Allied Courses



4 UBMSFSI. 4 Business Law


[50 lectures: 3 Credit]


The objectives of the course are:


  • It will help to demonstrate an informed understanding of the law and social responsibility relevant to managing an organization domestically and internationally.


  • Learners should be able to explain the corporate governance system, including the law related to agency


  • Learners will be able to explain how those in control of the organization’s assets, operations and management take into consideration the company’s local and global impacts on society and the environment informed by the opinions of multiple affected stakeholders in their decision-making.


Unit 1 A) Contract Act,1872 13
  • Essential elements of Contract; Agreement and
  Contract – Capacity to Contract, free consent,  
  consideration, lawful objects/ consideration,  
  Breach of contract. Remedies for breach of  
  B) Sale of Goods Act ,1930  
  • Scope of Act, Sale and Agreement to sell, essential
  of a valid Sale Contract – Conditions and  
  warranties – Implied Condition and warranties,  
  Rights of an unpaid seller.  
Unit 2 C) Negotiable Instrument Act ,1981 10
  • Introduction of Negotiable Instruments –
  Characteristics of negotiable instruments,  
  Promissory note, Bills of exchange, Cheque,  
  Dishonor of Cheque.  
  D) 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 E) Company Law 10
  • What is company? – Incorporation of company –
    MOA, AOA, Prospectus, Meetings, Meaning of  
    transfer and transmission of shares.  
Unit 4 F) Intellectual Property Rights (IPR) 12
  • IPR definition/ objectives
  • Patent definition. What is patentable? What is not
    patentable? Invention And its Attributes, Inventors  
    and Applications  
  • Trademarks, definition, types of trademarks,
    infringement and passing off.  
  • Copy right definition and subject in which copy
    right exists, Originality, Meaning and Content,  
    Authors and Owners, Rights and Restrictions.  
  • Geographical indications (only short notes)


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