This foundational course introduces B.Com. students to the essential legal principles governing business operations in India. It aims to equip future business professionals with a practical understanding of key commercial laws necessary for decision-making and compliance.
The curriculum covers fundamental concepts of the Indian Contract Act, 1872, including offer, acceptance, consideration, and remedies for breach. It also delves into the basics of the Sale of Goods Act, 1930, covering conditions, warranties, and transfer of property. Further topics include an introduction to the Negotiable Instruments Act, 1881 (Cheques, Promissory Notes), and aspects of Company Law, focusing on the formation, management, and winding-up of companies. The class emphasizes case studies and practical scenarios to illustrate the application of law in a business context, ensuring students can navigate legal challenges effectively.
This class is designed for students who aspire to develop a strong foundation in legal studies and polity. It aims to introduce learners to the core principles of law, ensuring that they gain conceptual clarity about the nature, purpose, and functioning of legal systems. Special emphasis will be placed on helping students understand how laws are framed and implemented within the framework of the Indian Constitution, thereby offering a broader understanding of governance and public policy.
In addition to theoretical knowledge, the course will also include practical exposure to the concepts of business laws and commercial laws. Students will study important legislations governing trade, contracts, corporate functioning, and consumer protection. Key statutory provisions under relevant acts will be discussed and analyzed through illustrative case studies to help students relate legal principles to real-world situations.