ML (BCOM 2nd)

PART-A

UNIT I (12 Hrs.)

Law of Contract: Definition and nature and types of a contract. Offer and Acceptance.

Consideration, free consent, and capacity of parties. Legality of Object. Performance and

discharge of Contract. Remedies for Breach of Contract.

UNIT II (12 Hrs.)

Introduction to Agency, Bailment, Pledge, Guarantee

PART-B

UNIT III (12 Hrs.)

Law of Sale of Goods: Definition of Sales, essentials for contract of sale. Meaning

of conditions and warranties. Implied warranties – Caveat Emptor. Transfer of Ownership.

Rights of Unpaid seller and other remedial measures.

UNIT IV (12 Hrs.)

Negotiable Instruments Act: Definition of Negotiable Instrument. Promissory note, Bill of

Exchange and cheques. Parties to negotiable instrument. Discharge of parties from liability.