This course will enable the students to –
1. Create understanding of legal system related to business administration.
2. Disseminate knowledge among students about the authorities and bodies involved in the legal system in India.
Course Outcomes (COs):
|
Course |
Learning outcomes (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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|
Paper Code |
Paper Title |
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CBBA 503 |
Legal Aspect of Business |
CO 190: Understand the nature and scope of Indian Contact Act CO 191: Learn the legal system related to business administration CO 192: Impart basic knowledge of the Indian Contact Act and legislations System CO 193: Discuss the vital elements of offer, agreement and contract. CO 194: Explain the legal terminology in standard business environment. CO 195: Develop an insight on the concepts and practices of agency relationships.
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Approach in teaching: Interactive Hours using whiteboards, Questioning & Group Discussion, Case Studies, Frequent or unannounced quizzes. Learning activities for the students: Self learning assignments, Effective questions, presentation, Solving problems with description of important cases of business law |
Class test, Semester end examinations, Quiz, Case Study , Assignments, Class interaction |
The Indian Contract Act 1872: Meaning and Essentials of contract; Kinds of contract-Based on: validity, formation & performance, law relating to offer and acceptance & characteristics of consideration,
Competency to contract, free consent, Void agreements, performance of contracts: meaning, modes of performance, persons entitled to demand performance, discharge of contracts, breach of contracts.
Special contracts: contract of indemnity: meaning, valid essentials, rights of indemnifier and indemnity holder. Contract of guarantee: Meaning, valid essentials, kinds of guarantee. Bailment-features and types of bailment and Agency-concept, types of agency.
The Companies Act 2013:Meaning, types, Incorporation, Memorandum & Articles of association, privileges given to independent private company, Memorandum of Association and its contents. Doctrine of Ultra vires, Articles of associations: features, contents of articles of public limited company ,position of directors
Sale of Goods Act 1930, Consumer Protection Act 1986: Sale of Goods Act 1930: Sale and agreement to sell, rights of unpaid seller. Consumer Protection Act 1986: Objectives, Consumer protection councils, dispute redressal agencies , district forum, state commission, central commission, differences, rights of consumers.
• M.C.Kucchal,& Vivek Kucchal: Business Legislation for Management, Vikas
• Publishing House (P) Ltd.
• Dr. G. K. Kapoor & Sanjay Dhamija: Company Law and Practice-A comprehensive
• textbook on Companies Act 2013, latest edition, Taxmann.
• Avtar Singh: Principle of Mercantile Law, Eastern Book Company.
• Gulshan Kapoor: Business Law, New Age International Pvt Ltd Publishers.
• Maheshwari & Maheshwari: Principle of Mercantile Law, National Publishing Trust
• Rohini Aggarwal: Mercantile & Commercial Law, Taxmann.
• Singh, Nirmal, Business Laws, Deep & Deep Publications Pvt. Ltd., New Delhi
Links:
[1] https://www.management.iisuniv.ac.in/courses/subjects/legal-aspects-business-4
[2] https://www.management.iisuniv.ac.in/academic-year/2021-2022-0