COURSE INFORMATION

Name Business Law

Code Code: EC-2233

Coordinating Faculty Faculty of Management Sciences

Level Basic
Credits 3
Pre-requisites None
Delivery Method Lectures

Coordinator Saeed Gul

Contact Phone: 0788499467
Email: s.gul@kardan.edu.af

Schedule Link to course schedule and coordinator schedule for support

Coordinator Regulations Link to specific regulations set by each faculty for a specific course

COURSE DESCRIPTION
Business law also known as Commercial or Mercantile law is one of the chief disciplines in the
Business management. It deals with rights and duties of the Business person arising out of
business transaction in respect of business property. It is the branch of Civil law and founded on
the law of Contract which deals with the only agreements enforceable by the law. Therefore this
course essentially focuses on the law of contract, kinds of contract, performance, discharge,
breach, remedies in case of breach, guarantee and Indemnity, bailment and pledge.

LEARNING OBJECTIVES / OUTCOMES

 To educate the students about the nature and scope of the subject
 To study the subject with special focus on the law of contract as the backbone of the
discipline
 To elaborate the essentials and kinds of the Contract with examples allied to practical
business
 To discuss in detail the rules related to the performance of the contract
 To debate on the legal remedies and its procedure in case of breach of contract
 To study the contact of guarantee and indemnity and also about bailment and pledge

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LEARNING RESOURCES
Text book:

 Business law by Khalid Mehmood Cheema Syed Mobin Mahmud and Co Lahore
Pakistan
Reference Book:

 Contract Act by K.B Abbas PLD Publishers Lahore.

 General Principles of the Law of Contract expounded by Cheshire and Fifoot
revised by M.A Malik PLD Publications Lahore.
 Business law by Prof. M. Saeed Khan Marhaba Publishers Multan

COURSE SCHEDULE

Week Topics for Discussion Book / Suggested Remarks

No. Chapter Activity
1 Chapter – I Review of lecture
Chapter No at home.
Introduction 1,
Business law
1) Meaning and definition of by Khalid
Business law Mehmood
2) Definition and meaning of Cheema
contract
3) Elements of Contract
4) Essentials of Valid contract
i. Offer and acceptance
ii. Legal obligations
iii. Lawful consideration
2 iv. Capacity of parties Chapter No
v. Free consent 1,
vi. Writing and registration Business law
vii. Lawful object by Khalid
viii. Certainty of terms Mehmood
ix. Possibility of performance Cheema
x. Not expressly declared
void

Chapter – 02 Chapter No
Kinds of Contract 2,
1) Kinds on the basis of Business law
enforceability by Khalid
i. Valid contract Mehmood
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 ii. Void contract Cheema
iii. Voidable contract
iv. Unenforceable contract
3 2) Kinds on the basis of Chapter No
formation 2,
i. Expressed contract Business law
ii. Implied contract by Khalid
Mehmood
3) Kinds on the basis of Cheema
performance
i. Executed contract
ii. Executor contract

4) Kinds on the basis of

parties
i. Bilateral contract
ii. Unilateral contract

5) Special kinds
i. Quasi contract
ii. Contingent contract
iii. Conditional contract

4 Chapter – 3 Chapter No
Assignment of Contract 3,
Business law
1. Introduction by Khalid
2. Assignment of liabilities Mehmood
3. Assignment of rights Cheema
4. Assignment of contract by
statute
5. Assignment by operation
of law

5 Chapter – 4 Chapter No Case Study Quiz # 1

Performance of a Contract 4,
Business law
1. Obligations of parties by Khalid
2. Contract which must be Mehmood
performed Cheema
3. By whom the contract
must be performed
4. Time and place of
performance

6 5. Performance of reciprocal Chapter No Assignment

promises 4, #1
6. Appropriation of payments Business law
7. Contract which need not to by Khalid
be performed Mehmood
Cheema
7 Chapter No. 5 Chapter No
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 Discharge of Contract 5,
Business law
1. Discharge of contract by by Khalid
agreement Mehmood
Cheema
8 2. Discharge by performance Chapter No
3. Discharge by operation of 5,
law Business law
4. Discharge by impossibility by Khalid
of performance Mehmood
5. Discharge by breach Cheema

Mid Term Examination

9 Chapter – 6 Chapter No
Remedies for breach of Contract 6,
1. Introduction Business law
2. Remedies available for by Khalid
breach of contract Mehmood
3. Suit for rescission Cheema
4. Suit for damages
5. Kinds of damages
i. Ordinary damages
ii. Special damages

10 iii. Exemplary damages Chapter No Assignment

iv. Liquidated damages 6, #2
v. Nominal damages Business law
by Khalid
6. Suit upon Quantum Meruit Mehmood
7. Suit for specific Cheema
performance
8. Suit for injunctions

11 Indemnity and Guarantee Chapter No

1. Definition and Nature of 7,
indemnity Business law
2. Essentials of contract of by Khalid
indemnity Mehmood
3. Nature and definition of Cheema
Guarantee
4. Legal rules regarding
contract of Guarantee

12 5. Kinds of Guarantee Chapter No Quiz # 2

6. Difference between the 7,
Contract of Indemnity and Business law
contract of Guarantee by Khalid
7. Rights of Surety Mehmood
8. Liabilities of Surety Cheema
9. Discharge of surety from
liabilities

13 Chapter – 8 Chapter No
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 8,
Part – A (Bailment) Business law
1. Nature and definition of by Khalid
Bailment. Mehmood
2. Essentials of Bailment Cheema
3. Kinds of bailment
4. Rights and duties of Bailor

14 5. Rights and Duties of Chapter No

Bailee 8,
6. Termination of bailment Business law
by Khalid
Part – B (Pledge) Mehmood
1. Pledge nature and Cheema
definition
2. Essentials of Pledge
3. Rights and duties of
Pledger or Pawnor

15 4. Rights and Duties of Chapter No

Pledgee or Pawnee 8,
5. Difference between Business law
Bailment and Pledge by Khalid
Mehmood
Cheema
16 Revision
Terminal Examination

ASSESSMENT
SUMMARY
TYPE PERCENTAGE RATIONALE
Internal Assessment
- Assignment 10% 25%
- Quiz 10%
- Others 5%
Program Assessment
- Midterm 25% 75%
- Terminal 50%

GRADING
MARK RANGE GRADE POINT GRADE EXPECTED RESULT
90 and above 4.0 A The percentage of class
expected to score this
grade.
80 – 89 3.0 B
70 – 79 2.0 C
60 – 69 1.0 D
59 and below 0.0 F

POLICIES & GUIDELINES

a. Plagiarism and copying of copyright materials are serious offences and may lead to
disciplinary actions.
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 b. The course enrolment is charged by the faculty office. Please approach the staff in the
faculty office for any queries about course enrolment, class quota, etc. In no
circumstances should you approach the lecturers who have no control on this.
c. Make-up test for mid-term: No Make Up chance is available to absent or Failed students.
d. There is no make-up session for the oral presentations and quizzes. If you are absent from
the oral presentation without eligible reasons/documents, you will not earn any marks on
the oral presentation. If you are absent from the oral presentation with eligible
reasons/documents, your score on the final exam will be applied higher weight (including
weight on final exam and mid-term test).

Conduct and Important Policies:

Any student found guilty of a breach of ethics will be subject to dismissal from the University.
a) Breach of ethics includes, but is not limited to plagiarism (the copying of other’s ideas and
passing them off as one’s own); copying or other forms of cheating on examinations, papers, and
reports; the sale, purchase, or distribution of term papers It is within an instructor’s discretion to
impose a lesser penalty, e.g., “zero” grade on a given assignment.
b) Course registration is charged by the management. Please approach the management for any
queries about course enrolment, class quota, etc.
In no circumstances should you approach the lecturers who have no control on this.
c) Make-up exam for midterm and terminal exam is available only for those individuals, who are
not able to attend their exams for valid reasons. Usually make-up exam starts a week after the
regular exam finishes.
d) There is no make-up session for the oral presentations and quizzes. If you are absent from the
oral presentation/ quiz without eligible reasons/documents, you will not earn any marks.
e) All examinations and quizzes will be “closed book” unless otherwise instructed. At the time of
examination all students are requested to clear their desks and are not allowed exchanging any
notes or electronic (text) messages to other students. All cellular phones should be in silent mode
and student will not be allowed to use it during the examination other than medical/family/work
emergency. All students are expected to adhere to these policies and procedures.
f) There is no supplementary exam for any failed course. Individuals, who fail the course, must
retake the module.
Attendance:
Your regular and punctual attendance at lectures and seminars is expected in this course.
University regulations indicate that if students attend less than 70% of scheduled classes they
may be refused final assessment.