Course Contents

1. Contract and its kinds: Introduction, definition, essentials, kinds, and the difference among types of contract. 2. Offers and Acceptance: Definition, Essentials and termination of offer and acceptance. Effect of losing letter of acceptance. 3. Consideration and Object: Definition, essentials, and exceptions of consideration. Doctrine of privity of contract, Unlawful consideration and objects. 4. Capacity of Parties: Minor, persons of unsound mind, Disqualified persons. 5. Free Consent: Introduction, and definition of consent and free consent. Definition and effects of Coercion, undue influence, Misrepresentation, Fraud, Mistake. 6. Discharge of Contract: Discharge by performance, Discharge by agreement, Discharge by subsequent impossibility, Discharge by lapse of time, Discharge by operation of law, Discharge by breach of contract. 7. Indemnity and Guarantee: Contract of Indemnity, Contract of Guarantee, Kinds of Guarantee, Rights of Surety, Discharge of Surety from Liability. 8. Bailment and Pledge: Contract of Bailment, Pledge or Pawn 9. Contract of Agency: Agent and Principal, Essentials of Agency, Kinds of Agents, Creation of Agency, Duties of Agent, Rights of Agent , Rights of Principal, Termination of Agency 10. Contract of Sale of Goods: Definition, and Essentials of sales of good, Distinction between sale & agreement to sale, kinds of good, effect of perishing of goods, fixation of price. 11. Conditions and Warranties: Definition and distinction of conditions and warranty, express and implied conditions and warranty. 12. Transfer of Property: Rules of Transfer of Property, transfer of title by non- owner. 13. Rights of Unpaid Seller: Definition, features and rights of unpaid seller. Buyer's rights against seller. Auction sale. 14. Negotiable Instruments: Nature of Negotiable Instruments, Definitions of Parties of Negotiable Instruments, Presentation of Negotiable Instruments, Definition of negotiation, Assignment and Endorsement, Dishonor of Negotiable Instruments by Non-Acceptence and Non- Payment.

Course Synopsis

The objective of this course is to provide the students a background about important aspects of law, and keep them informed regarding changes and developments in the law.

Course Learning Outcomes

Upon completion of this course, the student will acquire the knowledge and understanding of: • The legal environment in which businesses operate in the domestic market place. • The nature and impact of certain rules and regulations by analyzing the cases referred to the recommended books/sources.