Nature of Contract – Offer and Acceptance – Consideration – Capacity to Contract – Free Consent - Legality of Object.
Void Agreements – Contingent Agreements – Performance of Contract – Discharge of contract – Mode of Discharge – Remedies for Breach of Contract
Indemnity and Guarantee : Contract of Indemnity – Contract of Guarantee – Extent of Surety Liability – Kinds of Guarantee – Rights of Surety – Discharge of Surety - Contract of agencies: Definition – Creation of Agency –Classification of Agent – Relation of Principle and Agent - Delegation of Authority- Personal Liability of Agent – Termination of Agency
Formation of Contract of Sale – Negotiable Instrument – Definition – Types –Negotiable by Statute – Negotiable by Custom or Usage – Conditions and Warranty.
Ethics and Business - Ethics – Meaning, Importance - The “Seven Principles of Public Life” – Selflessness, Integrity, Objectivity, Accountability, Openness, Honesty and Leadership - The relationship between Ethics and Law - Ethics in Business.
Reference Book:
1. “Business Law” RSN Pillai and Bhagavathi, S Chand Reprint 2014 2. “Business Law” P.Saravanavel and Syed BandreAlam, Himalaya Publishing House 2014. 3. “A Manual of Mercantile Law”, M C. Shukla, Sultan chand& Sons 2013.
Text Book:
1. “Elements of Mercantile Law”N.D.Kapoor, Sultan chand& Sons 2014 2. “Business Ethics” Shailendra Kumar, Alok Kumar Rai, Cengage Learning India Pvt. Ltd., 2019