Course File for MBA Paper for First Semester

MB 104: LEGAL AND BUSINESS ENVIRONMENT

(MICRO & MACRO)
Author - Prof. Anushriya Mukherjee
Date: 1st August , 2021
Lecture Hours : 40
Credit Hours : 4
Syllabus Copy of the subject : Attached
Detailed Weekly Week plan : Attached
Topics Covered Each Week : Attached
Course Overview: The course would reflect a clear picture of understanding the different environment in
the business climate, the minor and major factors affecting the business in various streams and in-depth
knowledge about legal environment etc..
Schedule of Assessment (Assignments, midterms, projects quizzes, and/or final exam )
Evaluation Scheme Marks
Semester Exam 70
First internal & second internal 10
Surprise test on Mercantile Law 5
Presentation by students on role of state 2.5
and its impact on business organization

Attendance 5
Presentation by students on Intellectual 5
Property Rights
Case studies on Legal Environment of 2.5
Business

Course Objective
Overall: To provide the first year students a common platform where they would be able to understand the
concept of business environment its meaning, scope and importance, various aspects/constituents. To develop
an understanding of the regulation of registered companies and to provide understanding of the various
provisions of the Indian Company Law.
Topic wise :
1. Legal Aspects of Business – A basic understanding of role of business in the society,state and laws,
Mercantile Law
2. Indian Contract Act, 1872 – A basic knowledge of Indian Contract Act, 1872, its various aspects and
constituents
3. Sale of Goods Act, 1930 – A basic understanding of Sales and Goods Act, 1930, its various aspects and
constituents
4. Negotiable Instruments Act, 1881–. A basic understanding of Negotiable Instruments Act, 1881, its
various aspects and constituents
5. Companies Act, 1956- To acquaint them with Companies Act, 1956, nature, form, formation of companies.
6. Consumer Protection Act, 1986– Gain knowledge on Consumer Protection Act, 1986, its salient features,
objectives etc.
.
7. Intellectual Property Right – To emphasize the essential aspects the fundamentals of Intellectual property
Rights.
8. Economic Indicators- students will have the knowledge and skills of different Economic indicators like,
consumer Price Index, Inflation Rate etc.
9. Intellectual Property Regime – Came to about the guidelines on Intellectual Property Regime
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10. Legislation for Anti-competitive and Unfair Trade Practice – have an idea of objectives of
MRTP ACT, 1969, Competition Act, 2002 and difference between them.

Course outcome: Students will able to understand basic aspects of contracts for making the agreements,
learn legitimate rights and obligations under The Sale of Goods Act, Companies Act, other different Acts,
understanding of the various provisions of the Indian Company Law.

Topic wise :
1. Legal Aspects of Business – Gain knowledge on the role of business in the society, state and laws,
Mercantile Law
2. Indian Contract Act, 1872 – Able to demonstrate basic Indian Contract Act, 1872, its various aspects and
constituents
3. Sale of Goods Act, 1930 – ability to understand Sales and Goods Act, 1930, its various aspects and
constituents
4. Negotiable Instruments Act, 1881–. Gain a basic understanding of Negotiable Instruments Act, 1881, its
various aspects and constituents
5. Companies Act, 1956- Good understanding of Companies Act, 1956, nature, form, formation of companies.
6. Consumer Protection Act, 1986– They gain knowledge on Consumer Protection Act, 1986, its salient
features, objectives etc.
7. Intellectual Property Right – Came to understand the fundamentals of Intellectual property Rights.
8. Economic Indicators- Gather information have the knowledge and skills of different Economic indicators
like, consumer Price Index, Inflation Rate etc.
9. Intellectual Property Regime –have got knowledge about the guidelines on Intellectual Property Regime.
10. Legislation for Anti-competitive and Unfair Trade Practice – Have an understanding of MRTP ACT,
1969, Competition Act, 2002 and difference between them.

Chapter Wise
a) Semester Model Questions
b) Previous year questions— 2015, 2016, 2017, 2018
c) Assignments---
Presentation by students on Inflation Rate and its impact on Business.
.
d) Objective type questions/MCQs— 2013,2014,2015,2016,2017,2018

How Programme Outcomes are assessed:

Programme Outcomes Level Proficiency Assessed

a Integrative experience and H Power Point
experiential learning of Presentations,
Marketing Skills: Formulate an Lectures and Real
integrative learning support through Life Case Solving
the application of multidisciplinary
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b Problem analysis: Identify, H Power Point
formulate, review research Presentations,
literature, and analyze complex Lectures and Real
management problems reaching Life Case Solving
substantiated conclusions using
decisions based on creative
c Design/development of solutions: H Assignments
Design solutions for complex
organizational problems and design
system components or processes
that meet the specified needs with
appropriate consideration for the
public health and safety, and the
cultural, societal, and environmental
d considerations.
Effect of global environment S Case Study
on business:
Employ effective cross-
cultural communication
Demonstrate ability to manage in
circumstances where business

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 and social conventions are
different than those in the
graduate’s native country.
Demonstrate awareness of
commonalities among
international business activities
e Social, legal and ethical N -
responsibilities of organizations
and society:

Analyze the impact of decisions

and actions on stakeholders
including interpersonal, societal,
environmental, and organizational
considerations

Apply appropriate frameworks for

evaluating and creating effective
organizational responses to diversity

Demonstrate awareness of
economic, environmental,
political, legal, and regulatory
contexts of global business
practice

Understand, analyze, and apply

ethics frameworks to corporate
f social responsibility and ethical H
Strategic and innovative Assignments &
thinking skills to enable case Study
effective decision- making and Presentations
problem solving: Develop skills
to generate novel and value-
creating products, processes, or
organizational forms

Identify problems, define

objectives collect and analyze
information, evaluate risks and
alternatives, and leverage
technology to enable qualitative
and quantitative methods to solve
problems

Assess environment and

opportunities; align business
activities and develop and

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g Effective oral, written and N
presentation communication
skills:

Prepare logically constructed and

relevant oral and written arguments
and information

h Demonstrate
Ethics: Applyprofessional
ethical principles N -
and commit to professional ethics
and responsibilities and norms of
the engineering practice.
i Individual and team work: H Group Presentations
Function effectively as an
individual, and as a member or
leader in diverse teams, and in
multidisciplinary settings.
j Functional business knowledge of H Power Point
marketing, operations, Presentations,
information technology, finance, Lectures
accounting, statistics and
quantitative analysis:

Analyze and apply

accounting information to
facilitate strategic decision
making

Employ financial decision

models to select appropriate
projects for a business enterprise
and manage firm growth through
strategies such as mergers,
acquisitions, international
k Life-long learning: Recognize the S -
need for, and have the preparation
and ability to engage in
independent and life-long learning
through delivering appropriate

N= Not Related S= Supportive H= highly related

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Syllabus:

1 2L

2 6L

3 4L

4 2L

5 2L

6 2L

7 2L
8 6L

9 2L

10 2L

11 4L

12 4L

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List of Text Books Used

Required :

Recommended :
2)

Reference :

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Lesson/Course Plan

Lecture Description Reference

No.
L1 Legal Aspects of Business - Society, State and Law TE1 & TE2
L2 Enforceability of Law, Mercantile Law. TE1 & TE2
L3 Indian Contract Act, 1872 – Contract define Elements of TE1 & TE2
valid contract
L4 Classification of contracts, Offer and acceptance, Consideration, TE1 & TE2

L5 Capacity to contracts, Free consent, Legality of object and TE1 & TE2
consideration,
L6 Illegal agreements, Termination of contracts TE1 & TE2
L7 Breach of contract, TE1 & TE2
L8 Indemnity and guarantee, Laws of agency TE1 & TE2
L9 Sale of Goods Act, 1930 – Classification of goods, TE1 & TE2
L10 Conditions & Warranties, Passing of ownership rights, TE1 & TE2
L11 Rights of an unpaid seller, TE1 & TE2
L12 Remedies for breach of Contract of Sale ofGoods. TE1 & TE2
L13 Negotiable Instruments Act, 1881 – Definition and characteristics of TE1 & TE2
different types of
L14 Parties to a negotiable instrument and their capacity, TE1 & TE2
L15 Dishonor of cheques, Discharge from Liability, Crossing of cheques, TE1 & TE2
L16 Bank drafts and Banker’s cheques. TE1 & TE2
L17 Companies Act, 1956 – Nature and kinds of companies TE1 & TE2

L18 Prospectus, Capital – shares, TE1 & TE2

L19 debentures, borrowing powers, TE1 & TE2

L20 minimum subscription TE1 & TE2

L21 Appointment of Directors TE1 & TE2

L22 Winding up of companies (Including Amendments) TE1 & TE2

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 L23 Consumer Protection Act, 1986 – Salient features and objectives of the TE1 & TE2
Consumer
L24 Protection
Different Act, 1986,
Consumer redressal Forums, Composition and TE1 & TE2
jurisdiction of district,
L25 state and National forum, Mode of complaints, TE1 & TE2
L26 Procedures for disposal of complaints, Penalty. TE1 & TE2
L27 Intellectual Property Right- Laws relating to Patents TE1 & TE2
(Patent Act, 1970),
L28 Trademarks (Trademark Act, 1999), TE1 & TE2
L29 Copyright (Copyright Act, 1957) TE1 & TE2
L30 Geographical Indications (Registration & Protection) Act, 1999 TE1 & TE2
L31 Economic Indicators – Consumer Price Index, TE1 & TE2
L32 Interest Rate, TE1 & TE2
L33 Inflation Rate and its impact on Business, TE1 & TE2
L34 Business Risk TE1 & TE2

L35 Intellectual Property Regime (WTO Guidelines) TE1 & TE2

L36 Intellectual Property Regime (WTO Guidelines) TE1 & TE2
L37 Legislation for Anti-competitive and Unfair Trade Practice TE1 & TE2
– Objectives of MRTP Act, 1969
L38 Objectives of Competition Act, 2002, TE1 & TE2
L39 Monopolistic Trade Practice, TE1 & TE2
L40 Anti-competitive Agreement, MRTP vs Competition Act TE1 & TE2

References: TE1: Sen & Mitra: Commercial law; World Press

TE2: Pathak: Legal Aspect of Business, TMH

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Mapping Course Objectives leading to the achievement of the program outcomes:

Course
Objective a b c d e f g h i j k
s 1 H H S H s
2 H H H H s
3 H S
4 H H H
5 H H
6 H H H S
7 S
8 S S
9 H S S
10 S S
11 S S
12 H S
13 s S

Mapping Course Outcomes leading to the achievement of the program outcomes:

Course
outcomes a b c d e f g h i j k
1 H S S S
2 H H H S S S
3 S H
4 S S S
5 H
6 S S
7 H S
8 S S
9 S S
1 S
10 H S
1 H
1 H
3

1
0
Relevant Journal Papers -------- NA

Applications in Real Life

a) Case on the study of Urbanization in India and its Impact on Environment

b) Case study on AIDS Drugs - Have Patent Rights Triumphed over Patients' Rights?

Topics covered beyond syllabus (if any)

For each Assessment

a) Sample of best student answer ---- Attached

b) Sample of average student answer
c) Sample of worst student answer ----- Attached
d) Full Record of Results for all Assessments— Attached

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