Description

Minor

Business Law – I

(The Indian Contract Act 1872)

 

FYBCOM Semester II

 

As Per NEP 2020
(w.e.f. the Academic Year 2024-25)

 

Syllabus

 

Module 1 : Indian Contract Act – 1872 : Part – I (15 Hours)
♦ Contract – Definition of Contract and Agreement, Essentials of Valid Contract, Classification of Contracts
♦ Offer and Acceptance – Rules of Valid Offer and Acceptance, Types of Offer, Distinguish Between Offer and Invitation to Offer and Revocation of Offer and Acceptance (Sec. 3, 5)
♦ Capacity to Contract (S. 10-12) – Minor, Unsound Mind, Disqualified Persons
♦ Consideration (S. 2 & 25) – Concept and Legal Rules of Consideration, Exceptions to the Rule, ‘No Consideration No Contract’ (S. 25), Unlawful Consideration (S. 23)
PEDAGOGICAL APPROACH : Lecture Method, Case Studies, Assignment

Module 2 : Indian Contract Act – 1872 : Part – II (15 Hours)
♦ Consent (Ss.13, 14-18, 39-53, 55, 66) – Agreements in which Consent is Not Free – Coercion, Undue Influence, Misrepresentation Fraud, Mistake
♦ Void Agreements (S. 24-30) – Concept, Void Agreements Under Indian Contract Act
♦ Contingent Contract (S. 31), Quasi Contract (S. 68-72), Concept of E-Contract & Legal Issues in Formation and Discharge of E-Contract. Concept of Performance of Contract (S. 37)
♦ Modes of Discharge of Contract, Remedies on Breach of Contract (73-75)
PEDAGOGICAL APPROACH : Lecture Method, Case Studies