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LEB - Course Outline - Updated

The document outlines a course on the legal environment of business. The course is compulsory and worth 3 credits. It will cover topics like contracts, sale of goods, business organizations, intellectual property, consumer protection, and competition law over 24 sessions. Students will be evaluated through class participation, assignments, presentations, a mid-term exam and an end-term exam.

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56 views

LEB - Course Outline - Updated

The document outlines a course on the legal environment of business. The course is compulsory and worth 3 credits. It will cover topics like contracts, sale of goods, business organizations, intellectual property, consumer protection, and competition law over 24 sessions. Students will be evaluated through class participation, assignments, presentations, a mid-term exam and an end-term exam.

Uploaded by

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INDIAN INSTITUTE OF MANAGEMENT KOZHIKODE

Post Graduate Programme in Management


Course Outline

LEGAL ENVIRONMENT OF BUSINESS

Course Code and Course Title PGP LSM , LEGAL ENVIRONMENT OF


BUSINESS (LEB)
Course Type Compulsory
Pre-requisites (if any) Nil
Course Credit 3
Total No. of Sessions 24
Session Duration 75 minutes
Term I
Year and batch 1st year 2021-2023, PGP LSM-01 Batch
Sections (if any) A

Instructors(s) Prof. Deva Prasad M


Contact Details [email protected]
Office Faculty Block 3
Consultation Hours To be announced

Introduction

Business is both facilitated as well as regulated by laws. Pertinent legal concepts helpful for
day-to-day functioning in a commercial/business environment are introduced through this
course. Knowledge of business law concepts is significant for effectively steering forward an
existing business organisation as well as for evolving new entrepreneurial ventures.

Learning Outcomes/Course Objectives

At the end of the course the participants would be able to

1. Apply legal, regulatory and ethical concepts of legal environment of business to


critically examine organizational problems and issues, using various analytical tools
and frame works.
2. Understand legal, regulatory and ethical concepts of legal environment of business to
evaluate the effectiveness, competence and ethicality of managerial decisions. (PLO
3.2)

Textbooks and Learning Materials

Text Book(s)

1
Rashmi Aggarwal and Rajinder Kaur, Legal Aspects of Business, 1st Edition, Pearson, 2020
[RR-LAB].

Reference Book(s)
 Anurag K Agarwal, Business Leadership and Law, Springer, New Delhi 2017 [AKA-
BLL].
 Anurag K Agarwal, Business Law for Managers, Penguin Portfolio (IIMA Book
Series) New Delhi 2018 [AKA-BLM].
 Constance Bagley, Managers and the Legal Environment: Strategies for the 21st
Century, Eighth Edition, Cengage Learning, Boston, 2016.
 Daniel Albuquerque, Legal Aspects of Business: Texts, Jurisprudence, and Cases,
Second Edition, Oxford University Press, New Delhi, 2015.
 Anurag K Agarwal, Business and Intellectual Property, Random House India, New
Delhi 2010 [AKA-BIP].

Additional Reading(s)
Hard copies of relevant additional reading materials will be distributed as and when required.

Technology and Software (if any)


NIL

Other Resources (Journals, Internet Websites) (if any)


NIL

Pedagogy Used/Learning Process

The course will be primarily offered through lectures, discussion and analysis of relevant
practical legal issues through decided cases. In the course delivery, emphasis is on the
maximisation of student learning within the classroom itself, by way of methods such as
problem based learning method. The participants are encouraged to read introduction to the
subject in order to equip them to explore and analyse the legal issues to be discussed in the
class.

Evaluation Components/Assessment of Student Learning

Assessment Weightage Description CLO tested


Tool
Class 15% Students are expected to work in teams
Participation or individually analysing contemporary
and Quiz issues regarding legal aspects of
Assignments& 20% business.
Presentations
Mid Term 25% These components are required to check
and evaluate students’ understanding of
End Term 40% legal concepts and principles and their PLO 3.2

2
application in solving managerial
decision-making problems.

Session Plan

Session Module Topic Chapter No. / Reading


material / Cases
1-2 Introduction to  Relevance of Business [AKA-BLL]: Chapter 1
Law laws for Managers
 Introduction to Indian
Legal System

3-7 Legal Aspects General Contracts [RR-LAB]: Chapter 2,3,5


of Contract  Essentials of Formation of
a Contract
 Breach of Contract
 Termination and Damages
 Contracting with
Government
[RR-LAB]: Chapter 11
Special Contracts
 Agency
 Guarantee
 Indemnity

8-9 Law relating to  Merchantable Quality of [RR-LAB]: Chapter 12


Sale and Goods
Quality of  Caveat Emptor
Goods  Conditions & Warranties

3
10 - 14 Legal Aspects Partnership
of Business  Mutual Agency
Organizations  Registration and
Dissolution of Partnership

Limited Liability Partnership [RR-LAB]: Chapter 16,


(LLP) 17, 18,26, 27, 28 and 31
 Nature of LLP
 Formation of LLP
 Partners and

Company Law
 Characteristic of a
Company
 Memorandum & Articles
of Association
 Doctrines of: Ultra Vires,
Constructive Notice &
Indoor Management
 Importance of Independent
Directors
 Meetings and Resolutions
 Insolvency of a Company

15 - 18 Law relating to  Patents [AKA-BIP]: Chapters 2,


Intellectual  Compulsory Licensing 3, 4 and 7
Property Rights  Copyrights
 Trademarks
 Offence of Passing Off
 Designs
 Trade Secrets

19 - 22 Law and Trade Consumer Protection [RR-LAB]: Chapter 13


Practices  Unfair Trade Practice
 Restrictive Trade Practices
 Product Liability

Competition Law
 Anti-Competitive
Agreements
 Abuse of Dominant
Position
 Regulation of
Combinations

23 - 24 Summary & Contemporary Challenges,


Conclusion Course review and Conclusion
 Business Taxation

4
 Corporate Criminal
Liability

Additional Instructions (if any)


NIL

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