Business Law

The principle ‘Ignorance of Law is no excuse’ implies that all of us are well aware of the laws prevalent in our country. It means 'Ignorance of law' cannot be pleaded as defence in any court of law. Hence, it is essential for all individuals who are involved in business activities to possess the basic knowledge of laws relevant to run their business operations. The students of commerce and management discipline are prospective business executives. They are expected to know the legal environment of a business, and hence we find the subject of ‘Business Law' in the curriculum of Commerce and Management courses of all universities in the country. This book has been specially written as per the new syllabus for B.B.M. Semester – V and made effective from the academic year 2015. Care has been taken to arrange the topics strictly as per the syllabus. Questions for preparation of the examinations, are also provided and various court decisions are also introduced under relevant topics.