MGT4107 L LTPC

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Pre-requisites/Exposure
Co-requisites

Catalog Description
In this course an attempt is made to introduce the students to certain important legal aspects
of business. The course is divided into seven modules dealing with legal, regulatory and
ethical environment for business decision making process. In addition to the relevant
statutory provisions, important case laws would be discussed under each module.

Course Objectives
The objective of this course is to
1. Give insight to various legal aspects of business so that the students are able to
interpret the provisions of some of the important laws.
2. Apply the various legal aspects of business in commercial and industrial enterprises.

Course Outcomes
On completion of this course, the students will be able to
CO1: Identify and explain the various legal aspects associated with business.
CO2: Analyse the legal issues that may arise in the business environment.
CO3: Interpret the Indian legal environment and identify the challenges regarding IPR in the
present digital era.
CO4: Interpret how law and regulations apply to business and the economy.
Blooms Number
Modules
level* of hours
Module I: Indian Contract Act, 1872
Nature and kinds of Contracts, Concepts related to offer,
Acceptance and Consideration, Principles Governing Capacity of
L1,L2,
Parties and Free Consent, Legality of Objects, Performance and 10
L4
Discharge of Contract, Breach of Contract and its Remedies, Special
contracts of Bailment and Pledge, Indemnity and Guarantee,
Contract of Agency.
Module II: Negotiable Instruments Act, 1881
Meaning of Negotiability, Negotiable Instruments –Bill of L1,
4
Exchange, Promissory Note, Cheque: crossing of cheques, L2,L4
endorsement, dishonour of cheques
Module III: Sales and Goods Act, 1930
Sale and Agreement to Sell, Hire Purchase – Pledge – Mortgage –
L1,
Hypothecation Lease. Goods – Different types of Goods, Passing of 5
L2,L4
Property in Goods, Conditions and Warranties, Doctrine of Caveat
emptor, Rights of an unpaid Seller.
Module IV: Indian Partnership Act, 1932
Meaning and definitions, Registration of partnerships, Types of
partners, Dissolution, Limited Liability Partnership Act, 1932 – L1,L2 4
Meaning & definitions, Meaning of designated partner, Registration
of LLP, Types of partners, Dissolution,
Module V: Intellectual Property Right
L1,
Intellectual Property Laws (IPR),Overview of Law & Procedure 4
L2,L6
relating to Patents, trademarks & Copyrights, Infringement
Module VI: Company Act 2013
Companies Act, 2013-Meaning and types of companies, Formation
of a company, Memorandum and Articles of Association, Share
Capital and Shareholders, Prospectus and Issue of Shares, Buy Back L1,L2 5
of Shares, Debentures, Company Meetings and Proceedings,
Powers, Duties, Liabilities of Directors and Winding up of
Company.
Module VII: The Consumer Protection Act, 1986
Definitions of consumer, complaints, goods , services, meaning of
L1,L2,L6 4
consumer dispute, complaint- unfair trade practices, restrictive trade
practices, rights of consumers, consumer redressal agencies
*Bloom’s Level: L1-Knowledge;L2-Comprehension;L3-Application; L4:Analysis;
L5:Synthesis, L6:Evaluation

Text Books
1. Kapoor N.D (2019), Elements of Mercantile Law, Sultan Chand & Sons.
2. Kuchhal MC (2018), Business Law, Vikas Publication.
3. Kumar Ravinder (2016) ,Legal Aspects of Business, Cengage Learning, Andover.
Reference Books
1. Singh, Avtar (2013), Company Law, Eastern Book Company, Lucknow.
2. Pathak Akhileshwar (2017),Legal Aspects of Business, Tata McGraw-Hill
Education.
Modes of Evaluation: Quiz/Assignment/ Seminar/Written Examination

Examination Scheme:
Components CPA TP Q/S A ME EE
Weightage (%) 5 5 5 5 10 70
ME- Mid Term Examination; A- Attendance; Q/S- Quiz/Seminar; Asn- Assignment, EE-
External Examination

CO, PO and PSO mapping

PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PSO1 PSO2 PSO3 PSO4
CO1 1 2 -- 1 2 -- -- -- -- 1 -- -- 1
CO2 1 1 -- 2 -- -- -- -- -- 1 -- -- 3
CO3 1 2 -- -- -- -- -- 1 -- 1 -- -- 2
CO4 1 1 -- 2 -- -- -- -- -- 1 -- -- 1
1: strongly related, 2: moderately related and 3: weakly related