Description
COURSE OBJCETIVES:
This course is principally designed to equip a law student with the knowledge of special contracts apart from equipping himself/herself with general principles of contract. The objective of this course is to enable students to understand the functioning of commercial transactions and to identify the forms of business organization and structuring and the requirement and legal framework of special contracts, sale of goods and partnership laws. The intention of this course is to facilitate understanding of the various legal provisions and case studies related to special contracts, sale of goods and partnership laws.
COURSE OUTCOMES:
After completing this course, the students will be able to:
1. Understand the importance and the difference between various forms of business organizations and structuring, from a legal as well as commercial perspective.
2. Appreciate the formation, liabilities and legal remedies in case of the partnership form of organizational structure.
3. Understand and apply the Limited Liability Partnership Act, 2008
4. Apply the provisions of sale of goods in practical commercial transactions.
5. Analyze the various special contracts under the Indian Contract Act viz Indemnity, Guarantee, bailment and pledge, their significance and applicability.
6. Understand the rights and obligations of various stake holders in the special contracts, partnership contracts and sale of goods.
