Dibrugarh University Syllabus B.Com 1st Semester BUSINESS LAW (CBCS)

B.Com. (CBCS)

Semester - I
C 102
(6 Credit)
Lectures: 60 Tutorial 5
Full Marks: 100
(Internal Assessment 20 + 80 End-Term)

Objective: The objective of the course is to impart basic knowledge of the important business legislation along with relevant case law.



Unit I

The Indian Contract Act, 1872: General Principle of Law of Contract --- 12 L+ 1 T

(a) Contract – meaning, characteristics and kinds Essentials of a valid contract - Offer and acceptance, consideration, contractual capacity, free consent, legality of objects.
(b) Void agreements
(c) Discharge of a contract – modes of discharge, breach and remedies against breach of contract.
(d) Contingent contracts
(e) Quasi – contracts     -- Marks: 16

Unit II
The Indian Contract Act, 1872: Specific Contract ---12 L + 1 T
(a) Contract of Indemnity and Guarantee
(b) Contract of Bailment
(c) Contract of Agency

Unit III

The Sale of Goods Act, 1930 -- 12L+1T
(a) Contract of sale, meaning and difference between sale and agreement to sell.
(b) Conditions and warranties
(c) Transfer of ownership in goods including sale by anon-owner
(d) Performance of contract of sale
(e) Unpaid seller – meaning, rights of an unpaid seller against the goods and the buyer. Marks: 16

Unit IV
Partnership Laws --- 12 L + 1 T
The Partnership Act,1932
(a) Nature and Characteristics of Partnership
(b) Registration of a Partnership Firms
(c) Types of Partners
(d) Rights and Duties of Partners
(e)  Implied Authority of a Partner
(f) Incoming and outgoing Partners
(g) Mode of Dissolution of Partnership

The Limited Liability Partnership Act,2008
(a) Salient Features of LLP
(b) Differences between LLP and Partnership, LLP and Company
(c) LLP Agreement,
(d) Partners and Designated Partners
(e) Incorporation Document
(f) Incorporation by Registration
(g) Partners and their Relationship --- Marks: 16

Unit V

The Negotiable Instruments Act 1881  ---12 L + 1 T
(a) Meaning, Characteristics, and Types of Negotiable Instruments : Promissory Note, Bill of Exchange, Cheque
(b) Holder and Holder in Due Course, Privileges of Holder in Due Course.
(c) Negotiation: Types of Endorsements
(d) Crossing of Cheque
(e) Bouncing of Cheque  -- Marks: 16