We have the BBS 3rd Year Business Law Syllabus. Business Law means corporate laws, which are very important for students. Before starting a job or their own startup, students must know business law. It is very important for solving the business related propblem.
BBS 3rd Year Business Law Syllabus
Following are the BBS 3rd Year Business Law Syllabus:
MGT 204: Business Law
Full Marks: 100 Lecture Hours: 150 Pass Marks: 35
Course Objectives
This course aims to impart the basic knowledge on legal aspects of business to the students so as to provide them with basic understandings of the fundamental concept, principles, and Legal frameworks of business to enhance their knowledge and managerial capabilities, and apply them in the practical field to resolve complex issues and for effective management of business operations. This course familiarizes students with the relevant provisions of various laws influencing business organizations and helps them resolve legal issues in business.
Learning Outcomes
Upon successful completion of this course, students will be able to:
- Familiarize with the concept and nature of law, business laws, and sources of business law, and its importance in the Nepalese and global context.
- Understand fundamental concepts, principles, and Legal frameworks of Business laws.
- Have an understanding of the incorporation, operation, and termination of a company, voluntarily and compulsorily.
- Understand the system of dispute settlement (competent court system and alternative system – particularly Arbitration).
- Develop competencies to understand the problem and resolve the issues related to the business laws.
Unit 1: Introduction to Law and Business Law 10 LHs
Contents:
- Concept, Nature, and characteristic of law.
- Classification and sources of law; Meaning, characteristics,s and sources of Nepalese Business Law.
- Changing dimensions of Nepalese Business Law and Constitutional provisions.
Unit 2: The Law of Contract and other Liabilities 30 LHs
Contents:
- Meaning, Nature and definition of contract.
- Essential elements of a valid contract: Meaning and Rules regarding offer.
- Revocation or lapse of offer; Meaning and rules regarding acceptance.
- Communication of offer and acceptance; Meaning and Rules regarding consideration.
- Concept and importance of free consent; Flaws of free consent and legal effects of contract caused bythe flaws; coercion, undue influence, misrepresentation, fraud, mistake.
- Concept and importance of legality of objective and consideration- unlawful agreements and void agreements.
- Meaning and definition of contingent contract; Rules regarding contingent contract and distinguishing from wagering agreement.
- Meaning, essentials, importance, and types of performance of contract; Rules regarding performance of contract.
- Meaning of termination of contract; Modes of termination of contract; Meaning and types of breach of contract; Remedies for breach of contract.
- Major provisions of Contract and other Liabilities under the Muluki Dewani Samhita, 2074; Provisions of other obligations in brief- Lease Contract.
- Hire-purchase Contract; Quasi contract; Unjust Enrichment; Concept of Torts.
Unit 3: Contract of Bailment and Pledge 10 LHs
Contents
- Bailment: meaning and concept, rights and duties of Bailor and Bailee.
- Finder of lost goods (rights and duties of the finder of lost goods).
- Meaning of pledge of pawn.
- Distinction between bailment and pledge; rights and duties of pawned and Pawnee.
- Pledge by a non-owner.
Unit 4: Contract of Sale of Goods 15 LHs
Contents
- Meaning and nature of the contract of sale of goods.
- Difference between sale and agreement to sell.
- Condition and warranty; Doctrine of caveat emptor.
- Transfer of ownership; Transfer of title by non- owner.
- Rights and duties of the unpaid seller; Buyer’s remedies.
Unit 5: Contract of Agency 15 LHs
Contents:
- Meaning and general rules of agency.
- Modes of creating agency; Types of agent; Rights and duties of agent.
- Personal Responsibility of the agent.
- Rights and duties of the principal.
- Delegation of authority; Sub-agent and substituted agent; Termination of agency.
- Procedure of registration and effect of non-registration of an agency in Nepal (under the Agency Act, 2014).
Unit 6: Contract of Carriage 20 LHs
Contents
- Meaning and nature of the contract of carriage.
- Characteristics of a common carrier.
- The difference between a common and a private carrier.
- Rights, duties, and liabilities of a common carrier.
- Carriage by land; Carriage by Sea: contract of Affreightment, charter party, and bill of lading.
- Incoterms- 2020; Carriage by Air.
Unit 7: Contract of Indemnity and Guarantee 10 LHs
Contents
- Meaning of contract of indemnity- Rights and duties of indemnifier and indemnity holder.
- Meaning and nature of contract of guarantee- Types of guarantee.
- Difference between 29 indemnity and guarantee.
- Rights, duties, and liabilities of surety.
- Discharge of surety from liability.
Unit 8: Law of Company and Insolvency 10 LHs
Contents:
- Meaning, nature, and incorporation of the company.
- Legal importance and formalities of annual general meetings.
- Minutes and resolutions of a company.
- Legal provision regarding the BoD’s report.
- Appointment and removal of an auditor; Insolvency of a company.
- Nepalese law of insolvency and features of the Insolvency Act, 2063.
Unit 9: Dispute Settlement Systems 10 LHs
Contents
- The Court System: The Civil Procedure in Nepal.
- Meaning, features, and importance of arbitration.
- Appointment of arbitrators; Power and function of arbitrators; Disputes to be settled by arbitration.
- Major provisions of the Nepal Arbitration Act, 2055.
Unit 10: Law of Intellectual Property 20 LHs
- Concept and Nature of Intellectual Property Rights.
- Copyrights Act, 2059, and its major provisions.
- Patent, Design and Trademark Act, 2022, and its major provisions.
- Trade Related Aspects of Intellectual Property Rights (TRIPs).
- Industrial Enterprises Act, 2074, and its major Provisions.
- Foreign Investment and Technology Transfer Act (FITTA), 2075, and its major provisions.
Suggested Readings
- Albuquerque, D Paniel (2013).Legal Aspects of Business (Texts, Jurisprudence and Cases), Oxford University Press, New Delhi.
- Agency Act (2014). Law Book Management Committee, Kathmandu.
- Arbitration Act (2055). Law Book Management Committee, Kathmandu.
- Company Act, 2063, Law Book Management Committee, Kathmandu.
- Copyright Act, 2059, Law Book Management Committee, Kathmandu.
- Foreign Investment and Transfer of Technology Act, 2015, Law Book Management Committee, Kathmandu.
- Industrial Enterprise Act, 2073, Law Book Management Committee, Kathmandu.
- Insolvency Act, 2063, Law Book Management Committee, Kathmandu.
- Kalika, S. N. (2018). Principles of Business Law (7th Ed.), Buddha Publication, Kathmandu.
- Muluki Dewani Sanhita, 2074, Law Book Management Committee, Kathmandu.
- Nepal Bar Council Law Journal, Nepal Bar Council, Lalitpur, Nepal. Nepal Law Review, Faculty of Law, Nepal Law Campus, Tribhuvan University, Kathmandu, Nepal.
- Patent, Design and Trademark Act, 2022, Law Book Management Committee, Kathmandu.
- Shukla, M.C., Mercantile Law, S.Chand & Company Ltd, New Delhi.
Hence, these are the BBS 3rd Year Business Law Syllabus.
Other Important Links
a. BBS 3rd year all subjects notes: CLICK HERE.
b. BBS 3rd year all subject Syllabus: CLICK HERE.
Other Subject Syllabus: