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BUSINESS LAW

UNIT– I
Formation and essential elements of contract - Types of contract and
agreements - rules as to offer, acceptance and consideration - capacity to
contract - lawful object and face consent.

UNIT- II
Performance of contract - Discharge of contract - Breach of contract and
remedies - Quasi contract.

UNIT– III
Guarantee - features and distinctions - Bailment and pledge - features
difference - Rights and duties of bailer and Bailee.

UNIT– IV
Contract of agency - definition and meaning - Rights of Principal and
agent - relation of Principal with third parties - personal liability of agent -
termination of agency.

UNIT– V
Sale of goods Act 1930 - definition - sale vs. agreement to sell - express
and implied conditions and Caveat and exceptions - Rights of an unpaid
seller.

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