LEGAL ASPECT OF BUSINESS

The Indian Contract Act 1872: Meaning and Essentials of contract; Kinds of contract-Based on: validity, formation & performance, law relating to offer and acceptance & characteristics of consideration,

Competency to contract, free consent, Void agreements, performance of contracts: meaning, modes of performance, persons entitled to demand performance, discharge of contracts, breach of contracts.

Special contracts: contract of indemnity: meaning, valid essentials, rights of indemnifier and indemnity holder. Contract of guarantee: Meaning, valid essentials, kinds of guarantee. Bailment-features and types of bailment and Agency-concept, types of agency.

The Companies Act 2013:Meaning, types, Incorporation, Memorandum & Articles of association, privileges given to independent private company, Memorandum of Association and its contents. Doctrine of Ultra vires, Articles of associations: features, contents of articles of public limited company ,position of directors

Sale of Goods Act 1930, Consumer Protection Act 1986: Sale of Goods Act 1930: Sale and agreement to sell, rights of unpaid seller. Consumer Protection Act 1986: Objectives, Consumer protection councils, dispute redressal agencies , district forum, state commission, central commission, differences, rights of consumers.