Business Law

Babasaheb Bhimrao Ambedkar University · LL.B. Semester 6 · LB-605

Unit I — Sale of Goods Act, 1930

i. Definition and essentials of sale · ii. Define Goods and different kind of goods · iii. Difference between contract of Sale and agreement to sell · iv. Implied Conditions and Warranties in a contract of sale · v. Passing of property · vi. Rule of Nemo dat quod non habet and its Exceptions · vii. Performance of Contract

Unit II — Sale of Goods Act: Right of parties and remedies

i. Unpaid Seller: · ii. Meaning and Definition · iii. Rights of Unpaid Seller · iv. Rights to Lien · v. Rights to stoppage in transit · vi. Right to resale · vii. Remedies for breach of contract

Unit III — Negotiable Instruments Act 1881

i. Definition and Essential kinds of Negotiable Instruments · ii. Holder and holder in Due Course: Definition of holder and holder in due course, rights and privileges of a holder in due course of a negotiable instrument · iii. Negotiation and Assignment

Unit IV — Negotiable Instruments Act: Presentation and Liability

i. Presentation of Negotiable Instruments · ii. Crossing of Cheques · iii. Discharge from Liability · iv. Noting and Protest · v. Dishonour of Negotiable Instruments: non-acceptance, non-payment, notice of dishonour