Mercantile Law

Mercantile Law explains the fundamental principles of the basic laws governing the modern business world. It presents a comprehensive, systematic and coherent study of the laws relating to Contracts, Sale of Goods, Partnership, Negotiable Instruments, Information Technology, Consumer Protection, Insurance, Insolvency, and Arbitration and Conciliation. It discusses the statutory provisions and the intricacies of law and explains the logic behind them.

A large number of decided cases and illustrations given in the text explain the practical implications of the law. Practical problems with hints and solutions have been given at the end of each chapter for the student’s self-assessment.

This book is very useful to candidates appearing in the following exams. :

1. The book remains the leading text for students preparing for B.Com, M.Com, CA, ICMA, MBA, Company Secretaries, IAS, banking and judicial services examinations.

2. It also serves as a handy and compact volume for those engaged in business, young managers and all others interested in the study of business law.

The main features of the book are as follows:

1. The provisions of the Information Technology (Amendment) Act, 2008, which came into force after the publication of the previous edition (i.e., on 27th October, 2009), have been incorporated..

2. Existing illustrations have been updated, making them more suitable to the present times.

3. A few latest decided cases have been added to elucidate the law on important specific points.

Part-I:

• Law of Contract
• Nature and Kinds of Contracts
• Offer and Acceptance
• Consideration
• Capacity of Parties
• Free Consent
• Legality of Object and Consideration
• Void Agreements
• Contingent Contracts
• Performance of Contracts
• Discharge of Contract
• Quasi-Contracts
• Remedies for Breach of Contract
• Indemnity and Guarantee
• Bailment and Pledge
• Agency

Part-II:

• Law of Sale of Goods
• Contract of Sale of Goods
• Conditions and Warranties
• Transfer of Property
• Performance of Contract of Sale
• Rights of Unpaid Seller

Part-III:

• Law of Partnership
• Definition and Nature of Partnership
• Formation of Partnership
• Rights, Duties and Liabilities of Partners
• Dissolution of Partnership Firm

Part-IV:

• Law of Negotiable Instruments
• Negotiable Instruments
• Parties to Negotiable Instruments
• Presentment of Negotiable Instruments
• Negotiation of Negotiable Instruments
• Dishonour and Discharge of Negotiable Instruments
• Crossing and Bouncing of Cheques

Part-V:

Law of Information Technology

Information Technology Act, 2000

Part-VI:

• Law of Consumer Protection
• Consumer Protection Act, 1986

Part-VII:

• Law of Insurance
• Nature and Principles of Insurance
• Life Insurance
• Fire Insurance
• Marine Insurance

Part-VIII:

• Law of Insolvency
• Objects and Scope of the Insolvency Law
• Procedure of Insolvency
• Property and Debts of Insolvent
• Discharge of Insolvent

Part-IX:

• Law of Arbitration and Conciliation
• General Provisions Regarding Arbitration
• Arbitral Tribunal
• Arbitration Proceedings
• Conciliation
• Enforcement of Certain Foreign Awards