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Legal Environment of Business
Legal Environment of Business
:
Semester II Sessions : 33
:
Class of 2010 Credit :3
Objective
To familiarize with the legal environment in which the business entities operate and provide
basic appreciation of relevant legal provisions and their impact on business decisions and
operations.
Detailed Syllabus
Introduction to Legal Environment
Meaning of Law – Purpose of Law – Sources of Law – Classification of Law – Torts – National
and International Law – Evolution of Mercantile / Business Law – International Business Law –
Justice Delivery System in India.
Business Contracts
• Legal Elements of Contracts – Parties – Offer – Acceptance – Conside ration
← Types of Contracts – Valid Contracts – Voidable Contracts – Breach of Contracts and
Remedies – Payment of Damages
← Contracts of Agency – Rights and Duties of Principal and Agent – Termination of
Agency
← Special Contracts – Guarantee / Indemnity / Letter of Credit / Lien / Set Off
← Important Clauses in Corporate & Commercial Agreements
Cases
Faculty will be handling eight or more cases.
← Nuisance Must Happen!
← Overseas Liability for Credit Card Issuers
← Can Advertisements Create a Contract?
← Contracts over Telephone
← But …… Minor is an Innocent!
← Identity Crisis in Contracts
← Unilateral Mistake and Blind Belief
← Stranger to Contract
← Confusion over Subject
← Claim beyond Sight
← VRS: Is It a Right of the Employee?
← Agreeing under Pressure
← Is a Bank Guarantee More than a Normal Guarantee?
← Proof of Agency: Whose Burden?
No. of
Topic
Sessions
Introduction to Legal
2
Environment
Business Contracts 6
Non-Corporate Business
2
Entities
Law Relating to 6
Corporate Business
Entities
Property Law for
5
Business
Business and Tax Laws
Financial Services –
25
Legal and Regulatory
Environment
Business Transactions
1
and Cyber Law
Competition and
2
Consumer Protection
Environment Protection
and Business 1
Obligations
Alternative Dispute
1
Resolution Mechanisms
Total 33