Business Law

This student-friendly text on Business Law discusses in detail different laws and Acts relating to business, commerce, trade and industry. Divided into six parts, Part I, The Indian Contract Act, 1872 discusses topics such as agreement and contract, offer and acceptance, and consideration. Part II, The Sale of Goods Act, 1930 deals with formation of contract of sale, conditions and warranties, and performance of contract of sale. Part III, The Indian Partnership Act, 1932 explains the nature of partnership and registration and dissolution of a firm. Part IV, The Negotiable Instruments Act, 1881 describes parties to negotiable instruments, presentation of negotiable instruments, and so on. Part V, The Indian Companies Act, 1956 discusses the formation and incorporation of a company and appointment of directors and their legal position. Part VI, General Acts, gives an overview of The Consumer Protection Act, 1986 and The Foreign Exchange Management Act, 2000.
The book is intended as a text for the undergraduate students of commerce and postgraduate students of management. Besides, students pursuing professional courses such as CA, ICWA and CS and those appearing for Judicial Services examination will also find the book quite useful.

• Cites examples, wherever necessary, to clarify the implication of the law.

• Illustrates concepts with the help of worked out examples.

• Furnishes a Glossary on the legal terms used.

• Cites case laws to make the concepts clear.

• Supplements the text with pedagogical features such as birds-eye view to make the book more practical and easy to understand.

Preface

Part I: The Indian Contract Act, 1872

1. Law an Overview

2. Business Laws an Introductory View

3. Nature of Contract

4. Agreement and Contract

5. Offer and Acceptance

6. Consideration

7. Capacity to Contract

8. Free Consent

9. Legality of Object and Consideration

10. Void Agreements

11. Performance of Contract

12. Discharge of Contract

13. Breach of Contract

14. Contingent Contracts

15. Quasi Contracts

16. Indemnity and Guarantee

17. Bailment and Pledge

18. Law of Agency

Part II: The Sale of Goods Act, 1930

19. Formation of the Contract of Sale

20. Conditions and Warranties

21. Transfer of Ownership in Goods

22. Performance of the Contract of Sale

23. Unpaid Seller and Restorative Measures

Part III: The Indian Partnership

Act, 1932

24. Nature of Partnership:

A General View

25. Relations of Partners to

One Another

26. Registration and Dissolution of a Firm

Part IV: Negotiable Instruments

Act, 1881

27. Negotiable Instruments:

An Introductory View

28. Parties to Negotiable Instruments

29. Negotiation

30. Presentment of Negotiable Instruments

31. Dishonour and Discharge of Negotiable Instruments

32. Banker and Customer

Part V: The Indian Companies Act, 1956

33. Formation and Incorporation of Company

34. Legal Position of Directors, their Appointment and Remuneration

35. Meetings and Resolutions

Part VI: The Consumer Protection Act, 1986

36. The Consumer Protection Act, 1986: An Aggregate View

Part VII: The Foreign Exchange Management Act, 2000

37. Foreign Exchange Management Act, 2000: A Brief View

Index