Thursday, May 21, 2020


B.Com: Semester II
Internal Assessment -30
Term End Exam - 70
Marks: 100
Lectures: 65

Objectives: The objective of the course is to impart basic knowledge of the important business legislation along with relevant case law.

Unit 1: The Indian Contract Act, 1872: General Principles of Contract
Lectures: 13 20
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 2: The Indian Contract Act, 1872: Specific Contracts         Lectures: 13       20
a) Contract of Indemnity and Guarantee
b) Contract of Bailment
c) Contract of Agency

Unit 3: The Sale of Goods Act, 1930         Lectures: 13             20
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             Lectures: 13                    20
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) Difference 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 5: The Negotiable Insurance Act 1881             Lectures: 13            20
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:
1. M.C. Kuchhal, and Vivek Kuchhal, Business Law, Vikas Publishing House, New Delhi
2. Avar Singh, Business Law, Eastern Book Company, Lucknow
3. Ravinder Kumar, Legal Aspects of Business, Cengage Learning
4. S.N. Maheswari and S.K. Maheswari, Business Law, National Publishing House, New Delhi
5. Aggarwal S K, Business Law, Galgotia Publishers Company, New Delhi
6. Bhushan Kumar Goyal and Jain Kinneri, Business Laws, International Book House
7. Sushma Aroa, Business Laws, Taxmann Publications.
8. Akhileshwar Pathak, Legal Aspects of Business, McGraw Hill Education, 6th ed.
9. P C Tulsian and Bharat Tulsian, Business Law, McGraw Hill Education
10. Sharma, J.P. and Sunaina Kanojia, Business Laws, Ane Books Pvt. Ltv., New Delhi
Note: Latest edition of text books may be used.

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