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Business Regulatory Framework Sem II (MG Univ)


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Legal framework is an important constituent of the business and corporate environment. No corporate entity can effectively work and survive without meeting legal obligations. The law relating to contracts is perhaps the most significant and all pervasive amongst the various Business Regulatory Framework.

The Indian Contract Act, 1872 which governs contract in India is the earliest piece of legislation which the country has produced. Since the book is meant for students of Law, Commerce and Management Institutes, the authors have dealt with the provisions of the Act topic-wise for facilitating better understanding of the subject. Examples, case laws etc. have been given to illustrate the provisions of the Act. Section numbers have been given at appropriate places to enable the readers to make reference to the Companies Act for further details. Suitable headings and sub-headings have been given to focus the attention of the reader on important aspects of company law.

The chapter arrangement in this text have been made in a systematic and logical way with examples, illustrations and charts. The important judicial decisions on the various issues have also been included.


Contents –

Module – I: Introduction to Merchantile Law
1. Introduction to Law
2. Nature of A Contract
3. Offer and Acceptance
4. Consideration and Contractual Capacity of Parties
5. Free Consent
6. Legality of Object and Public Policy
7. Contingent and Quasi Contracts
8. Performance and Discharge of Contract
9. Breach of Contract and Remedies
Module – II: Special Contracts – I
10. Contract of Bailment and Pledge
Module – III: Special Contracts – II
11. Contract of Indemnity and Guarantee
Module – IV: Law of Agency
12. Contract of Agency
Module – V: Sale of Goods Act, 1930
13. Contract of Sale of Goods
14. Performance of Contract of Sale
15. Sale by Auction (Auction Sale)


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G. Kavitha,

Prof. P. Saravanavel,

Vilzon P. Koshy


Himalaya pub