Third Semester B.com - Business Regulations(BCM3 B03)
Aim of the Course
- To familiarize the students with certain statutes concerning and affecting business organizations in their operations
Objectives of the Course
- To provide students with a thorough understanding of the fundamental principles and concepts of business law
- To familiarize students with the statutory and regulatory frameworks governing business operations in India, with a special focus on Indian Contract Act, Sale of Goods Act, Competition Act, and the Limited Liability Partnership Act.
Semester Period - 05/06/2024-30/10/2024
Total No.of hours - 64
No.of Credit - 4
Course Evaluation - Internal-20 , External -80
Modules engaged by faculty - 1,2,5
Syllabus
Module I
Business Laws: Introduction Nature of Business Law Meaning and definition -Indian Contract Act, 1872: Contract Definition Essentials of valid contracts Classification of contracts Offer and acceptance Consideration Capacity to contract Free consent Coercion Undue influence Misrepresentation Fraud Mistake Void agreements Discharge of contract Breach of contract and remedies Contingent contracts -Quasi contracts. (20 Hours, 30 marks)
Module II
Special Contracts: Contract of Indemnity: Meaning Nature Right of indemnity holder and indemnifier Contract of Guarantee: Meaning Nature Rights and liabilities of surety- Discharge of surety from liability Contract of Bailment and Pledge: Rights and duties of bailor and bailee, pledger and pledgee - Contract of Agency-Creation of agency - Delegation of authority-Duties and liabilities of principal and agent -Termination of agency.
Module V
The limited liability partnership Act 2008-Salient features - Distinction with partnership and company - LLP agreement-partners and designated partners incorporation document -Extent and limitation of liability of LLP and partners. (7 Hours, 10 marks)
- Teacher: Rinsha A M