Business Law

Business Law Book For B.Com. Semester II of Lucknow University

The subject of Business Law assumes great importance in almost all Universities in India. The present book has been written particularly for the students pursuing B.Com. Semester-II course of Lucknow University, Lucknow It is based on the new syllabus.

The present Business Law book has got some special features:

The language used throughout this work is simple and easily understandable. The complicated and complex provisions of Acts have been made simple and clearly understandable. Suitable case laws and examples have been inserted in a quite intelligible manner making the subject more clear to the students. The Questions at the end of each chapter include Long Answer Questions and Short Answer Questions and at the end of the book, Objective Type Questions and have been included as per the new pattern of Examination. The text covers all the answers to such questions. The students shall not be required either to consult any other book or even to make their personal notes if they take help from this book for preparing themselves for their examinations.

The Consumer Protection Act 2019 has been included in the book.

Business Law Syllabus For B.Com. Semester II of Lucknow University

Unit I: The Contract Act, 1872. Meaning, characteristics, and kinds, essentials of a valid contract: offer and acceptance, consideration, contractual capacity, free consent, the legality of objects–void agreements.

Unit II: Contract of Indemnity and Guarantee; contract of Bailment and Pledge; Discharge of contract–modes, breach, remedies; quasi-contract.

Unit III: Contract of Agency, Sales of Goods Act, 1930–Contract of Sale, meaning, the difference between a sale and agreement to sell, Conditions and Warranties, Transfer of ownership in goods including sale by non-agreement, Performance of a contract of sale, Unpaid seller.

Unit IV: The Negotiable Instrument Act, 1881—Definition, features, types of negotiable instruments, promissory note, bill of exchange, cheque, Endorsement and its types, Holder and Holder in due course. Consumer Protection Act, 1986: Objectives and its salient provisions.

Business Law Book Contents

The Indian Contract Act, 1872

1. Definition and Nature of Contract
2. Agreement: Offer and Acceptance
3. Consideration
4. Capacity of Parties to Contract
5. Free Consent
6. Legality of Object and Consideration
7. Expressly Declared Void Agreements
8. Contingent Contracts
9. Quasi Contracts
10. Performance of Contracts
11. Discharge of a Contract
12. Breach of Contract and its Remedies
13. Indemnity and Guarantee
14. Bailment and Pledge
15. Agency
    The Sale of Goods Act, 1930
16. Nature of Contract of Sale of Goods
17. Conditions and Warranties
18. Transfer of Property (Ownership)
19. Performance of Contract of Sale: Delivery of The Goods
20. Unpaid Seller and Auction Sale
    Negotiable Instruments Act, 1881 (As Amended by The Negotiable Instrument (Amendment) Act, 2002)
21. Negotiable Instruments: Definition and Features, Etc
22. Holder and Holder in Due Course
23. Crossing and Dishonour of Cheques
24. Dishonor of Negotiable Instruments
25. Discharge from Liability on Negotiable Instruments
26. The Consumer Protection Act, 2019
    ● Objective Type Questions (With Answer)