Kolhan University, Jharkhand, General Semester 1, Business Law Syllabus

Unit I: The Indian Contract Act, 1872: General Principle of Law of contract. 
a) Contract – meaning, characteristics and kinds
b) Essentials of a valid contract – Offer and acceptance, consideration, contractual capacity, free consent, legality
of objects.
c) Void agreements
d) Discharge of contract- mode of discharge including breach and its remedies.
e) Contingent contracts
f) Quasi –contracts

Unit II: The Indian Contract Act, 1872: Specific Contract 
a) Contract of Indemnity and Guarantee
b) Contract of Bailment
c) Contract of Agency

Unit III: The Sale of Goods Act, 1930 
a) Contract of sale, meaning and difference between sale and agreement to sell.
b) Conditions and warranties
c) Transfer of ownership in goods including sale by non-owners
d) Performance of contract of sale
e) Unpaid seller – meaning and rights of an unpaid seller against the goods and the buyer.

Unit IV: Partnership Laws 
A) The Partnership Act,1932
a. Nature and Characteristics of Partnership
b. Registration of Firms
c. Types of Partners
d. Rights and duties of Partners
e. Implied Authority of a Partner
f. Mode of Dissolution of Partnerships
B) The Limited Liability Partnership Act,2008 (an overview), Comparative Analysis with Partnership Act, 1932

Unit V: The Negotiable Instruments Act 1881 
a) Meaning and Characteristics of Negotiable Instruments: Promissory Note, Bill of Exchange,Cheque
b) Holder and Holder in due Course, Privileges of Holder in Due Course.
c) Negotiation: Types of Endorsements
d) Crossing of Cheque
e) Bouncing/Dishonour of Cheques