MBA 1st Semester Paper : Legal Aspects Of Business
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, Cond...