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

• Indian Contract Act, 1872 including Discharge of Contract & Remedies for Breach and Introduction of Special Contracts
• 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. (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 8^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
• [Chapter-wise Case Laws] with judgements have been provided at the beginning of the book
• [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. (Prog.) CBCS/SEM-II, (May-June 2016)
  • B.Com. (Prog.) CBCS/SEM-II, (May-June 2017)
  • B.Com. (Prog.) CBCS/SEM-II, (May-June 2018)
  • B. Com. (Prog.) CBCS/SEM-II, (May-June 2019)
  • B.Com. (Prog.) CBCS/SEM-II, (August 2020)
  • B.Com. (Prog.) CBCS/SEM-II, (August 2022)
• [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 chapter on LLP Act has been updated as per the Limited Liability Partnership (Amendment) Act, 2021
    • A new concept of small LLP w.e.f. from 1^st April 2022 has been inserted in Chapter 19
    • Amendment in LLP Incorporation Process & other Major Amendments as per LLP (Second Amendment) Rules, 2022 has been incorporated in Chapter 20
    • Penalty provisions under LLP (Amendment) Act, 2021 have been added in Chapter 21
    • Revised fee norms notified in LLP (Amendment) Act, 2022 have been added at the end of Unit 5

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
  • ICA, 1872: Discharge of Contract
  • ICA, 1872: Remedies for Breach of Contract
  • 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