DIBRUGARH UNIVERSITY AND ASSAM UNIVERSITY (B.Com CBCS)
COMMON SYLLABUS
Semester- II
CC 202: BUSINESS LAW (6 Credit)
Marks: 100 (Internal Assessment 20+ Term-end 80)
Lectures: 60 Tutorials: 5
Objective: The objective of the course is to impart basic knowledge of the important business legislation along with relevant case law.
Contents:
Unit I: The Indian Contract Act, 1872: General Principles of Contract 12 L+ 1 T Marks: 16
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
f) Quasi - contracts
Unit II: The Indian Contract Act, 1872: Specific Contracts 12 L+ 1 T Marks: 16
a) Contract of Indemnity and Guarantee
b) Contract of Bailment
c) Contract of Agency
Unit III: The Sale of GoodsAct, 1930 12 L + 1 T Marks: 16
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 anon-owner
d) Performance of contract of sale
e) Unpaid seller – meaning, rights of an unpaid seller against the goods and the buyer.
Unit IV: Partnership Laws 12 L + 1 T Marks: 16
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
f) 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
c) LLP Agreement,
d) Partners and Designated Partners
e) Incorporation Document
f) Incorporation by Registration
g) Partners and their Relationship
Unit V: The Negotiable InstrumentsAct1881 12 L+ 1 T Marks: 16
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
Suggested Readings:
a) M.C. Kuchhal, and Vivek Kuchhal, Business Law, Vikas Publishing House, NewDelhi.
b) Avtar Singh, Business Law, Eastern Book Company, Lucknow.
c) Ravinder Kumar, Legal Aspects of Business, Cengage Learning
d) SN Maheshwari and SK Maheshwari, Business Law, National Publishing House, NewDelhi.
e) Aggarwal S K, Business Law, Galgotia Publishers Company, NewDelhi.
f) Bhushan Kumar Goyal and Jain Kinneri, Business Laws, International Book House
g) Sushma Arora, Business Laws, Taxmann Pulications.
h) Akhileshwar Pathak, Legal Aspects of Business, McGraw Hill Education, 6thed.
i) P C Tulsian and Bharat Tulsian, Business Law, McGraw Hill Education
j) Sharma, J.P. and Sunaina Kanojia, Business Laws, Ane Books Pvt. Ltd., NewDelhi.
(Note: Latest edition of text books may be used.)
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