Course Curriculam
Course Code: LAW228 Credit Units L T P/S SW AS/DS FW No. of PSDA Total Credit Unit
Course Level UG 4 0 0 4 0 0 0 6
Course Title Business Regulatory Framework
Course
Description :
Course Objectives :
SN
Objectives
.
The objective of this course is to provide a brief idea about the framework of Indian Contract Act,1872, Sale of Goods Act,1930, Partnership, LLP and
1
other business laws.
Pre-Requisites : General
SN. Course Code Course Name
Course Contents / Syllabus :
SN. Module Descriptors / Topics Weightage
Module I Indian Definition & Nature of Contract, Classification; Offer & Acceptance; Capacity of Parties; Free Consent;
1 Contract Act, Consideration; Legality of Objects, Void Agreements; Performance of Contracts; Discharge of Contract; 20.00
1872 Contingent Contracts; Quasi Contracts; Remedies for Breach of Contract.
Module II Special
Indemnity & Guarantee; Bailment & Pledge; Contract of Agency. Sale of Goods Act, 1930: Contract of Sale of
Contracts and
2 Goods, Conditions & Warranties; Transfer of Ownership; Performance of the Contract: Unpaid Seller, Remedial 20.00
Sales of Goods
Measures; Auctionable Claims.
Act
Need for Consumer Protection – Meaning of Consumer – Different Redressal Forums for Consumers, Rights of
Module III CPA,
Consumers, Unfair Trade Practices, and Procedure for Filing Complaints. Consumer Protection Councils, Central
3 2019 and RTI 20.00
Consumer Protection Authority-Duties. Features and Basic Provisions of RTI. Basic concepts- Patents,
2005, IPR
Trademark, Copyright, Designs.
Basic concept of partnership, objectives, duties and liabilities of partners and partnership, profit sharing,
Module IV
dissolution. Salient features of LLP, Difference between LLP and Partnership, LLP and company, LLP
4 Partnership and 20.00
agreement, Nature of LLP, Partners and designated partners, incorporation of LLP and change therein, extent
LLP
and limitation of liability of LLP and partners, whistle blowing, conversion to LLP, winding up
Module V
Negotiable Negotiable Instrument: Meaning, Types, Cheque, Promissory Note, Bill of Exchange, Endorsement, Crossing of
Instrument, Cheque, Dishonour of Cheque, Payment in due Course. Holder and Holder in due course. Online transactions.
5 20.00
FEMA 1999, Provisions of Foreign Exchange Management Act 1999, Competition Act 2002, Role of Competition commission
Competition Act of India
2002
Course Learning Outcomes :
SN. Course Learning Outcomes
1 • Recall and define different types of contracts and their essential elements
2 • Understand provisions of contract act and sales of goods act and to apply them in business.
3 • Apply the provisions of consumer protection act and RTI and other business laws.
4 • Analyse provisions of Partnership and LLP act, Negotiable Instruments.
5 Evaluate the business provisions under different business laws like FEMA and competition Act.
6 • Create legal business entity involved in legal activities.
Pedagogy for Course Delivery :
SN. Pedagogy Methods
The course will be taught using theory and case-based method. Blended mode of teaching-learning will be adopted. The students would be
1 provided with e-content in form of audio/video material, e-notes / course material. Instructor would lay emphasis on explaining basic concepts
included in the course. PSDAs shall form part of internal assessment.
Theory /VAC / Architecture Assessment (L,T & Self Work): 100.00 Max : 100
Attendance+CE+EE : 5+35+60
SN. Type Component Name Marks
1 Attendance 5.00
2 End Term Examination (OMR) 60.00
3 Internal CLASS TEST 15.00
4 Internal HOME ASSIGNMENT 5.00
5 Internal SYNOPSIS 5.00
6 Internal PRESENTATION 10.00
Lab/ Practical/ Studio/Arch. Studio/ Field Work Assessment : 0.00 Max : 100
N/A
List of Professional skill development activities :
[Link] PSDA : 3
SN. PSDA Point
1 Drafting of Agreement
2 Preparation of Partnership deed
3 Online consumer redressal
Text & References :
SN. Type Title/Name Description ISBN/ URL
1. Kuchal M.C: Business Law; Vikas
1 Book
Publishing House, New Delhi.
Desai T.R.: Indian Contract Act, Sale of
2 Book Goods Act and Partnership Act; S.C. Sarkar
& Sons Pvt. L
6. Sharma, Sanjeev, Business Regulatory
3 Book
Framework, Jawahar Publication, Agra
