Course Title: Business Law

Course Code: MGT-422

Credit Hours: 3+0
Course Instructor: Ms Asma Kiran Pervez
Prerequisites:
The student must have cleared the 6th semester in the case of BBA and the 3rd semester in the case of
MBA
COURSE DESCR
IPTION/OBJECTIVES:
 Introduction of legal issues to the students, that impact business responsibility as managers.
 The courses will help managers to identify areas of legal liability and risk and suggest how to
minimize legal risk.
 In each topic covered during this course the emphasis is placed on how to identify the legal duties
that apply for a manager and the legal liabilities that may be attracted by their actions.

INTENDED COURSE LEARNING OUTCOMES

The course is designed to provide students:
 An understanding of the legal system and how it applies to regulate business.
 Knowledge of basic principles of specific topics of law and their relevance to business.
 Knowledge of how to manage legal business risks.

Textbooks (or Course Materials) with Edition:

 Mercantile Law by M.C.Shukla Edi. 2013
 Law of Contracts by Imran Ahsan Khan Nyazeeedi. 2011
 Contract Act 1872 by D.F.Mulla
 Partnership Act 1932 by D.F.Mulla
 Negotiable Instruments Act 1881 by Khargamwala
 Sales Act 1930 by D.F.Mulla
 Company Law 1984 by Muzammil
 Labour laws by Federal Law House 2016
 Latest Acts/ Ordinances uploaded on
www.pakistancode.gov.pk, www.punjabcode.punjab.gov.pk,
www.punjablaws.gov.pk,

ASSESSMENT INSTRUMENT WITH WEIGHTS

S.No Items Marks
1 Midterm 30%
2 End term 50%
3 Internal EvaluationBreakdown
Quizes 5%
Assignments/Presentations 10%
Class participation 5%
Total 20%
 Grand Total 100
CLASS ASSIGNMENT:
Students are required to submit atleast two assignments. They are encouraged to use the legal sources such
as some very informative websites, Books, Research Articles and must give proper citations.

COURSE CONTENT:

Week Lecture
TOPICS TO BE COVERED
No No
1.  Introduction, information gathering, course overview,
1.  Introduction to Pakistan’s legal system.
2.  Law of business structure
3. CONTRACT ACT 1872
 Difference between Contract and Agreement.
 Offer, Acceptance, Consideration.
2.
 Free Consent. Alteration.
4.  Contract of Indemnity & Contract of guarantee.
 Contingent Contract with Wagering Contract.
5.  Discharges of Contract
 Remedies for breach of contract.
6. PARTNERSHIP ACT 1932
3.
 Nature of partnership.
 General duties of partner.
 Rights of partners.
7. NEGOTIABLE INSTRUMENT ACT 1881
 Negotiable instrument Act 1881.
 Promissory Note.
4.  Bill of exchange,
 Cheque.
 Instrument payable by demand.
8.  QUIZ
9. SALE OF GOODS ACT 1930
 Contract of sale.
5.  Transfer of property as between seller and buyer.
10.  Performance of the contract
 Unpaid seller
11. COMPANIES ORDINANCE 1984
 Preliminary / Definitions /
6.
 Salient features of a company.
 Memorandum of Association
 12  Articles of Association
 Management and Administration
13.  Winding up
7.
14.  Revision+QUIZ
MID TERM EXAMS
MID TERM BREAK
15. FACTORIES ACT 1934
 Definition
8.  Inspecting Staff
16.  Health & Safety
 Restriction on working hours of adults
17.  Holidays with pay and over time
9.  Special provision adolescent and children
18.  Penalties and procedure
19. SOCIAL SECURITY ORDINANCE 1965
 Definitions
10.
 Organization
20.  Contribution
21.  Benefits
22. INDUSTRIAL RELATIONS ACT 2012
11.  Definitions
 Trade Unions
 Application for Registration.
23.  Corporation of Registered Trade Union.
12. 24.  Worker’s Participation and Dispute Resolution.
 Labor Court
25.  Procedure and powers of labor court.
 Appeal to High Court.
13.
26.  National Industrial Relations Commission (NIRC).
 Penalties and Procedure.
27.  Revision
14.
28.  Revision
END TERM EXAMS