Module :
BLT
101: Foundation to Legal Framework
Programme :
BBA/B.Com
Credit Value : 12
Prerequisite : None
General
Objectives:
- To
impart student the basic knowledge on Bhutanese legal system
- To
impart conceptual knowledge to the students on various business laws'
provisions
- To
promote the understanding and use of lawful business practices
Learning
outcomes:
Upon successful completion of the module,
student is expected to:
- explain
the Bhutanese legal system and its history
- explain
various provisions of business law along with its underlying intention
- explain
various provisions of negotiable instruments law along with its underlying
intention
- apply
Commercial Sale of Goods Act of the Kingdom of Bhutan 2000, Negotiable
Instruments Act of the Kingdom of Bhutan 2000 in given business situations
- explain
the practices of lawful businesses
CONTENT
Unit-
I: Introduction to Law (5
Hours)
Introduction:
meaning of law, sources of law, types of law, reasons for law; Overview of the
Bhutanese legal systems: history, structure of court system, features of
Bhutanese judicial system; Constitutional Law of Bhutan.
Unit
-II: Law of Contract (15
Hours)
Introduction:
meaning, classifications of contract; Essential Elements of Contract: offer and
acceptance, consideration and capacity of contracting parties; Performance and
Discharge of Contract: modes of performance, contracts which needn’t be
performed, modes of discharging contract; Remedies for Breach of Contract:
types of remedies, rules for damages; Contract of Agencies: introduction,
creation of agencies, authority of agencies, rights and duties of agencies.
Unit
-III: The Commercial Sale of Goods Act of the Kingdom of Bhutan, 2000 (15 Hours)
Introduction to
sale of goods Act: extent and application; Form and Formation of Sale Contract:
contract elements, contract modification, shipping terms; Passing of Title and
Risk in Goods: modes of transferring title, power to transfer title, risk of
loss; Conditions and Warranties: meaning, types and principle of caveat emptor;
principle of caveat emptor; Performance of Sale Contract: duties and liabilities;
Breach and Remedies for sale of goods.
Unit-
IV: The Negotiable Instruments Act of the Kingdom of Bhutan, 2000 (20 Hours)
Introduction:
meaning, instruments, parties; negotiation and presentment of instruments:
meaning, modes of negotiations, conditions for presentment; liability and
maturity of instruments: types of liabilities, parties liable, maturity and
payment of instruments, interest and indemnity on instruments; dishonor and
discharge of instruments: methods and dishonor of instruments, methods and
discharge of instruments; banker and customer.
Teaching
Strategies
·
Lecture
·
Tutorial
·
Presentation
and projects
·
Case
studies.
Assessment
·
Assignments
20%
·
Mid-Semester
Exam 30%
·
End-Semester
Exam 50%
Total
100%
Essential
Texts
- The
Course Pack (Gaeddu College of Business Studies)
- The
Commercial Sale of Goods Act of the Kingdom of Bhutan 2000.
- The
Negotiable Instruments Act of the Kingdom of Bhutan 2000.
References
- M.C.
Kuchal (2008), Business Law, New Delhi, Vikas Publishing House Pvt.
Ltd.
- Paul
L. Davies, Govers’ Principles of Modern Company Law, (6th
edition), Sweet and Maxwell Ltd., London.
- Synth.,
Sobernan., Easson (2001), The Law and Business Administration in Canada,
USA, Canadian Cataloguing in Publication Data.