The Indian Contract Act , 1872-Law – Meaning & objects – Mercantile Law, meaning – sources of contracts – classification of contracts – essentials of a valid contract- offers, acceptance, legality of object and consideration – void agreement
Capacity of contracts - free consent - quasi contracts – contingent contracts - Performance of contract – discharge of contract- breach of contract – remedies for breach of contract
Special Contract : Contract of agency- kinds of agency – Rights & Liabilities of principal & agent – termination of agency -Contract of indemnity & guarantee – Rights & Liabilities of surety – Discharge of surety – Bailment – Rights & Duties of bailer & Bailee – Pledge by non – owner’s pawn (or)pledge –rights of Pawnee- rights & liabilities of finder of lost goods
The Sale of Goods Act, 1930: Formation of the contract of sale- Law of sale of goods – distinction between sale and agreement to sell – conditions & warranties to sell – conditions & warranties – transfer of ownership – transfer of title by non- owners – performance of contract of sale – rights & duties of buyer – Rights of unpaid seller
Carrier Goods Act-Negotiable Instrument Act-Partnership Act
Reference Book:
Gupta O.P, Mercantile Law, Sahitya Bhavan Publishing-Agra , 2. M.C.Kuchhal, Mercantile Law ,Vikas Publishing House Pvt Ltd 3. M.C Shukla , Mercantile Law , Sultan Chand Publishing-New Delhi 4. Verma M.M, Mercantile Law, King Books Publishinbg- New Delhi
Text Book:
Kapoor, N. D.; Elements of Business Law, Sultan Chand & Sons