini, “Mercantile & Commercial Laws”, Taxman Allied Services Pvt. Ltd.
4. Gulshan S.S., “Business Law”, Excel Books New Delhi.
5. Pathak Akhileshwar, “Legal Aspects of Business”, Tata McGraw Hill.
6. Tulsian P.C., “Business Law”, S. Chand & Company Course Outcome: After successful completion of this course, students will be able to: Course Outcomes Based on Bloom’s Taxonomy

Course Outcomes