Business Law FYBMS Semester I

Business Law

FYBMS

Semester I

Unit I : Contract Act, 1872 and Sale of Goods Act, 1930 (15 Lec.)
l Contract Act, 1872 : Essential Elements of Contract; Agreement and Contract - Capacity to Contract, Free Consent, Consideration, Lawful Objects/Consideration, Breach of Contract, Remedies for Breach of Contract
l Sale of Goods Act, 1930 : Scope of Act, Sale and Agreement to Sell, Essential of a Valid Sale Contract - Conditions and Warranties - Implied Conditions and Warranties, Rights of an Unpaid Seller

Unit 2 : Negotiable Instruments Act, 1881 and Consumer Protection Act, 1986 (15 Lec.)
l Negotiable Instruments Act, 1881 : Introduction of Negotiable Instruments - Characteristics of Negotiable Instruments, Promissory Note, Bills of Exchange, Cheque, Dishonour of Cheque
l Consumer Protection Act, 1986 : Objects of Consumer Protection - Introduction of Consumers who is Consumer ? Meaning of the words "Goods and Services" - Meaning of the words "Defects and Deficiencies of Goods and Services", Consumer Disputes and Complaints

Unit 3 : Company Law (15 Lec.)
l Company Law : What is Company ? - Incorporation of Company - MOA, AOA, Prospectus, Meetings, Meaning of Transfer and Transmission of Shares

Unit 4 : Intellectual Property Rights (IPR) (15 Lec.)
l Intellectual Property Rights (IPR)
l IPR Definition / Objectives
l Patent Definition. What is Patentable ? What is not Patentable? Invention and its Attributes, Inventors and Applications
l Trademarks, Definition, Types of Trademarks, Infringement and Passing off
l Copy Right Definition and Subject in which Copy Right Exists, Originality, Meaning and Content, Authors and Owners, Rights and Restrictions
l Geographical Indications (only short notes)