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This document provides an overview of key concepts in business law covered in a class called 'B' Business Laws. It discusses topics like the definition of law, different sources of business law like common law, statute law, case law, and judicial decisions. It also covers classification of contracts based on validity, formation and performance. Some sample cases are provided and their legal verdicts summarized to illustrate concepts like offer and acceptance, executed/executory contracts, and more.

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V BBM ‘B’ BUSINESS LAWS CLASS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Module I. BUSINESS LAWS ,[object Object],[object Object],[object Object],[object Object],[object Object]
Law ,[object Object]
Definition of law by Salmond ,[object Object]
Object of law ,[object Object]
Need for the knowledge of law ,[object Object],[object Object],[object Object],[object Object]
BUSINESS LAWS ,[object Object]
Sources of Business Law ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Common Law ,[object Object],[object Object]
Common Law ,[object Object],[object Object]
Module: II Law of Contract ,[object Object],[object Object],[object Object],[object Object]
OBJECT OF LAW OF CONTRACT ,[object Object],[object Object]
‘ JUS IN REM’ & ‘JUS IN PERSONAM’ ,[object Object],[object Object],[object Object]
Definition of Contract ,[object Object],[object Object],[object Object]
CONTRACT ,[object Object],[object Object],[object Object],[object Object]
Definition of Promise ,[object Object],[object Object],[object Object],[object Object]
Consensus ad idem ,[object Object],[object Object],[object Object],[object Object]
Obligation ,[object Object],[object Object],[object Object],[object Object]
All agreements are not contracts, but all contracts are agreements ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Classification of Contracts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
1.Classification according to validity ,[object Object],[object Object]
Classification of Contract……… ,[object Object],[object Object]
Cont’d….. ,[object Object],[object Object],[object Object],[object Object]
Cont’d… ,[object Object],[object Object]
Cont’d…….. ,[object Object],[object Object]
2.Classification according to formation ,[object Object],[object Object],[object Object],[object Object]
Cont’d……. ,[object Object],[object Object]
Contracts ……… classified ,[object Object]
III.Classification according to performance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
CASE 1. ,[object Object],[object Object]
VERDICT OF CASE 1. ,[object Object],[object Object],[object Object]
CASE 2. ,[object Object],[object Object],[object Object],[object Object]
VERDICT OF CASE 2. ,[object Object],[object Object],[object Object],[object Object]
CASE 3. ,[object Object],[object Object],[object Object]
VERDICT OF CASE 3. ,[object Object]
CASE 4. ,[object Object]
VERDICT OF CASE 4. ,[object Object]
CASE 5. ,[object Object]
VERDICT OF CASE 5. ,[object Object]
CASE 6. ,[object Object],[object Object]
VERDICT OF CASE 6. ,[object Object]
CASE 7. ,[object Object]
VERDICT OF CASE 7. ,[object Object]
OFFER & ACCEPTANCE ,[object Object],[object Object]
PROMISOR-PROMISEE ,[object Object],[object Object]
How an offer is made ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What constitutes an offer ,[object Object],[object Object],[object Object],[object Object]
LEGAL RULES AS TO OFFER ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Cont’d…….. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Special Terms of Contract ,[object Object],[object Object]
Example of Special Terms of Contract ,[object Object],[object Object]
Example of Special Terms of Contract ,[object Object]
Agreement to agree in future , is not a contract. ,[object Object],[object Object],[object Object]
Communication of Offer, Acceptance and Revocation ,[object Object],[object Object],[object Object],[object Object]
When is communication complete[S.4] ,[object Object],[object Object],[object Object]
When is communication complete[S.4] ,[object Object],[object Object],[object Object],[object Object]
When is communication complete….. ,[object Object],[object Object],[object Object],[object Object]
Time for Revocation of Offer and Acceptance (Sec.5) ,[object Object],[object Object],[object Object],[object Object],[object Object]
OFFER AND ACCEPTANCE:PRACTICAL PROBLEMS ,[object Object],[object Object],[object Object],[object Object],[object Object]
Solution for Case.1 ,[object Object],[object Object]
Case 2. ,[object Object]
Solution for Case.2 ,[object Object]
Case.3 ,[object Object]
Solution for Case.3 ,[object Object]
Case.4 ,[object Object],[object Object]
Solution for Case.4 ,[object Object]
Case.5 ,[object Object]
Solution for Case.5 ,[object Object]
Case.6 ,[object Object],[object Object]
Solution for Case. 6 ,[object Object]
CONSIDERATION ,[object Object],[object Object]
Abdul Aziz vs. Masum Ali(1914) ,[object Object],[object Object]
Kedarnath vs. Gauri Mohammad Calcutta[1886] ,[object Object],[object Object]
Definition of Consideration [Section 2(d) of Indian Contract Act,1872] ,[object Object]
Analysis of Definition of Consideration ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Need for Consideration ,[object Object]
Legal Rules as to Consideration ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Legal Rules as to Consideration………. ,[object Object],[object Object],[object Object]
Legal Rules as to Consideration………. ,[object Object],[object Object],[object Object]
Legal Rules as to Consideration………. ,[object Object],[object Object]
Legal Rules as to Consideration………. ,[object Object],[object Object],[object Object]
Legal Rules as to Consideration………. ,[object Object],[object Object],[object Object],[object Object]
Legal Rules as to Consideration………. ,[object Object],[object Object],[object Object],[object Object]
Legal Rules as to Consideration………. ,[object Object],[object Object],[object Object],[object Object]
Legal Rules as to Consideration………. ,[object Object],[object Object],[object Object],[object Object],[object Object]
Legal Rules as to Consideration………. ,[object Object],[object Object],[object Object]
Legal Rules as to Consideration………. ,[object Object],[object Object],[object Object],[object Object],[object Object]
Legal Rules as to Consideration………. ,[object Object],[object Object],[object Object]
Legal Rules as to Consideration………. ,[object Object],[object Object],[object Object]
Legal Rules as to Consideration………. ,[object Object],[object Object],[object Object]
STRANGER TO CONTRACT ,[object Object],[object Object],[object Object]
Two Consequences of the “Doctrine of Privity of Contract” ,[object Object],[object Object],[object Object]
Dunlop Pneumatic Tyre Co.Ltd. Vs. Selfridge & Co.Ltd.,(1915) ,[object Object],[object Object]
Exceptions to the rule “stranger to a contract cannot sue.” ,[object Object],[object Object],[object Object]
Exceptions to the rule “stranger to a contract cannot sue.” ,[object Object],[object Object],[object Object]
Exceptions to the rule “stranger to a contract cannot sue.” ,[object Object],[object Object],[object Object]
Exceptions to the rule “stranger to a contract cannot sue.” ,[object Object],[object Object],[object Object],[object Object]
“ A contract without consideration is void” -Exceptions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Examples: ,[object Object],[object Object],[object Object]
Nearness of relationship, however does not necessarily imply natural love and affection. ,[object Object],[object Object],[object Object]
A contract without consideration is void -Exceptions ,[object Object],[object Object],[object Object],[object Object]
A contract without consideration is void -Exceptions ,[object Object],[object Object],[object Object]
A contract without consideration is void -Exceptions ,[object Object],[object Object]
A contract without consideration is void -Exceptions ,[object Object]
A contract without consideration is void -Exceptions ,[object Object],[object Object],[object Object]
Consideration: Practical Problems ,[object Object],[object Object]
Answer: Case.1 ,[object Object]
Case.2 ,[object Object],[object Object]
Case.2 ,[object Object]
Case.2 ,[object Object]
Case.2 ,[object Object]
Case.2 ,[object Object]
Answers to case.2 ,[object Object]
Case.3 ,[object Object]
Answer to Case.3 ,[object Object]
Case.4 ,[object Object],[object Object]
Answer to Case.4 ,[object Object]
Case.5 ,[object Object],[object Object]
Answer to Case.5 ,[object Object]
Case.6 ,[object Object],[object Object]
Answer to Case.6 ,[object Object]
CAPACITY TO CONTRACT [COMPETENCY OF THE PARTIES] ,[object Object],[object Object],[object Object],[object Object]
1.Minors ,[object Object],[object Object],[object Object]
Minor’s Agreements ,[object Object],[object Object],[object Object]
Minor’s Agreements ,[object Object],[object Object],[object Object]
Minor’s Agreements ,[object Object],[object Object],[object Object],[object Object]
Minor’s Agreements ,[object Object],[object Object]
Minor’s Agreements ,[object Object],[object Object]
Minor’s Agreements 5 .He can always plead minority : ,[object Object]
Minor’s Agreements 5.He can always plead minority : ,[object Object]
Minor’s Agreements ,[object Object],[object Object]
Minor’s Agreements ,[object Object],[object Object],[object Object],[object Object]
Minor’s Agreements ,[object Object],[object Object]
Minor’s Agreements ,[object Object]
Minor’s Agreements ,[object Object],[object Object]
Minor’s Liability for Necessaries of Life. ,[object Object],[object Object],[object Object]
What are necessaries of life ? ,[object Object],[object Object],[object Object]
2.Persons of Unsound Mind. ,[object Object],[object Object],[object Object],[object Object]
Persons of Unsound Mind. ,[object Object],[object Object],[object Object]
Persons of Unsound Mind ,[object Object],[object Object],[object Object],[object Object],[object Object]
Contracts of Persons of Unsound Mind ,[object Object],[object Object],[object Object]
Contracts of Persons of Unsound Mind ,[object Object],[object Object],[object Object]
3. Other persons ,[object Object],[object Object],[object Object],[object Object]
3. Other persons ,[object Object],[object Object]
Foreign sovereigns, their diplomatic staff and accredited representatives of foreign states ,[object Object]
CORPORATIONS [COMPANY] ,[object Object],[object Object]
INSOLVENTS & CONVICTS ,[object Object],[object Object],[object Object],[object Object]
PRACTICAL PROBLEMS ,[object Object]
Answer to Case.1 ,[object Object],[object Object]
Case 2. ,[object Object]
Answer to Case.2 ,[object Object],[object Object]
Case .3 ,[object Object]
Answer to Case.3 ,[object Object]
Case.4 ,[object Object]
Answer to Case.4 ,[object Object]
Free Consent ,[object Object],[object Object],[object Object]
What is Free Consent ? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Coercion [Sec.15] ,[object Object],[object Object]
Examples of Coercion ,[object Object],[object Object],[object Object],[object Object],[object Object]
Examples of Coercion ,[object Object],[object Object]
Effect of Coercion ,[object Object],[object Object]
Threat to commit suicide-Does it amount to coercion? Chikham Amiraju vs.Seshamma(1917)Madras HC. ,[object Object],[object Object]
Threat to commit suicide-Does it amount to coercion? [Purabi Mukherjee vs. BasudevMukherjee(1969)Calcutta] ,[object Object],[object Object],[object Object]
Duress ,[object Object],[object Object]
UNDUE INFLUENCE Section 16(1) ,[object Object],[object Object]
UNDUE INFLUENCE Section 16(1) ,[object Object],[object Object],[object Object],[object Object]
Difference Between Coercion and Undue Influence ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Examples of UNDUE INFLUENCE ,[object Object]
Examples of UNDUE INFLUENCE ,[object Object],[object Object]
Examples of UNDUE INFLUENCE ,[object Object],[object Object]
Misrepresentation ,[object Object],[object Object],[object Object]
MISREPRESENTATION & FRAUD ,[object Object],[object Object],[object Object],[object Object]
MISREPRESENTATION ,[object Object]
Examples of Misrepresentation ,[object Object]
Examples of Misrepresentation ,[object Object]
Requirements of MISREPRESENTATION ,[object Object],[object Object],[object Object],[object Object],[object Object]
Requirements of MISREPRESENTATION ,[object Object],[object Object],[object Object],[object Object]
FRAUD ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
……… .. FRAUD ,[object Object]
……… .. FRAUD ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
ESSENTIAL ELEMENTS OF FRAUD ,[object Object],[object Object]
………… ESSENTIAL ELEMENTS OF FRAUD ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
………… ESSENTIAL ELEMENTS OF FRAUD ,[object Object],[object Object]
………… ESSENTIAL ELEMENTS OF FRAUD ,[object Object],[object Object],[object Object]
………… ESSENTIAL ELEMENTS OF FRAUD ,[object Object],[object Object]
Contracts not necessarily voidable -Exceptions. ,[object Object],[object Object],[object Object]
MISTAKE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
MISTAKE OF LAW Example of (1) Mistake of law of the country ,[object Object],[object Object],[object Object]
MISTAKE OF LAW (2) Mistake of law of a foreign country ,[object Object]
……………. M I S T A K E ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Bilateral Mistake ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Bilateral Mistake ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
… . Bilateral Mistake ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
… . Bilateral Mistake ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
……………. M I S T A K E ,[object Object],[object Object],[object Object],[object Object]
……………. M I S T A K E ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Legality of Object ,[object Object],[object Object],[object Object],[object Object],[object Object]
Void Agreements ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Contingent Contracts ,[object Object],[object Object],[object Object],[object Object],[object Object]
Performance of Contract ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Discharge of Contract ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
DISCHARGE OF CONTRACT ,[object Object],[object Object],[object Object],[object Object]
Discharge of Contract ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Discharge of Contract ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Discharge of Contract ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Discharge of Contract ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Discharge of Contract ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Remedies for Breach of Contract ,[object Object],[object Object],[object Object],[object Object]
2.Hadley vs.Baxandile(1854) ,[object Object],[object Object]
2.Damages may be of four types: ,[object Object],[object Object]
… ..Damages may be of four types: ,[object Object],[object Object]
3. QUANTUM MERUIT : [As much as earned] ,[object Object],[object Object]
Liquidated Damages and penalty. ,[object Object]
4.Specific Performance ,[object Object]
5.Injunction ,[object Object]
Module.III INTELLECTUAL PROPERTY LAWS : Patents Act,1970 ,[object Object],[object Object],[object Object],[object Object]
Module.III INTELLECTUAL PROPERTY LAWS : Patents Act,1970 ,[object Object],[object Object],[object Object]
Understanding of the importance of STONE ,[object Object]
Attributes of ‘Property’ ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Introduction to Intellectual Property ,[object Object],[object Object]
I ntellectual P roperty [I.P.] L aws ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
ECONOMIC CONSIDERATION SOURCE: Intellectual Property/MBL/NLSIU,Bangalore ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Statutory Framework ,[object Object],[object Object],[object Object]
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