B. B. A.
I (NEP) (Semester-II)
Vertical – 1- Core Course
Subject Code: 500108
Subject Title: Commercial Law - II
Level Semester Course Course Credits Teaching Exam Max
Code Name Hours Duration Marks
4.5 II 500108 Commercial 2 30 2 Hrs 30
Law II
Course Outcome: Students completing this course on the Basics of Contract Act will be able to:
1) Gain a comprehensive understanding of the fundamental concepts and terminology of
indemnity, guarantee, bailment, pledge, and agency, and learn how to differentiate and utilize
them effectively.
2) Explore the process of creating these special contracts and understand the intricacies involved.
3) Acquire knowledge about establishing different types of agencies and the nuances associated
with each type.
4) Familiarize the students with the rights and responsibilities of the different parties involved in
these specialized contracts.
Unit Contents Teaching
Hours
1 Law of Indemnity - Introduction: Law of Indemnity, Definition-Essentials,
Rights of indemnity holder, Rights of indemnifier. Contract of Guarantee,
7
definition, Distinguish between indemnity and guarantee.
2 Consideration in a contract of guarantee, Essentials of contract of
Guarantee,Distinguish Between Continuing guarantee and Specific Guarantee,
Revocation of Continuing guarantee, when surety is not discharged? Exceptions-
Invalid guarantees, Rights of surety, Law as to co-sureties, Right of surety 8
against the co-surety.
3 Bailment, Definition, Essentials, Kinds of Bailments, Rights, Duties, and
Liability of Bailor, Rights, Duties, and Liability of a Bailee, What is a lien?
General Lien, Particular or Specific lien, Particular lien & General lien. Finder
of Goods, Pledge: Definition, Essentials, Pledge, and Lien distinguish Pledge 7
and Bailment, Rights of a Pawnee, Liabilities of a Pawnee Rights of Pawnor,
Pledge by persons other than the true owner.
4 Agency - Appointment of Agent, Who is an agent and a Principal, Who can be
appointed as an agent? Who can employ an agent? Test of Agency: how is
the contract of agency constituted? Ratification, Rules governing ratification.
Classification of Agents, sub-agent, Relationship between Principal and agent, 8
and sub-agent. Agent’s authority, Implied authority, Effect of agents’ authority.
Revocation and renunciation of the agent’s authority, Rights, duties, and
liabilities of the Principal and agents. Termination or determination of agency.
Effect of termination.
Internal Assessment: (20 Marks)
1) Multiple Choice Questions: 08 Marks (1 mark each)
2) Home Assignments: 12 Marks
Books Recommended:
• Business Law for Management Vol. I, K. R. Bulhandani, Himalaya Publishing House
• Mercantile law: M C Shukla S.Chand and Company Limited, New Delhi
• Business Regulatory and Framework- Sai Jyoti Publication, Nagpur- Dr. S. R.
Raghuwanshi, Dr. A. S. Khandekar, Dr. V. W. Jaswante, Dr. R. O. Oza.
• Business Law P. C. Tulsian Tata Mc-Graw Hill Publishing Company Limited, New Delhi
• Commercial Law – II, Dr. Shaila Nibjiya, Sai Jyoti Publication
• Business Law: P. Sarvanavel S. Senthil &S.Balakumar, Himalaya Publishing House,
New Delhi
• Business Law: C. L. Bansal, Taxman's, New Delhi
• Indian Contact Act. & Sales of Goods Act: P. Sarvenavel, S. Sumathi, Himalaya
Publishing House, New Delhi.
• Mercantile Law: N.D.Kapoor, Sultan Chand & Sons Educational Publishing. New Delhi.
• Business Regulatory Framework: Dr. Ashish P. Mohata Sai Jyoti Publication.
