Subject Code Subject L T P C

MNG-302 Business Law 3 0 0 3

Course Educational Objectives
CEO1 To enable basic understanding of legal concepts and familiarity with terminologies
CEO2 To enable particular understanding on the working of contractual principles

CEO3 Help To provide an insight into the structure and process of Companies Law

CEO4 To be aware of the legal alternatives for dispute resolution.

Course Outcomes (students learn by the end of the course)
CO1 Understanding and overview of the nature and sources of law, and the governing, legal and
judicial system
CO2 Aware of the Indian contract act 1872
CO3 Identify the fundamental legal principles behind contractual agreements
CO4 Know about the procedure to start a company by fallowing company’s act 1956.
CO5 Create an awareness about important legislations namely Sale of Goods Act, Consumer
Protection Act, Factories Act having impact on business.
CO-PO & PSO Mapping
PROGRAMME OUTCOMES
COs
PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO10 PO11 PO12
CO1 2 1 2 2 2
CO2 1 1 1 0 1
CO3 0 2 3 2 0
CO4 2 0 1 0 1
CO5 1 2 2 2 2
SYLLABUS
Unit-I [12 Hrs]
Law of Contract : Contract Act: Indian Contract Act, 1872, Agreement, Contract, Essentials of Contract
(Offer & Acceptance, Consideration, Capacity of Parties, Free Consent, and Legality of Object),
Performance and Discharge of Contract, Remedies for breach of contract, Quasi-Contract and Contingent
Contract.
Unit - II [10Hrs]
Special Contract: Contract of Agency: Mode of creating & revocation of Agency, Rights and Duties of
Agents and Principals. Contract of Bailment (Rights and duties of Bailer and Bailee). Contract of Sales of
Goods: Sale and agreement to sell, Condition and Warranty, Transfer of properties, Finder of Goods,
Performance of Contract of sale, Unpaid seller and his rights.
Unit-III [10 Hrs]
Economic Laws Consumer Protection Act, 1986: Consumers, Rights of Consumers, Redressal Machinery
under the Act, Procedure of Complaint, Relief available to the consumers, Procedure of filing appeal,
Powers of Redressal agencies
Unit-IV [11 Hrs]
Company Laws: Indian Companies Act 1956, Salient features and Classes of Company. Lifting of
corporate veil, Procedure of Incorporation and Certificate of commencement of business, Memorandum
and Articles of Association, Doctrine of ultra vires and Indoor Management, Management of Company:
Qualification, Appointment, Legal position, Company Meetings, Resolutions, Winding-up of Companies
and their modes
Teaching Methods: Chalk& Board/ PPT/Video Lectures/Lecture by Expert in (by lawyers). Case
studies.
Text Book:
 N D Kapoor – Elements of Mercantile Law – Sultan Chand-2014
 Gulshan S.S. - Business Law Including Company Law (Excel Books)
Reference Book:
 Dr Avatar Singh- Principles of Mercantile Law, Eastern Book Company 2014.
 Nandan Kamath- Law relating to Computer, Internet and E-Commerce (A Guide to cyber Laws),
Universal Law Publishing Co. Ltd. New Delhi, 2012.
 Kuchhal M.C. - Business Law (Vikas Publication)

PO6 The engineer and society: Apply reasoning informed by the contextual knowledge to
assess societal, health, safety, legal and cultural issues and the consequent
responsibilities relevant to the professional engineering practice.
PO7 Environment and sustainability: Understand the impact of the professional engineering
solutions in societal and environmental contexts, and demonstrate the knowledge of, and
need for sustainable development.
PO8 Ethics: Apply ethical principles and commit to professional ethics and responsibilities
and norms of the engineering practice.
PO9 Individual and team work: Function effectively as an individual, and as a member or
leader in diverse teams, and in multidisciplinary settings.
PO12 Life-long learning: Recognize the need for, and have the preparation and ability to
engage in independent and life-long learning in the broadest context of technological
change.