Business Law

Business Law Syllabus For B.Com I Year of Allahabad University

1. Law of Contract : The Indian Contract Act, 1872 Sections 1 to 31, 56, 64, 65, 68, 70 to 75, 124, 126, 148 to 151, 170, 172, 182 to 189, 201 and 211 to 225.

2. Sale of Goods Act, 1930 : Contract of Sale – Essentials of a Contract of sale, Sale and agreement to sell; sell and gift, Sale and Barter, Sale and bailment; Subject matter of contract of sale, Types of goods, Effect of destruction of subject matter; Price – Mode of fixing the price; Conditions and warranties, Implied condition and warranties; Doctrine of Caveat Emptor; Transfer of ownership and title, Performance of contract of sale; Unpaid seller – Rights of unpaid seller; Suit for breach of contract; Sale by Auction.

3. The Indian Partnership Act, 1932: Definition and Essential Characteristics of Partnership; Mutual Relations of Partners, Right and Duties of Partners; Dissolution of Firm – Modes of dissolution of a firm; Registration of firm – Procedure, Effect of Non-Registration; Position of minor in Partnership.

4. Negotiable Instruments Act, 1881: Definition, Legal Presumptions, Types of Negotiable Instruments, Holder and Holder in Due Course, Maturity of Negotiable Instruments, Endorsement, Crossing of Cheques.

5. Law of Insurance: Insurance Contract, Characteristics of Insurance Contract / Principles of Insurance; Doctrine of Subrogation; Reinsurance; Double Insurance; Kinds of Insurance – Life Insurance – Life Insurance Contract and its characteristics; Non-Life Insurance /General Insurance – Marine Insurance Contract and its characteristics; Fire Insurance Contract and its characteristics; Difference between Life Insurance and General Insurance.

6. U. P. Shops and Commercial Establishments Act, 1962: Definition of Commercial Establishment; Registration of Shop and Commercial Establishment; Hours of Business; Holidays and Leaves; Wage, Deductions, and Notices for Discharge; Employment of Children and Women; Enforcement and Penalties.

Business Law Book contents

1. Definition and Nature of Contract
2. Agreement: Offer and Acceptance
3. Consideration
4. The capacity of Parties to Contract
5. Free Consent
6. The 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

1. Nature of Contract of Sale of Goods
2. Conditions and Warranties
3. Transfer of Property (Ownership)
4. Performance of Contract of Sale: Delivery of the Goods
5. Unpaid Seller and Auction Sale

1. Negotiable Instruments: Definition and Features, Etc
2. Holder and Holder In Due Course
3. Crossing and Dishonour of Cheques
4. Dishonour of Negotiable Instruments
5. Discharge from Liability on Negotiable Instruments

1. The Limited Liability Partnership Act, 2008 (LLP Act)
2. Incorporation of Limited Liability Partnership(LLP) and Matters Incidental Thereto
3. Partners, their Relations and Connected Matters
4. Financial Disclosures and Investigation
5. Conversion of Entities into LLP, Compromise, Arrangement or Reconstruction of LLPs
6. Winding-Up and Dissolution of Limited Liability Partnership
7. Law of Insurance
8. The Uttar Pradesh Shops and Commercial Establishments Act, 1962