Page 4 - DMGT102_MERCANTILE_LAWS_I

SYLLABUS
Mercantile Laws-I

Objectives: To teach the fundamentals of contract and related Acts and laws related to partnership, negotiable instruments and
insurance contracts.

Sr. No. Content

1 Law of Contract: Definition, Nature and Classification of Contracts.

2 Offer and Acceptance, Consideration.

3 Capacity to Contract, Free Consent

4 Discharge of Contract, Remedies for breach of contract and Quasi Contracts.

5 Indemnity and Guarantee, Bailment and Pledge

6 Agency- its creation, Personal Liability ofAgent, Sub Agent and Substituted Agent,

Termination of Agency.

7 Law of Partnership: Definition an Nature, Registration of firm, Rights and Duties of

apartner, types of partners, and dissolution of firm, Limited Liability Partnership.

8 Law of Sale of Goods: Sale of Goods, Conditions and Warranties.

9 Transfer of Ownership, Rights of Unpaid Seller.

10 Negotiable Instrument Act-Definition, Types, Parties, Dishonour of negotiable

instrument and Crossing of cheque, Bouncing of cheque.