This book is a comprehensive & authentic book on the following Business Laws:

• Indian Contract Act, 1872
• Sale of Goods Act, 1930
• Limited Liability Partnership Act, 2008

This book aims to impart the basic working knowledge of important business laws relevant to general business activities in physical & virtual spaces, along with relevant Case Laws.

This book aims to fulfil the requirement of students of undergraduate courses in commerce and management, particularly the following:

• B.Com. (Hons.) Core Paper BCH: DSC – 1.2 based on Undergraduate Curriculum Framework (UGCF) for Delhi University
• B.Com. (Prog.) Core Paper BC: DSC 1.2 based on Undergraduate Curriculum Framework (UGCF) for Delhi University
• Non-Collegiate Women’s Education Board
• School of Open Learning of the University of Delhi
• Various Central Universities throughout India
• BBA, MBA, CA-Intermediate (IPC), Company Secretaries courses

The Present Publication is the 11^th Edition, authored by Sushma Arora, with the following noteworthy features:

• [Simple & Systematic Presentation] The subject matter is presented in a systematic & straightforward method, along with a comprehensive explanation
• [Examples & Case Studies from Landmark Ruling] This book offers comprehensive coverage of business laws with interesting examples/case studies derived from landmark rulings. It also covers Case Laws recommended by the Department of Commerce, Delhi University
• [Test Questions, Practical Problems & True/False Statements with Hints] are given at the end of each chapter to provide students with thorough practice in solving examination question
• [Previous Exam Question Papers] for the last few years are covered at the end of the book. This will help the students to have a clear idea of the questions usually asked. The following question papers are covered:
  • B.COM. (HONS.) PART I/SEM.-I: 2012
  • B.COM. (HONS.) PART I/SEM.-I: 2013
  • B.COM. (HONS.) PART I/SEM.-I: 2014
  • B.COM. (HONS.) PART I/SEM.-I: 2015
  • B.COM. (HONS.) CBCS SEM.-I: 2016
  • B.COM. (PROG.) CBCS SEM.-II: 2016
  • B.COM. (HONS.) CBCS SEM.-I: 2017
  • B.COM. (PROG.) CBCS SEM.-II: 2017
  • B.COM. (HONS.) CBCS SEM.-I: 2018
  • B.COM. (PROG.) CBCS SEM.-II: 2018
  • B.COM. (HONS.) CBCS SEM.-I: 2019
  • B.COM. (PROG.) CBCS SEM.-II: 2019
  • B.COM. (PROG.) CBCS/SEM.-II: 2020
  • B.COM. (HONS.) CBCS SEM.-I: 2021
  • B.COM. (HONS.) CBCS SEM.-I: 2022
  • B.COM. (PROG.) CBCS/SEM.-II: 2022
  • B.COM. (HONS.) CBCS SEM.-I: 2023
  • B.COM. (PROG.) CBCS SEM.-I: 2023
• [Student-Oriented Book] This book has been developed keeping in mind the following factors:
  • Interaction of the author/teacher with their students in the classroom
  • Shaped by the author/teachers’ experience of teaching the subject matter at different levels
  • Reactions and responses of students have also been incorporated at different places in the book
• [Amended & Updated] The following amendments have been included in this book:
  • Limited Liability Partnership Act, 2008 (‘LLP Act’)
    • The Ministry of Corporate Affairs (MCA) has issued the Limited Liability Partnership (Amendment) Rules, 2023, through notification No. G.S.R. 411(E) dated June 2, 2023. These rules amend the existing Limited Liability Partnership Rules, 2009.
    • The amended rules regarding revised LLP Form No. 3 have been added in Chapter 20.

Contents of this book are as follows:

• Indian Contract Act, 1872
  • ICA, 1872: Nature, Meaning, Essentials and Kinds of Contract
  • ICA, 1872: Offer & Acceptance
  • ICA, 1872: Consideration
  • ICA, 1872: Competency of the Parties to Contract
  • ICA, 1872: Free Consent
  • ICA, 1872: Legality of Object & Consideration
  • ICA, 1872: Void Agreements & Contingent Contracts
  • ICA, 1872: Quasi Contracts
• Discharge of Contract and Remedies for Breach of Contact
  • ICA, 1872: Discharge of Contract
  • ICA, 1872: Remedies for Breach of Contract
• Introduction to Special Contracts
  • ICA, 1872: Indemnity & Guarantee
  • ICA, 1872: Contract of Bailment & Pledge
  • ICA, 1872: Contract of Agency
• Sale of Goods Act, 1930
  • Sale of Goods Act, 1930: Nature & Formation of Contract of Sale
  • Sale of Goods Act, 1930: Condition & Warranties
  • Sale of Goods Act, 1930: Transfer of Property
  • Sale of Goods Act, 1930: Performance of Contract of Sale
  • Sale of Goods Act, 1930: Unpaid Seller & His Rights
• Limited Liability Partnership Act, 2008
  • Introduction of LLP: Nature & Scope
  • Formation & Incorporation of LLP
  • Partners & their Relations in LLP
  • Conversion to LLP
• Practical Exercises