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Commercial & Industrial Laws |
Course Objectives:
Business environment is basically formed by a number of laws in force in a country relating to the conduct and behavior of business organizations. Business Executives in the course of performing their normal duties will encounter the application part of these laws. Unless they have a thorough knowledge about business laws, he or she will not be able to deal with two main groups of peoples related to a business i.e., outsiders and insiders. It is the objective of this course to give a detailed idea of the various laws in this regard.
Commercial Law (Marks-50)
Law of Contract -Weight-20%
203.01 Law of Contract - The Contract Act, 1872
Definition of a Contract, necessity of Contract Law, essential elements of a Contract; Classification of Contracts; Offer and acceptance in contract; Consideration and capacity of parties to Contract, Free consent, void and voidable agreements, Contingent Contract, Discharge of a Contract, Quasi Contract, Indemnity and Guarantee, Contract made through Agent, Law of Agency, Test of Agency, Different classes of agent, Creating Agency,, Misrepresentation and frauds by agent, Sub-agent, Co-agent, Agents’ right, Personal responsibility of agent.
Sale of goods Act -Weight-20%
203.02 Sale of Goods Act – 1930
Definition; Essential element of contract for the sale of goods, stipulation of sale, transfer of ownership, conditions and warranties, performance of contract of sale.
Others -Weight-10%
203.03 Negotiable Instruments Act, 1882
Definition and nature of negotiable instrument; Different types of negotiable instruments; Rights and liabilities of different parties of negotiable instruments; Dishonor of negotiable instruments.
203.04 Carriage of Goods Act -1815
Carriage of goods by road, sea and air; Laws relating to goods carried by road, sea and air.
203.05 Arbitration Act - Law of Arbitration
Definition, nature and procedure.
203.06 Trade Mark, Patent and Copy Right Act.
Industrial Law (Marks-50)
Factory Act -Weight-20%
203.01 Factories Act, 1965
Health, Hygiene, Welfare and Safety measures, Working Hours, Employment of young persons, Leave and Holidays, etc.
Industrial Ordinance -Weight-15%
203.02 Industrial Relations Ordinance, 1969
Importance of study of Industrial Relations, Trade Unions, Unfair labour practice, Collective Bargaining Agent (CBA), Strikes and Lock-out, Labour Court and Labour Appellate Tribunal.
Employment and Employee Benefits -Weight- 15%
203.03 Employment of Labour (Standing Orders) Act, 1965
Conditions of employment, Recruitment procedure, Classification of workers, Leave and Holidays, Stoppage of work, Calculation of period of continuous service, Lay-off, etc.; Retrenchment, Dismissal, Punishment, Termination, Penalties and Provident Fund Rules.
203.04 The Payment of Wages Act, 1936
Difference between Salary and Wages, Wages calculation; Responsibility of wage payment; Deductions, Fines, etc.
203.05 Workmen’s Compensation Act, 1923.
203.06 Shops and Establishments Act, 1965 and Shops & Establishments Rules 1970.
203.07 Companies Profits (Workers’ Participation) Act, 1968.
Text Books
1. The Contract Act, 1872 - Obaidul H. Chowdhury.
2. Mercantile Law – Charlesworth.
3. Labour and Industrial Law - A. A. Khan
4. Bangladesh Banks (Nationalization) Order, 1972.
5. Trade Marks Act, 1940.
6. Patent Design Act, 1911.
7. Relevant Acts.
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