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 – Bailment and Pledge: Meaning – Classification of Bailment – Duties and Rights of Bailor and Bailee – Termination of Bailment – Pledge – Rights and duties of Pawnee and Pawnor – Pledge by non – owners - 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
Law of Insurance: Contract of Insurance – Elements of Insurance – Premium – Reinsurance and double Insurance – Life Insurance –Fire Insurance – Marine Insurance. Carriage of Goods: Carriage by Land – Carriage by Rail – Carriage by Sea – Carriage by Air
Reference Book:
1. Business Law – RSN Pillai and Bhagavathi – S Chand Reprint 2014 2. Business Law – P.Saravanavel and Syed Bandre Alam – Himalaya Publishing House 2014
Text Book:
1. Elements of Mercantile Law – N.D.Kapoor – Sultan chand & Sons 2014