East West University

Spring 2021
MBA 505/EMBA 505, Business Law and Ethics
Section: 2
Course Outlines

Course Instructor : Abu Md. Mustafa Kamal, MBA, LLB (Honors)

Class Day & Time : Friday, 09.00 AM to 12.00 AM (Online)

1. Objective of the Course

This course is designed to provide the student with knowledge of the legal environment in which
consumers and businesses operate, and to provide the student with knowledge of legal principles. Specific
course objectives are as follows:
 Define and describe the legal system and the legal environment of business.
 Define contract law.
 Analyze sales contracts.
 Investigate commercial paper and negotiable instruments.
 Define and classify negotiable instruments and understand their activities.
 Describe agency, partnership and company law.
 Recognize laws associated with different business organizations including corporations and
partnerships.
 Comprehend the necessity of ethics in business and adopt it in business.

2. Course Contents

Sl. No. Topic

1. (a) Introduction: Nature of Law, various types of laws, sources of law; objective and
development of business law.
(b) Business and law: Definition and importance for business students and business persons.
2. (a) Law of Contract: Essential elements of contract and its classifications.
(b) Elements of a valid contract.
(c) Breach of contract, various remedies.
5. (a) Law of partnership: Elements, rights and Liabilities of partners.
(b) Reconstruction of partnership, Dissolution of partnership.
8. (a) Company Law: Concept and nature of company.
(b) Formation of a company.
(c) Board of directors, shareholders, minority protection, winding up.
(d) Winding up of a company.
3. (a) Negotiable instruments: Nature, various types of negotiable instruments.
(b) Notes, bills and cheque.
4. Law of Insolvency: Objects, who can and cannot be adjudged insolvency proceeding.
5. (a) Business Ethics: Definition, Business Ethics and Law.
(b) Corporate Social Responsibility.

1
3. Teaching Method
Classroom Lectures (Teacher’s presentation), Participatory Discussions, Group Discussions, Tutorial Sessions, Quiz
Tests, Assignments, Case Studies, Presentations, Question-Answer Sessions.

4. Performance Evaluation
Area Percentage
Attendance/Quiz/Assignment/project/Presentation 30

Mid-term Exam I 20

Mid-term Exam II 20

Final Exam 30
Total 100

5. Grading Policy: As per the university grading structure.

6. Suggested Text(s):

i. The Contract Act, 1872.

ii. The Partnership Act, 1932.
iii. The Companies Act, 1994.
iv. The Negotiable Instruments Act, 1881.
v. The Bankruptcy Act, 1997
vi. Business Ethics, Andrew Crane & Dirk Matten, Oxford University Press, 2010, Third Edition.

7. Reference Book (s):

i. Entrepreneur's Guide To Business Law, Constance F. Bagley, Craig E. Dauchy, Thomson, 2008, Third
Edition.
ii. International Business Law And Its Environment, Richard Schaffer, Filiberto Agusti, Beverley Earle, South-
Western, Cengage Learning, 2009, Seventh Edition.
iii. Business Law Today Text & Summarized Cases E-Commerce, Legal, Ethical, And Global iv. Environment,
Roger Leroy Miller, Gaylord A. Jentz, South-Western, Cengage Learning, 2011, Ninth Edition.
iv. Business Law Legal, Ethical, Global, And E-Commerce Environments, Denneth W. Clarkson, Roger Leroy
Miller, Gaylord A. Jentz, Frank B. Cross, South-Western, Cengage Learning, 2009, 11th Edition.

[NB: This outline is subject to change as and when necessary.]