This book Business and Corporate Laws is designed in two parts. The first part covers Business Law. The second part covers the important topics on Company Law.

  • Cover
  • Halftitle Page
  • Title Page
  • Copyright Page
  • Table of Contents
    • Preface
  • Part - I BUSINESS LAW
    • Chapter 1 Nature and Formation of Contract
      • Introduction
      • Key Definitions Used in the Indian Contract Act
      • Nature of Contract
      • Elements of Contracts
      • Classification of Contracts
        • On the Basis of Validity/Enforceability
        • On the Basis of Formation/Creation
        • On the Basis of Performance/Execution
      • English Law
      • Review Questions
    • Chapter 2 Offer and Acceptance
      • Introduction
      • Proposal
        • Express Offer and Implied Offer
        • Specific or General Offer
        • Facts of the Case
        • Decision
      • Essential Requirements of a Valid Offer
      • Revocation of Offer
      • Cross Offers
      • Counter Offer
      • Tenders
      • Acceptance
        • Essentials of a Valid Acceptance
        • Effect of Silence on Acceptance
        • Agreement to Agree in Future
        • Counter Offer is Not an Acceptance
      • Communication of Offer, Acceptance and Revocation
        • Revocation of Proposal and Acceptance
        • Termination of Offer
        • Revocation or Lapse of Offer — Sec. 6
      • Offer and Acceptance by Post
        • Contracts over Telephone or Telex
      • Review Questions
    • Chapter 3 Consideration
      • Introduction
      • Definition
      • Types of Consideration
      • Essentials of Consideration
      • Privity of Contract
      • No consideration – No Contract
      • Review Questions
    • Chapter 4 Capacity of Parties
      • Introduction
      • Definition
      • Minors
        • Minors in Indian Law
        • Decision
        • Legal Decisions Constituting Necessities
        • Liability of the Minor for Torts and Crimes
      • Persons of Unsound Mind
        • Idiocy
        • Lunacy
        • Drunken Persons
      • Disqualified Persons
        • Aliens
        • Foreign Sovereigns
        • Statutory Corporations
        • Married Women
        • Insolvent Person
        • Convicts
        • Professionals
      • Review Questions
    • Chapter 5 Free Consent
      • Introduction
      • Free Consent
      • Coercion
        • Essentials of Coercion
        • Burden of Proof
        • Duress
        • Effect of Coercion
      • Undue influence
        • Essentials of Undue Influence
        • Undue Influence–Consequences
        • Defences Available against Undue Influence
        • Pardanashin Women
      • Fraud
        • Elements of Fraud
        • Mere Silence is not Fraud
        • Fraud—Consequences
      • Misrepresentation
        • Essentials of Misrepresentation
        • Consequences of Misrepresentation
      • Mistake
        • Mistake of Law
        • Mistake of Fact
      • Review Questions
    • Chapter 6 Legality of Object and Consideration
      • Introduction
      • Agreements against Public Policy
      • Review Questions
    • Chapter 7 Void Agreements
      • Introduction
      • Classification of Unlawful Agreements
      • Agreements in Restraint of Trade
      • Agreements in Restraint of Legal Proceedings
        • Exceptions
        • Uncertain Agreements
      • Wagering Agreements
        • Essentials of Wagering Agreements
        • Effects of Wagering Agreements
      • Agreements Contingent on Impossible Events [Sec. 36]
      • Agreement to Agree in Future
      • Illegal Agreement
      • Review Questions
    • Chapter 8 Contingent and Quasi-contracts
      • Definition
      • Essentials of Contingent Contracts
        • Rules Regarding Enforcement of Contingent Contracts (Secs. 32 - 36)
      • Quasi-Contracts
        • Quantum Meruit
      • Review Questions
    • Chapter 9 Performance of Contracts
      • Introduction
      • Tender
        • Essentials of a Valid Tender Performance
        • By Whom must the Contracts be Performed?
        • Performance of Reciprocal Promise (Secs. 51 – 54 and 57)
        • Time, Place and Manner of Performance (Secs. 46 – 50 and 55)
        • Assignment of Contracts
        • Contracts Which Need Not be Performed
        • Who can Demand Performance?
        • Appropriation of Payments
        • Rule in the Hallett’s Estate Case
      • Review Questions
    • Chapter 10 Modes of Discharge of Contracts
      • Introduction
      • Discharge by Performance
        • Tender
      • Discharge By Mutual Consent (Sec. 62)
        • Novation
        • Rescission
        • Alteration
        • Remission
        • Waiver
        • Merger
      • Discharge by Impossibility of Performance
        • Impossibility at the Time of Contract
        • Subsequent or Supervening Impossibility
        • The Doctrine of Frustration
        • Effects of Supervening Impossibility
      • Discharge by Lapse of Time
      • Discharge by Operation of Law
      • Discharge by Breach of Contract
        • Actual Breach of Contract
        • Anticipatory Breach of Contract
      • Termination by Material Alteration
      • Review Questions
    • Chapter 11 Remedies for Breach of Contract
      • Introduction
      • Cancellation or Rescission
      • Restitution
      • Specific Performance
      • Injunction
      • Damages
        • General or Compensatory Damages
        • Special Damages
        • Nominal Damages
        • Exemplary or Vindictive Damages
        • Rules Regarding the Amount of Damages
        • Difficulty in Calculating Damages
        • Liquidated Damages and Penalty
        • Conditions Regarding Payment of Interest
      • Quantum Meruit
        • Contract not Enforceable
      • Review Questions
    • Chapter 12 Indemnity and Guarantee
      • Introduction
      • Contract of Indemnity
      • Contract of Guarantee
        • Essential Features of a Contract of Guarantee
        • Extent of Surety’s Liability
      • Kinds of Guarantee
        • Specific Guarantee
        • Continuing Guarantee
      • Rights of Surety
        • Rights against Creditor
        • Rights against Principal Debtor
        • Rights against Co-sureties
      • Discharge of Surety
        • Discharge of Surety by Revocation
        • Discharge of Surety by the Conduct of the Creditor
      • Discharge of Surety by Invalidation of Contract
      • Review Questions
    • Chapter 13 Bailment and Pledge
      • Introduction
      • Definition of Bailment
      • Requisites of Bailment
      • Does Deposit of Money Constitute Bailment?
      • Bailment and Sale
      • Bailment and Hire-purchase
      • Classification of Bailments
        • On the Basis of Charge
        • On the Basis of Benefits
      • Duties and Rights of Bailor and Bailee
        • Duties of Bailor
        • Duties of Bailee
        • Rights of Bailor
        • Rights of Bailee
      • Termination of Bailment
      • Lien
      • Pledge
        • Rights of Pawnor
        • Rights of Pawnee
        • Duties of Pawnor
        • Duties of Pawnee
      • Finder of Goods
        • Duties of Finder of Goods
        • Rights of Finder of Goods
        • Pledge by Non-Owners
      • Carrier of Goods
        • Meaning of Charge
        • Meaning of Mortgage
        • Sale Vs. Mortgage, Pledge and Hypothecation
      • Review Questions
    • Chapter 14 Law of Agency
      • Introduction
      • Contract of Agency—Special Features
        • General Rules Regarding Agency
      • Classification of Agents
      • Creation of Agency
        • Rules of Ratification (Elements of Ratification)
        • Effects of Ratification
      • Liabilities of the Principal towards Third Parties
        • Named Principal/ Disclosed Principal
        • Unnamed Principal
        • Undisclosed Principal
        • Revocation/Renunciation
        • Termination of Agent’s Authority as to Third Persons
      • Duties and Rights of Principal and Agent
        • Duties of Principal
        • Rights of Principal
        • Duties of Agent
        • Rights of Agent
      • Delegation of Authority of Agent
        • Exceptions to the General Rule [Sec. 190]
        • Effects of Delegation of Authority
        • Personal Liability of an Agent
      • Termination of Agency
        • By the Act of the Parties
        • By Operation of Law
        • Effects of Termination
        • Irrevocable Agency
      • Review Questions
    • Chapter 15 Formation of Contracts Under the Sale of Goods Act, 1930
      • Introduction
      • Contract of Sale
        • Sale
        • Elements of Contract of Sale
        • Making of Contract of Sale
        • Subject-matter of Contract
        • Distinction between Sale and Agreement to Sell
      • Sale and Hire-purchase Agreement
        • Essentials of Hire-purchase Agreement
      • Meaning of Goods [Sec. 2 (7)]
        • Documents of Title to Goods [Sec. 2 (4)]
      • Classification of Goods
        • Existing Goods
        • Future Goods
        • Contingent Goods
      • Price of Goods
        • Modes of Fixing the Price
        • Ascertainment of Price (Sec. 9)
        • Agreement to Sell at Valuation (Sec. 10)
        • Earnest Money
      • Conditions and Warranties
        • Stipulations as to Time
        • Condition and Warranty (Sec. 12)
        • Distinction between Condition and Warranty
        • Circumstances when a Condition can be Treated as Warranty
      • Implied Conditions and Warranties [Secs. 14 – 17]
        • Implied Warranties as to the Title and Possession (Sec. 14)
        • Implied Conditions as to the Description (Sec. 15)
        • Implied Conditions as to Quality or Fitness (Caveat Emptor) [Sec. 16]
        • The Exceptions to the Doctrine
        • Implied Condition as to the Mercantile Quality [Sec. 16 (2)]
        • Usage of Trade [Sec. 16 (3)]
        • Sale by Sample [Sec. 17 (1)]
      • Review Questions
    • Chapter 16 Transfer of Property and Rights of an Unpaid Seller
      • Introduction
      • Transfer of Title By Non-owners (Secs. 27–30)
        • General Rule as to Transfer of Title (Sec. 27)
        • Exceptions to the Rule
      • Performance of the Contract
        • Rules Regarding Delivery of Goods
      • Rights of the Buyer
        • Acceptance
      • Rights of an Unpaid Seller
        • Rights of an Unpaid Seller against Goods (Sec. 46)
        • Stoppage in Transit
        • Rights of Unpaid Seller against the Buyer Personally
        • Auction Sale
      • Review Questions
  • Part - II   COMPANY LAW
    • Chapter 17 Nature of a Company
      • Company - Meaning
      • Company - Definition
      • Characteristics of a Company
      • Is Company a Citizen?
      • Lifting of Corporate Veil
      • Illegal Association
      • Kinds of Company
        • Classification of Companies
        • Association Not for Profit [Section 8]
        • One Man Company
      • Body Corporate
      • Special Privileges and Exemptions to a Private Company
      • Distinction between a Private Company and a Public Company
      • Distinction between Partnership and a Company
      • Advantages of Association Not for Profit Companies
      • Dr. V. Balachandran is formerly Registrar-in-Charge and Dean - Faculty of Management, Sr. Professor & Head, Department of Corporate Secretaryship, Alagappa University. He is a Fellow Member of the Institute of Company Secretaries of India, New Delhi. He has over 35 years of teaching and research experience. A prolific author, he has written books on GST, Office Management, Legal Aspects of Business, Economic and Other Legislations, Company Law and Secretarial Practice and Business Taxation.

        Dr. S Thothadri is Assistant Professor, PG & Research Department of Commerce, The New College (Autonomous), Chennai. He has over 22 years of teaching experience and is a prolific author of books on Business Law, Legal Aspects of Business, etc.

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