Unit I
Law of Contract: Introduction, kinds of contracts, offer and acceptance, consideration, capacity of
parties, free consent, legality of object, performance and discharge of contract remedies for breach
of contract, introduction to the concept of agent and different types of mercantile agents, bailment
and pledge, indemnity and guarantee.
Unit II
Sale of Goods Act: Introduction, formation of contract, condition and warranties, difference
between transfer of property and possession, right of an unpaid seller, performance of contract of
sales.
Unit III
Negotiable Instrument: Introduction, bills of exchange, promissory note, cheque, parties of
negotiable instrument, negotiation, presentation, discharge and dishonor of negotiable instrument
rules of evidence, banker and drawer.
Unit IV
Law of Partnership: Introduction, formation, rights duties, liabilities of partners, dissolution of
partnership firm, limited liability partnership. Salient Features of RTI Act, Consumer Protection
Act 1986: objectives features ,structure