We have great pleasure in presenting First edition “Business Law” written for students of UG courses. The related matters are written in a simple and easily understandable.
This volume is an attempt to provide the students with thorough understanding of Business Law. We have presented the subject matter in a systematic manner with liberal use of charts and diagrams where ever necessary so as to make it interesting and sustain students’ interest.
Contents –
Unit – 1 Indian Contract Act, 1872
Learning Objectives
Introduction
Meaning and Nature of Contract
Essential Elements of a Valid Contract
Offer and Acceptance
Consideration
Capacity to Contract
Free Consent
Legality of Object and Consideration
Void Agreements
Contingent Contracts
Performance of Contract
Discharge of Contract
Breach of Contract and Remedies
Key Words
Review Questions
Unit – 2 Sale of Goods Act, 1930
Learning Objectives
Introduction
Meaning and Nature of Contract of Sale
Essential Elements of Contract of Sale
Sale and Agreement to Sell
Sale and Hire-Purchase Agreement
Conditions and Warranties
Implied Conditions and Warranties
Doctrine of Caveat Emptor
Transfer of Ownership in Goods
Transfer of Title by Non-Owner
Performance of Contract of Sale
Delivery of Goods
Rules Regarding Delivery
Unpaid Seller
Rights of Unpaid Seller
Rights of Unpaid Seller Against Goods
Rights of Unpaid Seller Against Buyer
Auction Sale
Remedies for Breach of Contract
Important Legal Terms
Review Questions
Unit – 3 Indian Partnership Act, 1932
Learning Objectives
Introduction
Meaning and Nature of Partnership
Essential Elements and Features of Partnership
Partnership Deed
Contents and Importance of Partnership Deed
Types of Partnership
Meaning, Rights, Duties and Liabilities of Partners
Kinds of Partners
Minor Admitted to Benefits of Partnership
Rights and Liabilities of Minor
Doctrine of Mutual Agency
Admission of a New Partner
Retirement of a Partner
Registration of Partnership Firm
Effects of Non-Registration
Dissolution of Firm
Modes of Dissolution
Dissolution by Court and Its Grounds
Legal Implications of Partnership in Business
Key Words
Review Questions
Unit – 4 Consumer Protection Act, 2019
Learning Objectives
Introduction
Objectives and Scope of the Act
Meaning and Definition of Consumer
Rights of Consumers
Consumer Disputes
Consumer Protection Councils
Central Consumer Protection Authority (CCPA)
Consumer Dispute Redressal Commissions
District, State and National Commissions
Consumer Complaints and Filing Procedure
Grounds for Filing a Consumer Complaint
Misleading Advertisements
E-Commerce and Consumer Protection
Key Words
Review Questions
Unit – 5 Competition Law
Learning Objectives
Introduction
Objectives of Competition Law
Competition Act, 2002
Scope and Applicability of the Act
Meaning of Competition and Relevant Market
Competition Commission of India (CCI)
Powers and Functions of CCI
Duties of CCI
Investigation and Inquiry
Penalties and Remedies
Role of Director General
Appeals and Competition Appellate Mechanism
Key Words
Review Questions
Unit – 6 Information Technology Act, 2000 and Cyber Law
Learning Objectives
Introduction
Objectives and Scope of the IT Act, 2000
Important Definitions under the IT Act
Digital Signature and Electronic Signature
Electronic Records and Electronic Contracts
Cyber Law – Meaning and Scope
Types of Cyber Crimes
Prevention and Control of Cyber Crimes
Cyber Security and Safe Online Practices
Jurisdiction and Enforcement of Cyber Law
Key Words
Review Questions
Unit – 7 Insolvency and Bankruptcy Law
Learning Objectives
Introduction
Insolvency and Bankruptcy Code, 2016
Objectives and Scope of the IBC, 2016
Important Definitions under the IBC
Insolvency and Bankruptcy – Meaning and Difference
Corporate Insolvency Resolution Process (CIRP)
Offences and Penalties
Appeals and Legal Remedies
Key Words
Review Questions
