The Indian Contract Act , 172-Law – Meaning & objects – Mercantile Law, meaning sources of contracts – classification of contracts – essentials of a valid contract- offers,acceptance,legalityofobjectandconsideration–voidagreement.
Capacity of contracts - free consent - quasi contracts – contingent contracts -Performance of contract – discharge of contract- breach of contract – remedies for breach of contract
Special Contract : Contract of agency- kinds of agency – Rights &Liabilities of principal & agent– termination of agency -Contract of indemnity &guarantee – Rights & Liabilities of surety – Discharge of surety – Bailment – Rights &Duties of bailer & Bailee Pledge by non – owner’s pawn (or)pledge –rights of Pawnee-rights & liabilities of finder of lost goods
The Sale of Goods Act, 1930: Formation of the contract of sale- Law of sale of goods –distinction between sale and agreement to sell – conditions & warranties to sell – conditions &warranties – transfer of ownership – transfer of title by non- owners – performance of contract of sale–rights & duties of buyer–Rights of unpaid seller
Carrier goods Act- Negotiable instrument Act-Partnership act
Reference Book:
1. Gupta O.P, Mercantile Law, Sahitya Bhavan Publishing-Agra , Edition-1 1998. 2.M.C.Kuchhal, Mercantile Law ,Vikas Publishing House Pvt Ltd 6th Edition 2008 3.M.C Shukla , Mercantile Law , Sultan Chand Publishing-New Delhi- Edtion-2 , 2000. 4.Verma M.M, Mercantile Law, King Books Publishinbg- New Delhi – Edition- 1 1999
Text Book:
1.Kapoor,N.D.;ElementsofBusinessLaw, SultanChand&Sons,