Indian Contract Act,1872
Defnitions - agreement, contract, Offer
Contract -Agreement + Enforceability at law
An agreement is formed after the acceptance of the offer or proposal.
"All contracts are agreements but all agreements are not contract".
Difference between an agreement and a contract
Essentials of a valid contract
Sunday, July 26, 2009
Tips for an MBA student - Mr Subash Bijlani,Professor of Practice,University of Maryland
- Emphasis has to be on lifelong and continous learning.
- Society is a dynamic one. It is knowledge oriented, so the student should have an ability to continously educate onself. It is an ability that the company looks for in a student.
- Students should try and find knowledge by oneself - taking real life problems-finding solutions
- Two abilities that the students should focus on -
- to learn to diffrentiate between people
- self leadership - how do you lead yourself
Practical Problems
Note: The following problems shall be solved in the class register.
Which of the following is a contract/agreement?
1. A student taking admission in an institution.
2. Opening an account in the bank.
3. Hiring a car for sight seeing purposes.
4.Selling or buying flats
5.A friend inviting another friend for a movie.
6. Hiring of a facility service provider for the Institute.
Which of the following is a contract/agreement?
1. A student taking admission in an institution.
2. Opening an account in the bank.
3. Hiring a car for sight seeing purposes.
4.Selling or buying flats
5.A friend inviting another friend for a movie.
6. Hiring of a facility service provider for the Institute.
Monday, July 20, 2009
Syllabus
Hindustan Institute of Management
PGDM Trimester III
Subject Title: LEGAL ASPECTS OF BUSINESS
Number of Credit Hours: 3 (Three)
Course Code:
Course Objective:
The objective of this course is to provide the students with practical legal knowledge of general business law issues and topics to help become more informed, sensitive and effective business leaders.
Unit I (2 L)
Introduction to Law - Salient Features of Constitution of India, Structure of Judiciary and Legislation, Legal terminology
Unit- II (8 L)
Indian Contract 1872
Classification of contract – Essential elements of a valid contract - offer - acceptance - communication and revocation of offer, acceptance, consideration, capacity of parties - consent - free consent - Flaw in consent - Coercion - Undue-influence - Fraud - Misrepresentation - Mistake - legality of objects - Illegal and Immoral agreements and agreements opposed to public policy - Breach of contract - Remedies for breach of contract - Contingent contract, performance of contract - Contracts of guarantee, Indemnity bailment - Agency
Unit III (6 L)
Sale of Goods Act, 1930
Classification of goods, Conditions & Warranties, Passing of Property, Rights of an unpaid seller, Remedies for breach of Contract of Sale of Goods.
Indian Partnership Act, 1932
Definition and Nature of Partnership; Formation of Partnership; Rights, Duties and Liabilities of Partners; Dissolution of Partnership Firm
Unit IV (8 L)
Negotiable Instruments Act, 1881
Negotiable Instruments; Parties to a Negotiable Instrument; Presentment of Negotiable Instrument; Negotiation of Negotiable Instrument; Dishonour of a Negotiable Instrument; Discharge of Parties from Liability
Companies Act 1956
Definition, Characteristics and Kinds of Companies, Steps in Formation of Company. Memorandum of Association, Articles of Association. Directors: Appointment, Power, Duties and Liabilities of Directors. Meeting and Resolutions: Types of Meetings.
Unit V (4L)
Brief overview –
Consumer Protection Act 1986
Competition Act 2002
Suggested Readings:
Kuchhal M.C. Business Law, (Vikas)
Tulsian P.C. Business Law (Tata Mc Graw- Hill)
Kapoor N. D. Elements of Mercantile Law, (S.Chand And Sons).
Gulshan S.S., Business Law 1st Ed. 2001, Excel Books
Basu, B.B, Constitution of India
MP Singh, Constitution of India
Taxmann’s (Rohini Goel) Students guide to Corporate Laws
Datey V.S., Students Guide to Corporate Laws, Taxman’s, 2000 Ed.
Maheswari and Maheswari, Company Law
Singh Avtar, Company Law
Saharay H.K., Company Law
Bagrial Ashok K, Company Law
Shah S.M. & Kantawala R.M., Lectures on Company Law
Wadhwa, Companies Act
Puliani Ravi & Puliani Mahesh, Bharat’s Corporate Laws
Majumdar A.K. or Kapoor G.K, Taxman’s Students Guide to Co. Law, 2000
Bare Acts
Newspapers
Times of India,
Hindustan Times
Economic Times
Cases
All India Reporter
Supreme Court Cases
Supreme Court Reports
Websites
• www. legalserviceindia.com • www.Supremecourtofindiacaselaw.com
www.indlaw.com • www.lexsite.com
www.india-laws.com • http://www.companylawinfo.com
PGDM Trimester III
Subject Title: LEGAL ASPECTS OF BUSINESS
Number of Credit Hours: 3 (Three)
Course Code:
Course Objective:
The objective of this course is to provide the students with practical legal knowledge of general business law issues and topics to help become more informed, sensitive and effective business leaders.
Unit I (2 L)
Introduction to Law - Salient Features of Constitution of India, Structure of Judiciary and Legislation, Legal terminology
Unit- II (8 L)
Indian Contract 1872
Classification of contract – Essential elements of a valid contract - offer - acceptance - communication and revocation of offer, acceptance, consideration, capacity of parties - consent - free consent - Flaw in consent - Coercion - Undue-influence - Fraud - Misrepresentation - Mistake - legality of objects - Illegal and Immoral agreements and agreements opposed to public policy - Breach of contract - Remedies for breach of contract - Contingent contract, performance of contract - Contracts of guarantee, Indemnity bailment - Agency
Unit III (6 L)
Sale of Goods Act, 1930
Classification of goods, Conditions & Warranties, Passing of Property, Rights of an unpaid seller, Remedies for breach of Contract of Sale of Goods.
Indian Partnership Act, 1932
Definition and Nature of Partnership; Formation of Partnership; Rights, Duties and Liabilities of Partners; Dissolution of Partnership Firm
Unit IV (8 L)
Negotiable Instruments Act, 1881
Negotiable Instruments; Parties to a Negotiable Instrument; Presentment of Negotiable Instrument; Negotiation of Negotiable Instrument; Dishonour of a Negotiable Instrument; Discharge of Parties from Liability
Companies Act 1956
Definition, Characteristics and Kinds of Companies, Steps in Formation of Company. Memorandum of Association, Articles of Association. Directors: Appointment, Power, Duties and Liabilities of Directors. Meeting and Resolutions: Types of Meetings.
Unit V (4L)
Brief overview –
Consumer Protection Act 1986
Competition Act 2002
Suggested Readings:
Kuchhal M.C. Business Law, (Vikas)
Tulsian P.C. Business Law (Tata Mc Graw- Hill)
Kapoor N. D. Elements of Mercantile Law, (S.Chand And Sons).
Gulshan S.S., Business Law 1st Ed. 2001, Excel Books
Basu, B.B, Constitution of India
MP Singh, Constitution of India
Taxmann’s (Rohini Goel) Students guide to Corporate Laws
Datey V.S., Students Guide to Corporate Laws, Taxman’s, 2000 Ed.
Maheswari and Maheswari, Company Law
Singh Avtar, Company Law
Saharay H.K., Company Law
Bagrial Ashok K, Company Law
Shah S.M. & Kantawala R.M., Lectures on Company Law
Wadhwa, Companies Act
Puliani Ravi & Puliani Mahesh, Bharat’s Corporate Laws
Majumdar A.K. or Kapoor G.K, Taxman’s Students Guide to Co. Law, 2000
Bare Acts
Newspapers
Times of India,
Hindustan Times
Economic Times
Cases
All India Reporter
Supreme Court Cases
Supreme Court Reports
Websites
• www. legalserviceindia.com • www.Supremecourtofindiacaselaw.com
www.indlaw.com • www.lexsite.com
www.india-laws.com • http://www.companylawinfo.com
Reward for 100% attendance
Every student who achieves 100% attendance in the class from 20.7.2009 to 20.8.2009 will get a reward for their acheivement.
Looking forward to a long list of achievers!!!
Looking forward to a long list of achievers!!!
Lectur IV - 20.7.2009
Forming of an Act -Bill -Tabling in the Parliament - Debate -Passing of the Bill in both the houses - Sent for assent to the President - Bill becomes an Act on the assent of the President
Act divided into chapters,sections subsections etc
Date of assigment extended to 21.7.2009
Act divided into chapters,sections subsections etc
Date of assigment extended to 21.7.2009
Lecture III
Introduction to the concept of Law - Various sources of Law - Custom, Legislation, Precedents, Opininon of experts - Constitution of India - Fundamental rights - Directive Principles of State policy - Various Kinds of Law -Procedural Laws, General Laws etc
Assignment 1 - What are the fundamental rights and directive principles of State
Policy enshrined in the Constitution of India?
Submision date: 20.7.2009
Assignment 1 - What are the fundamental rights and directive principles of State
Policy enshrined in the Constitution of India?
Submision date: 20.7.2009
Wednesday, July 15, 2009
Lecture I -15/7/2009, Lecture II - 16/ 7/2009
General introduction to law.
What is Law? - Law is a dynamic concept - It keeps changing with times - Integral part of our everyday lives - Nobody is above law -Even the person who has made the law is bound by it
Two ppts regarding the topic can be found at the common e-mail id.
What is Law? - Law is a dynamic concept - It keeps changing with times - Integral part of our everyday lives - Nobody is above law -Even the person who has made the law is bound by it
Two ppts regarding the topic can be found at the common e-mail id.
Tuesday, July 14, 2009
guidelines for students
Guidelines for students
1. Students are required to be in the class on time.
2. No student will be allowed inside the class after 5 minutes of starting the lecture.
3. Students are required to read the newspaper daily and keep themselves updated of the current affairs.
4. Students shall come well groomed to the class.
5. Students are required to go through the topic or case before the lecture.
6. Students shall maintain two registers. One for the assignments and the other for the class lecture.
7. The assignments wil be posted on the blog with the date of submission. Assignment shall not be accepted after the submission date.
8. Each student will have to prepare three presentations. Two of them will be individual presentations and the third one will be a group presentation. The topics and the guidelines for the presentation will be given in due course.
9. Students are expected to maintain discipline in the classroom.
10. Teacher's meeting time - Before 9.30 am in the morning, After 4.00 pm in the evening
11. Meeting during lunchtime is strictly prohibited.
1. Students are required to be in the class on time.
2. No student will be allowed inside the class after 5 minutes of starting the lecture.
3. Students are required to read the newspaper daily and keep themselves updated of the current affairs.
4. Students shall come well groomed to the class.
5. Students are required to go through the topic or case before the lecture.
6. Students shall maintain two registers. One for the assignments and the other for the class lecture.
7. The assignments wil be posted on the blog with the date of submission. Assignment shall not be accepted after the submission date.
8. Each student will have to prepare three presentations. Two of them will be individual presentations and the third one will be a group presentation. The topics and the guidelines for the presentation will be given in due course.
9. Students are expected to maintain discipline in the classroom.
10. Teacher's meeting time - Before 9.30 am in the morning, After 4.00 pm in the evening
11. Meeting during lunchtime is strictly prohibited.
Welcome
Welcome All! to this blog on business law. On this blog you will find information related to various aspects of business law. It will be an interesting read for all the students.
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