P.R.GOVT. COLLEGE (AUTONOMOUS) KAKINADA B.COM III YEAR RCCS -(TM&EM) – – SYLLABUS: V SEMESTER EXAMINATIONS COURSE: MERCANTILE AND INDUSTRIAL LAW W.e.f. 2015 -16 ACADEMIC YEAR Hours: 5 Hrs. (3 Lectures + 2 Tutorials) Max. Marks: 100 (70+30) CREDITS UNDER CBCS SYSTEM: 3 (Theory) Objectives: 1. To make the students learn the basics of business laws 2. To make the students to apply basics of business laws in real life situations. MODULE I : CONTRACT ACT – Agreement and Contract: Definition and meaning - Essentials of a valid contract types of contracts. – Offer and Acceptance: Definition Essentials of a valid offer and – acceptance communication and revocation of offer and acceptance. – MODULE : CONSIDERATION AND CONSENT –II Consideration: Definition and importance Essentials of valid – consideration the Doctrines of to and – ‘Stranger Contract’ ‘No Consideration No Capacity to contract special rules – Contract’ – – regarding minor’s agreements. Consent: Free Consent Flaw in Consent: Coercion Undue influence – – Fraud Misrepresentation and Mistake. – – MODULE III : DISCHARGE OF A CONTRACT – Legality of object and consideration:– illegal and immoral agreements agreements opposed to public policy. – Agreements expressly declared to be void wagering agreements and – contingent contracts. Discharge of a contract various modes of discharge of a contract – – performance of contracts. Breach of a contract types remedies for breach of a contract – –
P.R.GOVT. COLLEGE (AUTONOMOUS) KAKINADA B.COM – III YEAR – RCCS -(TM&EM) SYLLABUS: V SEMESTER EXAMINATIONS COURSE: MERCANTILE AND INDUSTRIAL LAW W.e.f. 2015 -16 ACADEMIC YEAR Hours: 5 Hrs. (3 Lectures + 2 Tutorials) Max. Marks: 100 (70+30) CREDITS UNDER CBCS SYSTEM: 3 (Theory) Objectives: 1. To make the students learn the basics of business laws 2. To make the students to apply basics of business laws in real life situations. MODULE – I : CONTRACT ACT Agreement and Contract: Definition and meaning - Essentials of a valid contract – types of contracts. Offer and Acceptance: Definition – Essentials of a valid offer and acceptance – communication and revocation of offer and acceptance. MODULE –II : CONSIDERATION AND CONSENT Consideration: Definition and importance – Essentials of valid consideration – the Doctrines of ‘Stranger to Contract’ and ‘No Consideration – No Contract’ – Capacity to contract – special rules regarding minor’s agreements. Consent: Free Consent – Flaw in Consent: Coercion – Undue influence – Fraud – Misrepresentation and Mistake. MODULE – III : DISCHARGE OF A CONTRACT Legality of object and consideration:– illegal and immoral agreements – agreements opposed to public policy. Agreements expressly declared to be void – wagering agreements and contingent contracts. Discharge of a contract – various modes of discharge of a contract – performance of contracts. Breach of a contract – types – remedies for breach of a contract