CS FOUNDATION BUSINESS LAW SYLLABUS

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BUSINESS LAWS (40 MARKS)

Elements of Law relating to Contract
Contract – Meaning;
Essentials of a Valid Contract;
Nature and Performance of Contract;
Termination and Discharge of Contract;
Indemnity and Guarantee;
Bailment and Pledge;
Law of Agency

Elements of Law relating to Partnership
Nature of Partnership and Similar Organisations – Co-Ownership, HUF; Partnership Deed;
Rights and Liabilities of Partners:
New Admitted,
Retiring and Deceased Partners;
Implied Authority of Partners and its Scope;
Registration of Firms;
Dissolution of Firms and Partnership

Elements of Law relating to Sale of Goods
Essentials of a Contract of Sale;
Sale Distinguished from Agreement to Sell,
Bailment,
Contract for Work and Labour and Hire-Purchase;
Conditions and Warranties;
Transfer of Title by Non-Owners;
Doctrine of Caveat Emptor;
Performance of the Contract of Sale;
Rights of Unpaid Seller

Elements of Law relating to Negotiable Instruments
Definition of a Negotiable Instrument;
Instruments Negotiable by Law and by Custom;
Types of Negotiable Instruments;
Parties to a Negotiable Instrument – Duties, Rights, Liabilities, and Discharge;
Material Alteration;
Crossing of Cheques;
Payment and Collection of Cheques and Demand Drafts;
Presumption of Law as to Negotiable Instruments

Elements of Company Law
Meaning and Nature of Company;
Promotion and Incorporation of a Company;
Familiarisation with the Concept of Board of Directors, Shareholders and Company Meetings;
Company Secretary;
E-Governance