PREFACE

TO THE FIRST EDITION

We have great pleasure in placing this book before the esteem readers.
Our long experience of teaching Business Laws at Sri Ram College of
Commerce has been instrumental in writing this book. The following are the
main features of this book :

• It has been written in a simple language and in a systematic manner.

• All the legal rules and principles have been lucidly explained and well
illustrated by examples and English and Indian court cases.
• Court cases have been explained in detail for better understanding of
legal rules.
• A large number of theoretical questions have been given at the end of
each chapter.
• True/False questions and some multiple choice questions have also
been given.
• A large number of practical problems have also been given so that the
students can check their knowledge and understanding of the legal
issue involved.
• Most of the theoretical questions, true/false questions and practical
problems given at the end of the chapters have been asked in the
University and professional examinations.

We are confident that the book will serve the needs of the academic
community of the University of Delhi.
We are thankful to all the faculty members who teach this subject in the
University or have interest in this subject for giving valuable suggestions.
In particular, we convey our thanks to Shri P.P. Joshi (Ramjas College),
Shri A.K. Hasti, Shri K.B. Gupta and N.K. Aggarwal (School of Open
Learning), Shri Bharat Bhushan and Shri Rakesh Aggarwal (Hansraj
College), Shri Sushil Tandon (Delhi College of Arts and Commerce), Shri
Harpal Singh (Moti Lal Nehru College), Dr. Subhash Malkani (PGDAV
College), Shri M.S. Bhatia (S.G.T.B. Khalsa College), Mrs. Sarabjeet Kaur
(Shri Guru Gobind Singh College of Commerce), Mrs. Renu Gulati (I.P.
College), Mrs. Sharda Garg and Mrs. Renu Arora (Mata Sundari College),
Mrs. Sushma Bansal (Vivekanand Mahila College), Mrs. Sima Sodhi (B.R.
Ambedkar College) Shri V.K. Tomar and Mrs. Puneeta Agrawal (Maharaja