Mercantile Law

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Publisher: Prime Publishing House
ISBN: 9789373442181
Year: 2025
Pages: 98

Mercantile Law is a comprehensive and student-friendly textbook that provides a clear understanding of the legal principles governing business and commercial transactions. The book introduces the fundamentals of contract law, focusing on the essential elements, types, performance, discharge, and remedies of contracts, along with an overview of e-contracts in the modern digital environment.

It also covers key areas of business law including partnership, limited liability partnership (LLP), company law, and consumer protection. Important concepts such as the rights and responsibilities of consumers, legal frameworks of business organizations, and regulatory provisions are explained in a simple and structured manner. The inclusion of practical examples and case-based insights helps learners connect legal theory with real-world business situations.

Designed for clarity and application, this book serves as a valuable resource for students and learners seeking to develop a strong foundation in business law and its practical relevance in today’s commercial world.

1. Essentials of the Indian Contract Act, 1872
1.1 Background and Necessity of Contract Law
1.2 Nature of Contract, General Principles of Contract, Essential Elements of Contract
1.3 Types of Contracts
1.4 Performance and Discharge of Contracts
1.5 Remedies (Including damages, meaning, kinds and rules for ascertaining damages)
1.6 E-Contracts: Meaning, Nature, Formation, Validity, Legality and Recognition under the law

2. Overview of Business Laws and Consumer Protection
2.1 Partnership Act, 1932
2.1.1 Meaning and definition of partnership
2.1.2 Features of Partnership
2.1.3 Types of partners
2.1.4 Introduction to Partnership Act, 1932
2.2 Law Governing LLP
2.2.1 Meaning and definition of Limited Liability Partnership
2.2.2 Introduction to LLP Act
2.2.3 Basic Features of LLP
2.2.4 Differences between Partnership Firm and LLP
2.3 Consumer Protection Act, 2019
2.3.1 Objectives and Scope
2.3.2 Definition of Consumer and Consumer Disputes
2.3.3 Consumer Rights and Responsibilities
2.3.4 Consumer Redressal Agencies: District, State, and National Commission, Procedures and Jurisdiction
2.4 Companies Act, 2013
2.4.1 Meaning, Nature, and Characteristics of a Company
2.4.2 Silent features of the Companies Act, 2013
2.4.3 Applicability and Scope of the Act
2.4.4 Types of Companies (Private, Public, One Person, Section 8,
etc.)
2.4.5 Differences between Company and Partnership / LLP
2.4.6 Formation of a Company: Incorporation Process and Legal
Formalities

BBA | Second Year Semester – III, Open Elective (OE) This textbook is aligned with the revised syllabus as outlined by the National Education Policy 2020 (NEP 2020) for the Faculty of Commerce & Management Bachelor of Business Administration (BBA), effective from June 2025.

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