MBA 1st Semester Paper : Legal Aspects Of Business
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| Legal Aspects Of Business |
Unit 1: Law of Contract: Definition,
Essentials and types of Contract, Offer , Acceptance and Consideration-definition
and essentials; Exception to the rule ‘no consideration, no contract,’ Doctrine
of Privity of Contract, Capacity of Parties, Free consent, Quasi contract,
Legality of object, Contract -Performance, Termination, Breach and Remedies.
Unit 2: Law of Agency: Essentials,
kinds of Agents, Rights and duties of Agents and Principles, Creation of
Agency, Termination of Agency; Bailment and Pledge-Bailment, Definition,
Essential Elements, Rights and Duties of Bailor and Bailee; Pledge-Essentials,
Rights and Duties of Pledger and Pledgee
Unit 3: Negotiable Instruments Act 1881,
Nature, Characteristics and Kinds ,
Parties to Negotiable Instruments, Negotiations, Presentment, Discharge
and Dishonour of Negotiable Instrument.
Unit 4: Sales of Goods Act, 1930:
Definition of Sales, Sales Vs Agreement to Sale, Goods, Price and Time, Condition and Warranties,
Express and Implied Conditions, “Doctrine of Caveat Emptor”, Right of Unpaid
Seller.
Unit 5: Law of Partnership 1932: Definition, Essentials of
Partnership, Formation of Partnership , Kinds of Partners, Authorities, Rights
and Liabilities of Partners, Registration of Partners, Dissolution of
Partnership Firm, The Limited Liability Partnership Act, 2008: Concept and
Nature.
Unit 6: Companies Act 1956: Definition,
Characteristics and Kinds of Companies, Steps in Formation of Company,
Memorandum of Association, Articles of association and Prospectus, Directors:
Appointment, Power, Duties and Liabilities , Meeting & Resolutions: Types
of Meetings, Modes of Winding up of a Company.
Unit 7: Consumer Protection Act 1986:
Objectives, Definition, Consumer Forums under the CPA, their Jurisdiction,
Power & Functions, Intellectual Property Right: Meaning, Objectives and
Scope, An Overview of IPR Legislation in India.
