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 BUSINESS LAW

UNIT – I
The Indian contract Act, 1872: Contracts, meaning, essential elements, nature of
contracts - Performance of contract. Discharge of contracts – Remedies for
breach of contracts – Quasi contracts – contracts of Indemnity and guarantee –
Bailment and Pledge – Law of Agency.
UNIT – II
The Sale of Goods Act, 1930 – contract of sale, essentials: Duties of buyers and
sellers – Conditions and Warranties: Transfer of property- Performance of the
contract of sale – Rights of an unpaid seller.
UNIT – III
The Negotiable Instrument Act, 1881: Negotiable instruments, parties to a
negotiable instrument, material alteration.
The Indian Partnership Act, 1932: meaning and test of partnership; registration
of firms; relations of partners; rights and duties; dissolution of partnership.
UNIT – IV
Law of Insurance: Contract of insurance; fundamental of principles; life
insurance; fire insurance and marine insurance.
UNIT –V
The Companies Act, 1956; definition of a company, characteristics, kinds,
incorporation of a company; Memorandum and Articles of association;
Prospectus, Directors, Appointment, Powers and duties, Company meetings,
Resolutions and Minutes.