Business Law or Commercial/Mercantile Law Syllabus in MBA

Business Law is an important subject in management courses like PGDM, MBA, B.com, M.com, BBA. Here we have shared all the topics that are in the syllabus of Business Law in Master of Business Administration.

Why we study Business Law?

Business law is the body of rules, whether by convention, agreement, or, governing the dealings between persons in commercial matters.

Business law regulates corporate contracts, hiring practices, and the manufacture and sales of consumer goods.

Business/ Mercantile Law is used to denote that branch of law that is concerned with such matters as are usually the subject of what may be called business transactions, i.e., It deals with contractual situations and the right and obligations arising out of business transactions between persons or companies.

A mercantile person may be a single individual, a partnership, or a joint-stock company.

Business Law Syllabus

Syllabus of Business Law in Masters of Business Administration – 2 Year.

Subject Name: Business Law
Subject Code: MBAT 106
Course: MBA First Semester 2020-21
University: Uttarakhand Technical University
Total Credit: 3
Internal Marks: 30
External Marks: 70
Total Marks: 100

Business Law Syllabus in MBA (2 Year)

Note: This Syllabus is as per MBA Academic Session 2020-21 of Uttarakhand Technical University, UTU Dehradun. New Scheme of Examination as per AICTE Flexible Curricula.

Unit 1 – Laws of Contract (The Indian Contract Act, 1872)

Concept of Contract,
Offer and Acceptance;
valid contracts and it’s essential elements;
void agreements;
classification of contracts;
Quasi-contract;
performance of a contract;
discharge of contract;
remedies for breach of contract.
Special Contracts: Indemnity, Guarantee, Bailment, Pledge, and agency.

Unit 2 – The Sale of Goods Act, 1930

Nature of Contract of Sale;
Formation of Contract of Sale,
Agreement to Sell,
Conditions and Warranties,
Transfer of Property in Goods,
Performance of the Contract of Sale,
Remedies for Breach,
Unpaid Seller and his rights,
rights of buyers,
Sale by Auction.

Unit 3 – The Negotiable Instruments Act, 1881

Definition,
Features and types of negotiable instruments;
Methods of negotiation of Instruments;
holder and holder-in-due Course;
Endorsement and delivery of a negotiable instrument;
Presentation of Negotiable Instrument.
Banker and Customer:
An introduction;
Crossing of a cheque;
Types of crossing;
Bouncing of cheques;
Obligations of Banker and Customer;
Dishonor and discharge of negotiable instruments.

Unit4 (a) The Consumer Protection Act, 1986:

Basic Concepts:
Complaint,
Complainant,
Consumer,
Rights of Consumer,
Consumer Forums:
Their Role,
Powers and Functions,
Procedure for Consumer Grievance Redressal,
Major Decided Cases.

(b)The Competition Act, 2002:

Basic Concepts,
Powers of Central Government under the Competition Act,
Major Provisions of the Competition Act:
Role and Working of Competition Commission of India.

Unit 5 – The Companies Act

An Overview;
Nature and kinds of Companies;
Formation of a company;
Company Management;
Company Meetings.

Course Outcomes:

1. To Assess and apply the fundamental legal rules regarding contractual agreements pertaining to the business world to manage businesses effectively.

2. To interpret and apply the law relating to the sale of goods as a legal advisor in an organization.

3. To analyze and apply the fundamental legal principles behind negotiable Instruments.

4. To interpret and apply the law relating to the consumer protection, and market competition Act.

5. To demonstrate and apply the various legal matters related to the establishment, running, and winding up of a company as a legal advisor in an organization.