Course Catalogue

           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

  1. The Course Pack (Gaeddu College of Business Studies)
  2. The Commercial Sale of Goods Act of the Kingdom of Bhutan 2000.
  3. The Negotiable Instruments Act of the Kingdom of Bhutan 2000.

 

References

  1. M.C. Kuchal (2008), Business Law, New Delhi, Vikas Publishing House Pvt. Ltd.
  2. Paul L. Davies, Govers’ Principles of Modern Company Law, (6th edition), Sweet and Maxwell Ltd., London.
  3. Synth., Sobernan., Easson (2001), The Law and Business Administration in Canada, USA, Canadian Cataloguing in Publication Data.