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1 SRM INSTITUTE OF SCIENCE AND HUMANITIES FACULTY OF SCIENCE AND HUMANITIES DEPARTMENT OF CORPORATE SECRETARYSHIP AND ACCOUNTING & FINANCE LESSON PLAN ODD SEMESTER Class: II B.Com Corporate Secretaryship Subject handled by Dr.K.Selvasundaram Associate Professor and Head Part 3 II Year Third Semester Core Paper - 7 L T P LTP C UCC15302 BUSINESS LAWS Maximum: 100 marks (Internal: 50 marks; External: 50 marks) OBJECTIVES To understand the concepts of business law To understand the procedure of application of the business law in various aspects UNIT I - INTRODUCTION TO INDIAN CONTRACT ACT Indian Contract Act- formation-terms of contract-forms of contract-offer and acceptance - Considerations I Indian Contract Act II Meaning and Definition III Types of contracts IV Essentials of the contract V Forms of the contract I Meaning of offer and its types II Definition of the acceptance and conditions III Meaning and Definitions Considerations IV Types of Considerations V No contract and no considerations I Revision II Revision III Revision UNIT II - BREACH OF CONTRACT Capacity-Free consent, Void and Voidable agreements Illegal agreements - Performance - Tender-Quasi contract-discharge-remedies for breach of contract

2 IV Capacity of persons V Consent of the parities I Void and Voidable contracts II Agreements and its types III Illegal Agreements IV Performance of the contract V Tender and its conditions and types I Quasi contracts II Discharge of the contracts III Remedies to the contract for the breach of the contract IV Remedies available for aggrieved persons V Modes of discharge of the contract I REVISION II REVISION III CYCLE TEST I IV CYCLE TEST I V CYCLE TEST I UNIT III - BAILMENT AND PLEDGE Bailment Meaning and Definition - Rights and Duties - Pledge Difference Between Bailment and Pledge - Indemnity and Guarantee I Definition and meaning of the bailment II Requisites for bailment III Persons involved in bailment IV Rights of the Bailer and Bailee V Duties of the bailer and bailee I Definition and meaning of pledge II Difference between bailment and pledge III Rights and duties of pawnor and pawnee IV Meaning and definitions of the contract of indemnity V Meaning and definitions of the contract of the guarantee I Difference between the Indemnity and contract II Persons involved in the indemnity and contract UNIT IV - CONTRACT OF AGENCY Contract of Agency- Types -Creation-Duties and Rights of principal and agent Termination of agency.

3 S.NO DATE DAY DESCRIPTION III Definition and Meaning of the contract of agency IV Modes of the creation of the agency relationships V Types of agents I Rights and Duties of the agents II Principal and Agents III Termination of the agency IV Sub agent V Substituted agent I REVISION II REVISION III CYCLE TEST II IV CYCLE TEST II V CYCLE TEST II UNIT- V SALE OF GOODS ACT Sale of Goods Act- Sale or agreement to sell-formation-caveat emptor-implied conditions and warranty-rights of unpaid seller. S.NO DATE DAY DESCRIPTION I Sale of goods act II Sale of goods act III Sale and agreement to sell IV Formation of the sale of goods of act V Caveat emptor I Implied conditions II Bases for the conditions III Warranties and its meaning and definition IV Definition of the unpaid seller V Rights of the unpaid seller I REVISION II REVISION III REVISION IV REVISION V MODEL EXAMINATION I MODEL EXAMINATION II MODEL EXAMINATION III MODEL EXAMINATION

4 IV MODEL EXAMINATION V MODEL EXAMINATION TEXT BOOKS Kapoor, N D (2010), Business Laws, Sultan Chand and Sons, New Delhi.(all the 5 units) Sreenivasan, M R (2012) Business Law, Margham Publications, Chennai. REFERENCES Dhandapani, M V, Business Laws, Sultan Chand and Sons, New Delhi. Pillai R S N, Bussiness Laws, S Chand, New Delhi Gofna, Mercantile Law, S Chand, New Delhi. QUESTION PAPER PATTERN UNIT BASED EXAMINATION PART A PART - B TOTAL MARKS CYCLE TEST I - Unit I and II II Unit III and IV MODEL EXAMINATION Full Syllabus SEMESTER EXAMINATION Full Syllabus 9 Questions Equally Distributed - all to be answered and each carries 10 Questions Equally Distributed Each carries 10 Questions Equally Distributed Each carries 2 Questions 2 Pattern Each Carries 16 marks 5 Questions 2 All Questions carry 16 Marks each 5 Questions 2 All Questions carry 16 Marks each Part A 18 Marks and Part B 32 Marks Total Marks 50 Marks Part A 20 Marks and Part B 80 Marks Total Marks 100 Marks Part A 20 Marks and Part B 80 Marks Total Marks 100 Marks EVALUATION AND MARKS Internal Examination 40 Marks Cycle Test I Marks obtained for 50 will be converted to 10 Cycle Test II Marks obtained for 50 will be converted to 10 Model Examination Marks obtained for 100 will be converted to 20 Assignment 5 Marks 5 Marks will be awarded for Assignment/Project/Seminar/Class Work Maintenance Attendance 5 Marks Attendance Marks is as 95% and More Attendance 5 Marks 90% to 94.99% - 4 Marks 85% to 89.99% - 3 Marks

5 80% to 84.99% - 2 Marks 75% to 79.99% - 1 Mark Less than 75% - Nil External Examination 50 Marks Examination will be conducted at the end of the Semester marks Obtained for 100 will be converted to 50. Qualification to Higher Semester and Passing Criteria Student must appear for minimum of Three Subjects in the Current Semester to qualify for higher semester failure will lead to detention in the present semester Passing minimum is 50% in End Semester (External) Examination and 50% Overall (Internal and External) *** Students securing less than 75% Attendance in the semester will be detained in the semester and they have to redo the semester in the forthcoming Academic Year on payment of fees as prescribed by the University