Legal Aspects of Business (LAB) Syllabus MBA Pune University for Academic Year 2013 – 14. This is new revised syllabus wit some changes in MBA pattern.

Subject Name: Legal Aspects of Business

Subject Type: Generic Core

Subject Code: 103

Marks: 100

Distribution of Marks: 50 (External Written) 20 (External Online Exam) 30 (Internal Marks by College)

Unit 1 The Indian Contract Act 1871

Essential elements of valid contract,

Performance an discharge of contract,

Breach of contract – meaning and remedies,

Contracts of indemnity – meaning, nature-right of indemnity holder and indemnifier

Contract of guarantee – meaning, nature and features – types of guarantee – provisions relating to various types of guarantee.

Surety and co-surety – rights and liabilities – discharge of surety,

Agency – agent and principal, creation of agency – classification of agents – relationship between principal and agent – agent’s authority – revocation and renunciation – rights duties and liabilities of agents and principal –termination of agency. ( 7 + 2 )

Unit 2 Sale of Goods Act 1930

Contract of sale of goods – meaning –essentials of contract of sale – formalities of contract of sale

Conditions and warranties

Transfer of property or ownership

Performance of contract of sale

Rights of unpaid seller – rules as to delivery of goods ( 7 + 2 )

Unit 3 Negotiable Instruments Act, 1881

Negotiable Instruments –meaning – characteristics – types – parties, holder and holder in due Course

Negotiation and types of endorsements

Dishonour of negotiable instruments – noting and protesting

Liability of parties on Negotiable Instruments (7 + 2)

Unit 4 Companies Act 1956

Company – definition – meaning – features and types of companies.

Incorporation of a company – memorandum of association, articles of association and prospectus

Share Capital- types of share capital – increase/decrease of share capital –buy-back of shares.(7 + 2)

Unit 5 Other Laws:

Consumer Protection Act 1986 – definitions of consumer, consumer dispute complaint – goods – Service – unfair trade practice – consumer dispute redressal agencies

Information Technology Act – Digital Signature – Electronic Governance

Intellectual Property Laws –Understanding of concepts of patents,copyrights, trademarks and designs

Text Books

• Elements of Mercantile Law by N.D. Kapoor, Sultan Chand, 32nd Edition

Reference Books

• Legal Aspects of Business, Akhileshwar Pathak, Tata McGraw Hill, 4th Edition

• Business Law, S.S.Gulshan, Excel Books, 4th Edition.

• Business Law for Management, K.R.Bulchandani, Himalaya Publications, revised 6th Edition.

• Bare Acts

Supplementary Reading Material

• Corporate Law Advisor

• LawZ

• Legal News & views








• Management & Labour studies

• International Labour Review