10MBA24 Business law syllabus for MBA


Unit-1 Law of contract 12 hours

Definition, Essentials and Types of Contracts, Offer-definition and essentials, Acceptance-definition and essentials, Consideration- definition and essentials, Exceptions to the rule „no consideration, no contract,‟ Doctrine of Privity of Contract, Capacity of Parties, Free Consent, Quasi Contract, Legality of Object, Performance of Contract, Termination of contract, Breach of Contract and Remedies.

Unit-2 Law of agency 7 hours

Essentials, kinds of agents, Rights and Duties of Agent and Principal, Creation of Agency, Termination of AgencyBailment and Pledge –Bailment, Definition, Essential Elements, Rights and Duties of Bailor and Bailee.Pledge- Essentials, Rights and Duties of Pledger and Pledgee

Unit-3 Negotiable instruments act 1881 7 hours

Nature and Characteristics of Negotiable instruments, Kinds of Negotiable Instruments-Promissory Notes, Bills of Exchange and Cheques. Parties to Negotiable Instruments, Negotiation, Presentment, Discharge and Dishonor of Negotiable Instruments.Law of Insurance – General Principles of Insurance and Life Insurance.

Unit-4 Sale of goods act 1930 5 hours

Definition of Sale, Sale v/s Agreement to Sell, Goods, Price and Time, Condition and Warranties, Express and Implied Conditions, “Doctrine of Caveat Emptor”, Performance of Contract of Sale, Rights of Unpaid Seller.

Unit-5 Law of partnership 1932 4 hours

Definition, Essentials of Partnership, Formation of Partnerships, Kinds of Partners, Authorities, Rights and Liabilities of Partners, Registration of Partnership, Dissolution of Partnership Firm.

Unit-6 Companies act 1956 7 hours

Definition, Characteristics and Kinds of Companies, Steps in Formation of Company. Memorandum of Association, Articles of Association and Prospectus.Shares: Kinds of Shares, Kinds of Debentures.Directors: Appointment, Power, Duties and Liabilities of Directors. Meeting and Resolutions: Types of Meetings. Auditor: Appointment, Rights and Liabilities of Auditor. Modes of Winding-up of a Company.

Unit-7 Fema: meaning, objectives and scope. 7 hours

Consumer Protection Act 1986: Objectives, Definition, Consumer Protection Councils.

Unit-8 Intellectual property rights 7 hours

Meaning, objectives and scope.Right to Information Act, Information Technology Act, Environment Protection Act - Meaning, objectives and scope.

Last Updated: Tuesday, January 24, 2023