Legal Framework of Business ( Credit 3 )
Course Objectives
This course provides with the depth exposure of basic concepts and procedural requirements of business law in the national as well as international context with specific focus on law of contract, law of sale of goods, law of partnership, and law of negotiable instruments.
Course Details
Unit I: Introduction
Meaning, nature, and scope of legal environment of business; meaning, classification, and sources of business law (substantive and procedural); the legal system in Nepali and international context.
Unit II: Law of Contract
Nature and kinds of contract; offer and acceptance; consideration; capacity of parties; free consent; legality of object and considerations; void agreements; contingent contracts; performance of contracts; discharge of contract; quasi-contract; remedies for breach of contract; indemnity and guarantee; bailment and pledge; agency.
Unit III: Law of Sale of Goods
Contract of sale of goods; conditions and warranties; transfer of property; performance of contract of sale; remedial measures.
Unit IV: Law of Partnership
Meaning, definition, and nature of partnerships; formation of partnerships; rights, duties, and liabilities of partners; dissolution of partnership firm.
Unit V: Law of Negotiable Instruments
Negotiable instruments; parties to negotiable instruments; presentation of negotiable instruments; negotiation of negotiable instruments; dishonor and discharge of negotiable instruments; banker and customer.
References
Kuchhal, M. C. (2004). Business Law. (3rd ed.). Vikash Publishing House: New Delhi.