JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD

22BBA401: BUSINESS LAWS

BBA (Data Analytics) IV Semester (R22)

Overview

Course objectives:

To understand the about Agreements and contract in business.
To understand Classification of contracts, Modes of Discharge of Contracts.
To understand the significance of the Sale of Goods Act.
To understand various provisions related to The Negotiable Instrument Act, 1881.
To know the rules related to Negotiable Instruments.

Course Outcomes:

Learn the basics of commercial contracts, rules of Consideration.
To analyze Consent & Free Consent, different types of Agreements and Contracts, different Modes of discharge of Contracts.
Learn and adopt the rules regarding the Contract of Sale.
Students would learn various provisions related to The Negotiable Instrument Act, 1881 with Amendment.
Adopt the rules related to Negotiable Instruments in Practices.

UNIT - I: Contract

Introduction to contract, sources of law, law of contracts, The Indian contract Act,1872, essential elements of valid contract (under section 10), Kinds of contract, Offer and Acceptance- meaning, communication of offer, acceptance and revocation, Consideration-need of consideration, legal rules of consideration and free consent.

UNIT - II: Discharge, Breach, Void and Quasi Contract

Discharge of contract, discharge y performance, discharge by agreement, discharge by lapse of time, discharge by operation of law, discharge by Impossibility of performance, breach of contract, remedies of breach of contract, void agreement, quasi contract, contingent contract.

UNIT - III: Contract of Sale

Contract of sale of goods, essentials of a contract of sales, Difference between sale and agreement to sell, difference between as sale and a Hire-purchase agreement, Definition of goods, contract of sales and contract for work and labour, sale and bailment, modes and forms of contract of sale, price, modes of fixing price.

UNIT - IV: Introduction to Negotiable Instruments Act

Definition of negotiable Instruments, features of a Negotiable Instruments, Promissory Note, Bills of Exchange, Cheque, Difference between a cheque and a Bill of Exchange, Difference between a cheque and a Promissory Note, Difference between Promissory note and bills of exchange.

UNIT - V: Endorsement and Crossing of cheque

Negotiable Instrument, Distinction between Negotiation and assignment, delivery in negotiation, endorsement or Indorsement, other kinds of crossing, types of cheques, consequences in case of post-dated cheques.