Business law BBA Unit 1 - Notes - Free Notes PDF

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b-law notes unit-1:- contract act q1. define contract? discuss the essential elements of valid contract? (or) law of contract is not the whole of law of.

Business law has day to day application in any kind of business. Business managers . Click on the link below for more Study Material on MBA/BBA. Free MBA.

TIRUNELVELI 627012, TAMIL NADU. B.B.A. - II YEAR. DJB2D - BUSINESS LAW. (From the academic year-17). Most Student friendly University - Strive to.

BBA LLB with specialization in Business Law. Legal Method. Financial Management. Human Resource Management. Law of Contract-I. Organizational.

Sep 1, UNIT 1 1 Indian Contract Act: Definition and essentials VIEW 2 Contracts Agreements VIEW 3 Offer & Acceptance Consideration VIEW 4.

BBA: 4 th. Semester. Business Laws. Code: 210. Objective: The objective of this assignment is to provide basic knowledge to the students about business.

A bill is a negotiable money market instrument used to finance trade related transactions. According to the Indian Negotiable Instruments Act, 1881, “It is an.

Coercion vs undue influence:

Point	Coercion	Undue influence
Nature	force/threat, unlawful detention	dominance of will/relationship
Method	fear and pressure	unfair advantage using position
Example	threat to harm/property detention	guardian influencing ward

Consumer responsibilities (any three):

Check MRP/expiry date/quality marks.
Demand bills/receipts and keep records.
Read warranty/return/refund policy, especially in online purchases.

Bailment is delivery of goods by bailor to bailee for a purpose, with an obligation to return/dispose goods after the purpose is completed. Example: giving a watch for repair.

Pledge is a special type of bailment where goods are delivered as security for payment of debt or performance of a promise. Example: pledging gold to bank for loan.

Basis	Bailment	Pledge
Purpose	for some purpose	security for debt/performance
Right to sell	bailee has no right to sell	pledgee can sell after giving notice on default
Interest	return after purpose	retention until debt paid

Rights of pledgee (pawnee):

Right to retain goods until debt/interest/expenses are paid.
On default, right to sue for debt while retaining goods.
On default, right to sell pledged goods after giving reasonable notice.

Therefore, pledge is bailment with the additional element of security, giving pledgee special rights.

Coercion vs undue influence:

Point	Coercion	Undue influence
Nature	force/threat, unlawful detention	dominance of will/relationship
Method	fear and pressure	unfair advantage using position
Example	threat to harm/property detention	guardian influencing ward

Consumer responsibilities (any three):

Check MRP/expiry date/quality marks.
Demand bills/receipts and keep records.
Read warranty/return/refund policy, especially in online purchases.

Bailment is delivery of goods by bailor to bailee for a purpose, with an obligation to return/dispose goods after the purpose is completed. Example: giving a watch for repair.

Pledge is a special type of bailment where goods are delivered as security for payment of debt or performance of a promise. Example: pledging gold to bank for loan.

Basis	Bailment	Pledge
Purpose	for some purpose	security for debt/performance
Right to sell	bailee has no right to sell	pledgee can sell after giving notice on default
Interest	return after purpose	retention until debt paid

Rights of pledgee (pawnee):

Right to retain goods until debt/interest/expenses are paid.
On default, right to sue for debt while retaining goods.
On default, right to sell pledged goods after giving reasonable notice.

Therefore, pledge is bailment with the additional element of security, giving pledgee special rights.

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