Department of International Business, D.

U
MBA (Evening) Program
Summer Semester-2019
EIB 502 LEGAL AND REGULATORY ENVIRONMENT OF BUSINESS
Course Instructor:
Name: ShamsunArefin Designation: Assistant Professor
Counseling: Before & After Class by Appointment E-mail: shamsun@du.ac.bd
Course Descriptions:
The main objectives of this course are:
 To get familiarity with legal language & concepts as they relate to business To intend to
help students attain a basic understanding of the Bangladeshi legal system, particularly
as it relates to business organizations.
 To provide the business student with a study of the interrelationship of law, ethics and
business. The course covers government regulation of business activities and the legal
environment within which business must operate.
 The legal environment plays a significant role in facilitating and constraining business
activity. To be competitive, business must understand and strategically use the legal
environment to minimize risk and enhance productivity.
 This course provides you with an overview of statutory, administrative, and judicial
efforts to regulate business activity in several areas: business entities, corporations,
agency and employment law, tort law, products liability, and the protection of
intellectual property.
 Ability to apply regulatory provisions to business situations to comprehend basic legal
reasoning

Text Book:
 Arun Kumar Sen, Jitendra Kumar Mitra. Commercial and Industrial Law (10/e).World
Press Private, 1977
 Company Act 1994, Labour Act 2006 .
 Advocate Mafizul Islam and M. Abdul Hannan. Principles of Commercial Law (5/e).
Shams Publications Dhaka, 2010
Reading Material:
Studymaterials will be provided by the course instructor from time to time including power
point slides, relevant practical Cases, required news paper cuts and chapters of referred
books.
Attendance/Absences:
Class attendance is a requirement of the course. Attendance will be taken at the end of each
class. Any student is caught for giving proxy of the attendance for another student will be in
violation of the Students Code of Conduct and will be reported to the Director of the MBA
(Evening) Program. Late arrival to class is discourteous to the other students. If any student
gets below 60% of the attendance, he/she will not be allowed to sit for final examination.
Furthermore, getting from 60% to 74% will be allowed to sit for final examination after
giving fine and completing official procedure. Excessive unexcused late comer may get
result in a lower grade.
Class Participation and Class Test
Each student is expected to attend in every class session with active participation. This will
account for bonus mark of the course session. The balance of this grade component will be
based on what you do while you are in class. Each student is expected to actively contribute
 to class discussion keeping the mobile phone and other devices silent. Even though we have a
lot of materials to cover, there will be ample time for discussion. Raise your hand very often.
It is highly encouraged. In every class, class test will be held for 10-15 minutes having
multiple choice question type covering prior lecture. This class test will be taken at first of
beginning the class and no makeup will be allowed.

Academic Integrity Policy:

Cheating is the act of obtaining or attempting to obtain credit for academic work through the
use of dishonest, deceptive or fraudulent means. Cheating includes, but is not limited to:
copying, in part or in whole, from someone else’s test; submitting work presented previously
in another course, if contrary to the rules of either course; altering or interfering with grading,
using or consulting, during an examination any sources (e.g., consulting with others, use of
electronic equipment including cell phones and PDA’s) or use of materials not authorized by
the instructor; or committing other acts that defraud or misrepresent.
Plagiarism is representing the work of someone else as your own. Plagiarism includes, but is
not limited to: incorporating the ideas, words, sentences, paragraphs, or parts of another
person’s writings, without giving appropriate credit, and representing the product as one’s
own; representing another’s artistic or scholarly works such as musical compositions,
computer programs, photographs, paintings, drawings or sculptures as your own; submitting a
paper purchased from a research or term paper service, including the internet; or
undocumented Web source usage.
Other forms of academic dishonesty, including the following is strictly forbidden:
purposely allowing another student to copy from your paper during a test; giving homework,
term paper or other academic work to another student to plagiarize; having another person
submit any work in your name; lying to an instructor or Evening Program official to improve
your grade; altering graded work after it has been returned, then submitting the work for re-
grading; stealing tests; forging signatures on drop/add cards; or collaboration without
permission of instructor.
Prior Notification Responsibility of Students:
No makeup will be allowed for any student who does not show up in class for a scheduled
oral presentation, exam or other assigned activity without prior notification to and approval of
the Instructor. In such a case, the student will receive a grade of 0 for that assignment.
Course Contents:

Chapter Lecture Plan Chapter Descriptions

Chapter-1: Lecture 01-02 Definitions, the essential elements of a contract; Rules regarding
The Law of offer & acceptance, revocation of an offer & acceptance; Types
Contract of considerations, essential factors of consideration, rule of “no
consideration, no contract” & its exceptions; Void and voidable
agreements; Capacity of the parties, law regarding minor’s
agreement, soundness of mind, effects of agreement made by
person of unsound mind; Concept of free consent, consequences
of making contract under the condition of coercion, undue
influence, misrepresentations, fraud & mistake; Methods of
terminating a contract; power of attorney, different classes of
agents, methods of creating agency, agent’s duties to principals,
principal’s duties to agents, rights of agents & principals..

Chapter-2: Lecture 03-04 Definitions of relevant terms; Transfer of ownership, ways of

The Law passing property or title of property from owner to the buyers;
Relating to Concept of delivery, rules regarding delivery.
the Sale of
Goods

Mid-term-1 Date yet to be fixed by office On Lecture-1 to 4

Chapter-5: Lecture 05 Definitions, classifications of workers, working hours, employee

Bangladesh leave, maternity welfare facilities, employment of adolescent,
Labor Act safety, wages & payment, conditions of service & employment

Chapter-6: Lecture 06-07 Definitions, types of negotiable instruments, essential features of

The Law negotiable instruments; Acceptance- mode, type, time, place &
Relating to person, person entitled to negotiate, types & rules of
Negotiable endorsement; Rights & liabilities of parties involved in
Instruments negotiable instruments, time, payment, maturity & interest of a
note/ bill; dishonor of negotiable instruments- mode,
consequences, notice, person, medium & exceptions
Chapter- Lecture 08 Definition of tort, difference between tort and criminal act, rules
7:Law of regarding negligence and tort. Definition of arbitration, general
Trot provision and arbitration without the intervention of the court.
Chapter-8:
Arbitration

Mid-term-2 Date yet to be fixed by office On Lecture- 05 to 08

Chapter-8 Lecture 09 Definitions, objectives & purpose, essential features of a

Company Act company, difference between partnership & company, types of
company; The memorandum & article of association-
importance, relationship, form & contents; Shares, share capital,
rights, liabilities & duties of shareholders, share certificate, share
warrant, stock; Modes and consequences of winding up of
company.
Chapter 9: Lecture 10 Definition, types of partnership, form of partnership,
Partnership registration, rights and duties of partners, dissolution of partners.
Act

Final Exam Date yet to be fixed by office On Lecture-1 to 10

Homework & Assignments:

There are questions assigned in various chapters. Each homework assignment is worth some
points. The number of assignment is not fixed but it is expected in every class there will be at
least One (1) assignment. Responses should be about two-three pages long. All homework
assignments must be submitted before the start of the next class.
Reading Assignments:
Completion of reading assignments is not only required, but essential, for successful
performance on the examinations. Students are to complete the day’s reading prior to class,
because we will discuss the material in class, and if you have not done the reading, you will
not be able to actively participate in the discussions. Participation is graded, and I will be
assessing whether you have done the reading during participation. In addition, class will be
more interesting and meaningful for all if everyone has completed the reading prior to the
lecture on the material and if everyone is prepared to discuss the reading.
Case Planning:
Class meetings will consist of lectures and discussion. Students will read 10-20 cases (Behind
the Scenes) and prepare one-page case papers, handed in on the due date. Case papers will
consist of providing analytical answers to the Critical Thinking Questions posed after each
case. Casepapers are assigned to produce a learning outcome; therefore, they must be handed
in ontime, although one week’s grace period will be granted. They are not to be considered as
aterm project.
Term paper:
No term paper will be given in this semester course.
Grading Evaluation:
Final grades for the course will be based on the following evaluations:
Class 1st Mid- 2nd Mid- Class P / G. Term Paper Final Total
Attendance term (Out term (Out Dis. (Out of (Out of 10) (Out (Out of
(Out of 10) of 15) of 15) 10) of 40) 100)

Evaluation Policy:
 Mid-term and term final exams will be held as per the exam schedule of the MBA
(Evening) Program and discussion may be made in class.
 No retake of quizzes/class test will be held. For missed mid-term one should go through
an official procedure.
 Assignments/ report & Presentations must have to submit within the time limit given by
the course instructor. Please work in groups for the assignments and Presentation.
Grading Policy:
Grades shall be assigned based on the following overall scale:
Weighted Average Grade Letter Grade
80% & above A+
75-79 % A
70-74% A-
65-69% B+
60-64% B
55-59% B-
50-54% C+
45-49% C
40-44% D
Below 40% F
[Note: The teacher has the right to change or alter any time the above syllabus and its
materials if he thinks necessary. Discussions among the students are very much encouraged.]