BMBAI401 Business Law Syllabus — AKTU 2025-26

Syllabus

5 units · 40 lecture hours

Unit1

Unit 1

10 hrs

Indian Contract Act 1872 – Contract - Definition & Concept; Agreement - Offer & Acceptance; Consideration and Legality; Capacity of Parties to the Contact; Free Consent - Coercion, Undue Influence, Fraud, Misrepresentation, Mistake - Bilateral and Unilateral; Void Agreements - Agreements in Restraint of Marriage, Agreement in Restraint of Trade, Uncertain Agreements, Agreements in Restraint of Legal Proceedings, Wagering and Contingent Agreements and Contracts; Quasi Contracts; Performance and Discharge of Contracts; Breach of Contracts and Remedies.

Unit2

Unit 2

8 hrs

Special Contracts Indemnity and Guarantee - Meaning, Nature and Features, Types of Guarantee, Provisions related to different types of Guarantee, Surety and Co-surety - Rights and Liabilities, Discharge of Surety.

Unit3

Unit 3

8 hrs

Bailment and Pledge: Rights and Duties of Bailor and Bailee, Termination of Bailment; Agency: Creation of Agency, Classification of Agents, Relationship between Principal and Agent, Rights, Duties and Liabilities of Agent and Principal, Termination of Agency.

Unit4

Unit 4

6 hrs

Contract of Sale of Goods: The Sale of Goods Act 1930- Introduction, Contract of Sale, Sale and Agreement to Sale, Kinds of Goods, Conditions and Warranties - Implied Conditions and Warranties, Doctrine of ‘Caveat Emptor’, Transfer of Property, Delivery of Goods, Duties of the Seller and the Buyer, Unpaid Seller’s Remedies,

Unit5

Unit 5

8 hrs

Partnership - Law of partnership: Definition, essentials of partnership, registration of partnership, kinds of partners, rights, liabilities of partners, dissolution of partnership.

Course Objectives5 points

To define, describe, and explain the fundamental concepts of the Indian Contract Act including offer, acceptance, consideration, capacity, free consent, legality, and remedies for breach.
To identify, differentiate, and evaluate the legal provisions related to special contracts such as indemnity, guarantee, bailment, pledge, and agency.
To analyze, compare, and illustrate the legal aspects of the Sale of Goods Act including types of goods, implied conditions, transfer of ownership, and rights of unpaid sellers.
To interpret, relate, and justify the rights, duties, and liabilities of partners under the Partnership Act, including types of partners and the process of dissolution.
To apply, solve, and construct case-based legal scenarios to enhance critical thinking in contract law, special agreements, and commercial law through exercises and simulations.

Course Outcomes (COs)5 outcomes

After completion of the course student will be able to:

CO1Understand the basic concepts of contract law including offer, acceptance, consideration, capacity, free consent, void agreements, performance, discharge, and remedies under the Indian Contract Act, 1872.K1, K2, K3 (Remembering, Understanding, Applying)
CO2Explain the legal provisions related to special contracts like indemnity and guarantee, including types of guarantee, rights and liabilities of surety and co-surety, and discharge of surety.K1, K2, K3 (Remembering, Understanding, Applying)
CO3Analyze the concepts of bailment and pledge along with rights and duties of bailor and bailee, and understand the legal framework of agency, including formation, classification, and termination of agency.K2, K3, K4 (Understanding, Applying, Analyzing)
CO4Describe the provisions of the Sale of Goods Act, 1930 including types of goods, conditions and warranties, transfer of property, rights and duties of seller and buyer, and remedies of unpaid seller.K1, K2, K3 (Remembering, Understanding, Applying)
CO5Understand and evaluate the law of partnership including its definition, essential elements, types of partners, rights and duties, and the process and implications of partnership dissolution.K1, K2, K5 (Remembering, Understanding, Evaluating)

References

Kapoor N. D., “Elements of Mercantile Law by Mercantile Law”, Sultan Chand and Sons.
Kuchhal M. C., “Business Law”, Vikas Publishing House Pvt. Ltd.
Agarwal Rohini, “Mercantile & Commercial Laws”, Taxman Allied Services Pvt. Ltd.
Gulshan S.S., “Business Law”, Excel Books New Delhi.
Pathak Akhileshwar, “Legal Aspects of Business”, Tata McGraw Hill.
Tulsian P.C., “Business Law”, S. Chand & Company

Official AKTU syllabus

This subject is on page 16, 17, 18 of the original AKTU PDF.

Official AKTU syllabus PDF ↗