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Syllabus GRID:
Here is the grid for Syllabus of O6 Commercial Laws .
| GRID | WEIGHTAGE |
| Introduction to Legal System of Pakistan | 10% |
| The Contract Act, 1872 Sales of Good Act, 1930 Partnership Act, 1932 Negotiable Instrument Act, 1881 | 70% |
| PPRA Ordinance, 2002 (Public Procurement Regulatory Authority) PPRA Rules, 2004 | 20% |
Detailed Syllabus Contents:
The detailed Syllabus of Commercial Laws for upcoming attempt is given below.
PART – A
1. Introduction to Legal System of Pakistan
- Need of study of law
- Sources of law
- System of court
- Doctrine of precedent
- Pakistan’s law making authority
PART – B
2. The Contract Act, 1872
- Contract and its kinds
- Offer and acceptance
- Consideration and object
- Capacity of parties
- Free consent
- Void agreements
- Contingent and quasi contracts
- Performance of contract
- Discharge of contract
- Remedies for breach of contract
- Indemnity and guarantee
- Bailment and pledge
- Contract of agency
3. Sales of Good Act, 1930
- Contract of sale of goods
- Conditions and warranties
- Transfer of property
- Performance of contract of sale
- Rights of unpaid seller
4. Partnership Act, 1932
- Definition and essential features
- Kinds of partners including clauses related to minor partner
- Difference between partnership and co- ownership
- Formation of partnership
- Types of partnership
- Registration of firms and effect of non- registration
- Rights, duties and liabilities of partner
- Implied authority and non-implied authority of partner
- Re-constitution of a firm (incoming & outgoing partners)
- Modes of dissolution of a firm;
5. Negotiable Instrument Act, 1881
- Negotiable instrument
- Parties to negotiable instrument
- Presentment of negotiable instrument
- Negotiation of negotiable instrument
- Dishonour of negotiable instrument
- Banker and customer
PART – C
6. PPRA Ordinance, 2002 (Public Procurement Regulatory Authority)
- Chapter I.-Preliminary
- Chapter II.-Establishment Of Authority
- Chapter III.-Management And Administration Of The Authority
- Chapter IV.-Financial Provisions
- Chapter V.-Regulatory and Other Provisions.
- Chapter VI.-Miscellaneous
7. PPRA Rules,2004
- Short title and commencement.
- General Provisions
- Procurement planning
- Procurement Advertisements
- Pre-Qualification, Qualification And Disqualification Of Suppliers And Contractors
- Methods Of Procurement
- Opening, Evaluation And Rejection Of Bids
- Acceptance Of Bids And Award Of Procurement Contracts
- Maintenance Of Record And Freedom Of Information
- Redressal Of Grievances And Settlement Of Disputes
Recommended Books:
| TITLE | AUTHOR | PUBLISHER |
| Bare Acts | Govt. of Pakistan | Publications Division, Govt. of Pakistan. |
| Elements of Mercantile Law | N.D. Kapoor | Sultan Chand and Sons |
| Mercantile Law | Luqman Baig | Ghanzanfar Academy Pakistan |
| PPRA Rules | Govt. of Pakistan | Govt. of Pakistan |
SUMMARY:
Introduction
This course is designed to focus on the important topics of Business Laws, governing the operational aspects of business. A thorough study of this course will develop students’ knowledge about the legal system, contract, Partnership, Sales and Procurement Laws apply in Pakistan.
OBJECTIVE:
To equip the students with the knowledge of business laws, the course enables them to:
- Understand the legal system of Pakistan
- Understand application of commercial laws in industry
- Advise the management on the financial and non- financial implications of business laws for the effective operations of the business.
On completion of this course, you should be able to:
- Understand the legal system of Pakistan
- Comprehend the sources of business laws;
- Understand the various laws and provisions contained in the contract act, 1872;
- Elucidate the various laws and provisions contained in the sale of goods act. 1930 and partnership act, 1932
- Comprehend the laws related to negotiable instrument act, 1881;
- Get acquainted with Public Procurement Regulatory Authority (PPRA) Act and rules;
- Interpret Public Procurement Authority Laws and its practical guidelines used for tendering, bidding and awarding of contracts.
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