Business law also called commercial law or mercantile law; is the body of rules, whether by convention, agreement, or national or international legislation; governing the dealings between persons and/or entities in commercial matters. Business law encompasses the law governing contracts, sales, commercial paper, agency and employment law, business organizations, property, and bailments. Other popular areas include insurance, wills, estate planning, and consumer and creditor protection. Business law may include issues such as starting, selling, or buying a small business, managing a business, dealing with employees, or dealing with contracts, among others. Business law study is crucial to all business careers, whether in accounting, finance, management, HR, marketing, property, or entrepreneurship. Business Law complements other business majors as well. For example, accounting and finance students will be enriched regarding law governing financial markets and investments, marketing students can find it useful to learn about marketing law and intellectual property law.

Lecture and Exam Plan (Business Law)

Week

Chapter

Major Content

Weekly class Assignment

Recommended Books

1-2

1- Introduction to Business Law

 

Definition of Business Law, Scope of Business Law, Aspects and functions of Business Law, Limitation of Business Law.

Importance of Business Law.  Contract, Types of Contracts, Characteristic of Valid and Void contract

Case Studies Relevant to different types of contracts

 

1- Business Law by Khalid Mehmood Cheema.

2- Business Law_ CA and ACCA notes by Atif Abidi

 

3-4

1- Introduction to Business Law

2- Offer and Acceptance

Difference between valid and void contract, concept of Minor, Agreement, Offer, Characteristic of Valid Offer and Valid Acceptance.

Case Studies Relevant to Valid Offer and Acceptance

 

1- Business Law by Khalid Mehmood Cheema.

2- Business Law_ CA and ACCA notes by Atif Abidi

 

5-6

1- Offer And Acceptance

2- Capacities of Parties

 

Difference between valid offer and acceptance, Competent to contract,

Minor, Minors Agreement, Nature of Agreement with Minor, Person of Unsound Mind, Sound Mind

Case Studies Relevant to Minor and person of unsound Mind

 

1- Business Law by Khalid Mehmood Cheema.

2- Business Law_ CA and ACCA notes by Atif Abidi

 

7-8

1- Capacities of Parties

2- Free Consent

Disqualified Person, Nature of agreement and contract with Disqualified person. Free Consent and its effect on Contract

Case Studies Relevant to Disqualified Person

1- Business Law by Khalid Mehmood Cheema.

2- Business Law_ CA and ACCA notes by Atif Abidi

 

Mid-Term

Above All chapters are Included in Mid-term Exams

Paper Pattern:

1- MCQs 27 Marks

 

2-Current Economic affairs and its recommended solutions. 03 Marks.

 

 

Case Studies Discussed in Class are Part of Mid-term Exam

1- Business Law by Khalid Mehmood Cheema.

2- Business Law_ CA and ACCA notes by Atif Abidi

 

 

Time Table

Course:  Business Law

Teacher Name_ Aamir Sohail

Sr No.

Day

Time

Class

Course Title

Total Students

1

Wednesday

11:00 - 12:30

BBA 5th  

Business Law

38

2

Thursday

11:00 - 12:30

BBA 5th  

Business Law

38

3

Wednesday

1:00    - 2:30

B.com 3rd

Business Law

23

4

Thursday

1:00    - 2:30

B.com 3rd

Business Law

23

Course Material