Faculty Name Prof. Ranjul Rastogi Designation/Dept.

Professor/SOB
Course Name Legal Aspects of Course Code MBDS5007
Business

Step 0: At the end of the course, the students will be able to:

CO 1: Interpret the basic legal concepts of Indian contract law required to run business effectively
(K3)
CO2 Appraise the different laws related to bailment, indemnity, Guarantee and sales of goods and
imply those in case of condition and warranty (K4)
CO 3: Apply the partnership principles in case of starting, registering and dissolving the
partnership firm (K3)
CO 4: Relate the concept of Companies Act in formation and winding-up of companies in an
Indian organizational context to brief about the functioning of the company. (K3)
CO 5: Explain other laws relevant to business like negotiable instruments and IPR.

Step 1: Preparation of Course Outcome (COs) assessment table:

Cos Knowledge Assessment tools

level
CAT End semester Quiz Target
exam
1 2

1 K3 60 20 10 2

2 K4 40 20 2

3 K3 50 20 5 2

4 K3 50 20 2

5 K2 20 5 2

Total 100 100 100 20

It is seen that efforts are to be taken to achieve the following level of knowledge i.e., K2, K3 &
K4 through this course. (K1-Remembering, K2-Understanding, K3-Applying, K4-Analyzing,
K5-Evaluating, K6-Creating)

PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8

CO1 1 3
CO2 3 2
CO3 3
CO4 3
CO5 1 2

Average 1 3 2

Step 2: Course outcomes (COs) and Program Outcome Mapping (Wrong)

COs PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8

CO1 L S

CO2 S M

CO3 S

CO4 S

CO5 L M

Step 3: Topic with lesson plan with outcome based focus:

 Lesson Plan of Legal Aspects of Business ( MBDS 5007)

Note: Teaching Methodology (Lecture, discussion, quiz, Assignment, Case Laws, tutorial)

Quizzes/Assignment/Project:

Quiz
This is an individual assessment component of evaluation consisting of conceptual, theoretical
and numerical multiple choice questions. There will be two quizzes and the students will be
graded from these two quizzes.

Assignment/Case Study

The student will be expected to submit the case analysis on the Case study/ Assignment.

Books/Journals and Websites

RECOMMENDED TEXT BOOK AUTHOR & PUBLICATION

Business Law Tejpal Seth, 2th Edition, Pearson Education,
New Delhi.
SUPPLEMENTARY READINGS
Mercantile Law Gogna P.P.S, 14th Edition, S. Chand&
company Ltd, New Delhi.
Legal Aspects of Business Pathak Akhileshwar, 14th Edition, Mcgraw
Hill Education, Delhi.
Business Law Kuchhal M.C, Vikas Publishing House.
Mercantile Law Gulshan S.S, 3rd Edition, Excel Books, Delhi.
Business Law Tulsian P.C, Mcgraw Hill, New Delhi.
Business Law Mathur S.B, Tata Mcgraw Hill, New Delhi.
Mercantile Law Kapoor ND, 5th Edition, Sultan Chand .

Course Outline (session-wise):

S.N. Topic proposed to be covered CO Achievement

Module I: Indian Contract Act 1872
The purpose of this module is to acquaint students with basic concepts of Contract, essentials
of Indian contract law, Performance of contract, Discharge of contract, Remedies for breach of
contract, bailment &Pledge.

1 Definition of Contract, Difference Between Text Book, Chapters 1 CO1

contract and agreement, Classification of P.P.S Gogna, Section-
contracts. A,Part-1,Ch-2
2 Essential Elements of Contract, Offer , Text Book, Chapters 2; CO1
Essentials of valid offer P.P.S Gogna, Section-
A,Part-1,Ch-2
3 Types of offer, Acceptance Essentials of Text Book, Chapters 2; CO1
valid acceptance Revocation of offer and P.P.S Gogna,Section-
Acceptance A,Part-1,Ch-&3
4 Case Law- Carlil v. Carbolic smoke ball Text Book, Chapters 6; CO1
co., Performance of contract, Parties of P.P.S Gogna Section-
performance of contract, A,Part-1,Ch-14
5 Doctrine of frustration and its exceptions, Text Book, Chapters 7; CO1
Discharge of contract ,types of discharge of P.P.S Gogna, Section-
contract, A,Part-1,Ch-15
6 Difference between different terms, Text Book, Chapters 8; CO1
Remedies for breach of contracts, types of P.P.S Gogna, Section-
sue, A,Part-1,Ch-16
7 Case Law-Hadley v. Baxendale , Text Book, Chapters 10; CO1
P.P.S Gogna, Section-
A,Part-1,Ch-19

Module II: Bailment, Indemnity & guarantee and Sales of Goods Act 1930
The focus of this module is on concept of sales of goods, Meaning of Goods, condition and
warranty ,Rights of unpaid seller, Applicability of Doctrine of caveat Emptor
8 Concept of Bailment ,Essentials of valid Text Book, Chapters 10; CO2
bailment,Rights of Bailor and Bailee, Duties P.P.S Gogna, Section-
of Bailor and Bailee A,Part-1,Ch-19
Concept of Pledge,
9 Concept of Indemnity & Guarantee, Text Book, Chapters 10; CO2
P.P.S Gogna, Section-
A,Part-1,Ch-18
10 Essentials of Valid Guarantee, Types of Text Book, Chapters 10; CO2
Guarantee, P.P.S Gogna, Section-
A,Part-1,Ch-18
11 Rights and duties of Surety and Principle Text Book, Chapters 10; CO2
Debtor, Revocation of Guarantee P.P.S Gogna, Section-
A,Part-1,Ch-18
12 Definition, Essentials of Valid Sales, Text Book, Chapters 13; CO 2
Difference between sale and Agreement to P.P.S Gogna, Section-
sell, Types of goods, Price of goods. A,Part-II,Ch-24
13 Condition and Warranty, Text Book, Chapters 13 & CO 2
2; P.P.S Gogna, Section-
A,Part-II,Ch-25
14 Implied conditions and Implied warranties CO 2
15 Distinguish between condition and Text Book, Chapters 13; CO 2
warranty, Transfer of Goods Doctrine of P.P.S Gogna, Section-
Caveat Emptor, A,Part-II,Ch-28
Quiz 1 & CAT 1
Module III: Partnership Act 1932
The focus of this module to define the concept of Partnership ,Types of Partnership ,Different
rights and duties of Partners, Registration of Partnership ,What are the effects of non-
registration of partnership firm ,dissolution of firm.
16 Definitions of firm, Partner, Partnership, Text Book, Chapter 12; CO3
Types of Partnership, Position of Minor as a P.P.S Gogna, Section-
Partner in partnership A,Part-III,Ch-31&33
17 Rights of Partners ,Duties of Partners, Text Book, Chapters 12; CO3
Partnership Deed, Registration of P.P.S Gogna, Section-
Partnership Firm, Process of registration, A,Part-III,Ch-32
Alteration in Partnership Deed, Role of
Registrar
18 Effect of Non-registration of Partnership Text Book, Chapters 12; CO3
Firm, Dissolution of partnership firm, P.P.S Gogna, Section-
Difference Between dissolution of firm or A,Part-III,Ch-32 &36
dissolution of partnership
Module IV: Companies Act 2013
This module discusses about Formation of companies, Types of companies, Articles,
Memorandum, Prospectus, Meeting Winding –up of companies,
19 Definitions, Characteristics of company, Text Book, Chapters 18&19 CO4
20 Kinds of Companies, Difference between Text Book, Chapters 18&19 CO4
Public and Private Companies
21 Memorandum of company, its contents, CO4
Alteration of MOA
22 Article of Association ,Its contents, Text Book, Chapters 18 CO4
Alteration in AOA, Difference between &19
AOA and MOA, Doctrine of Ultra-Vires,
23 Doctrine of Constructive Notice and Indoor Text Book, Chapters 18 CO4
Management, &19
24 Share and types, Debentures and types of Text Book, Chapters 20&22 CO4
debenture and share capital,
25 Winding-Up of Company ,mode of Text Book, Chapters 23 CO4
winding-up and its process,
Quiz 2 CAT 2
Module V: Negotiable Instrument Act 1881 & IPR
The focus of this module is on different types of Negotiable Instruments Parties of Negotiable
instruments and meaning of property and protection of property i.e, copyright and trademark.
26 Definitions and Essentials of Negotiable Text Book, Chapters 14; CO5
Instrument, Presumptions about Negotiable P.P.S Gogna, Section-
Instruments,. A,Part-IV,Ch-37&38
27 Kinds of Negotiable Instruments, Text Book, Chapters 14; CO5
Classification of Negotiable Instruments P.P.S Gogna, Section-
A,Part-IV,Ch-38
28 Protecting the property of Business- Law related to intellectual CO5
Meaning of property Property Right by M K
 Bhandari, Central Law
Publications, 2015
29 Law related to intellectual CO5
Property Right by M K
Copyright &Trademark
Bhandari, Central Law
Publications, 2015
30 Law related to intellectual CO5
Property Right by M K
Patent
Bhandari, Central Law
Publications, 2015
ETE

Students’ Interaction Time

[Each faculty member teaching this course for one Section needs to mention 2 hours towards
students’ interaction time per week between Mondays – Friday. If anyone teaches more than one
Section, accordingly he/she needs to clearly mention students’ interaction time in the detailed
course outline.]

Ranjul Rastogi

Sign of course faculty