CORPORATE LEGAL FRAMEWORK · 2014-07-21 · CONTENTS Unit-I: Importance of Commercial Law – The...
Transcript of CORPORATE LEGAL FRAMEWORK · 2014-07-21 · CONTENTS Unit-I: Importance of Commercial Law – The...
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CORPORATE LEGAL FRAMEWORK
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CONTENTS
Unit-I: Importance of Commercial Law – The Indian Contracts Act, 1872 – Nature of the Act and Classification of Contracts – Essentials of a Valid Contract – Offer and Acceptance – Capacity – Consideration –Free Consent –Legality of Object –Performance of a Contract – Discharge of a Contract – Breach of a Contract and Remedies.
Unit-II: The Sales of Goods Act: Introduction to Act – Distinction Between Sales and Agreement to Sell – Conditions and Warranties – Performance of Contract of Sale –Transfer of Ownership – Rights of an Unpaid Seller. The Consumer Protection Act, 1986: Introduction to Act – Consumer Right –Machinery for Reddressal of Consumer Grievances.
Unit-III: Contract of Agency: Meaning and Nature of Agency – Kinds of Agents –Creation of Agency- Duties and Rights of Principal –Duties and Rights Agents Principal’s Liability for the Acts of the Agent- Personal Liability of Agent –Termination of Agency.
Unit – IV: The Negotiable Instruments Act, 1881 – Characteristics of Negotiable Instruments – Kinds of a Negotiable Instrument – Endorsement – Presentation of Negotiable Instrument – Discharge of a Negotiable Instrument. The Indian Partnership Act, 1932: Meaning and Essentials of Partnership- Registration – Tests of Partnership-Duties and Rights of Partners – Dissolution of Partnership.
Unit-V: The Cornpones Act, 1956-Nature and Types of Companies – Formation – Memorandum of Association – Articles of Association – Kinds of Shares – Duties of Directors – Winding up.
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