Last Lecture Conclusion

Week 1 Introduction to Business law General, Need of Law, Sources of Law, Commonwealth, Pakistan’s Law

Conclusion Week 2 & 3 Law of Contract Contact Act 1872, Law of Contract, Agreement, Agreement: Create Obligations, Contract enforceable by Law, Essentials of Valid Contract, Types of Contract, Flaws in Capacity to Contract, Various Discharge of Contract

Conclusion Week Law of Partnership Partnership Act 1932, Introduction to Partnership law, kinds of partners, Rights & Duties of Partnership, characteristics, Classes of Partners, Dissolution of Partnership & Firm, Registration of Firm

Conclusion Week 7 Sale of Goods Distinction of Sale & Sell, Buyers Rights, Seller’s Rights (or Buyer’s Duties), Rights of Unpaid Seller

Conclusion Week 8 & 9 Principal & Agent Principal & Agent, Creation of Agency, Classes of Agents,, Rights & Duties of Agents, Termination of Agency

Conclusion Week 10 &11 Arbitration Arbitration Act 1940, Advantages of arbitration, Who can be Arbitrator, Duties of Arbitrator, Who may be Referred, What can be referred, What cannot be referred

Conclusion Week 12 Negotiable Instruments Negotiable Instruments, Promissory Note, Bill of exchange, Cheque, Distinction Between Bill & Cheque, Distinction Between Note & Bill, When a Banker must refuse Cheque

Conclusion Week Company Law Classes of Company, Privileges of Private Company, Partnership Vs. Company, Public & Private Companies, Memorandum and Article of Association, Membership, Termination of Membership, Type of Director, Types of Meeting, Resolutions, Compulsory Winding up Under Order of The Court

Conclusion Week 16 Role of IPO IPO Pakistan Taxation

Recommended Books Text Book “Business law” by M.C.Shukla Bare Act Companies ordinance 1984, Contract Act 1872, Partnership Act 1932, Arbitration Act 1940 Reference book Khawaja Amjad Saeed: Mercantile and Industrial Law in Pakistan, I.R. Hashmi: Mercantile Law- Relevant Acts and Ordinances. Reference website