Foreword for Business law
There is a well-known Maxim in Latin “IGNORANTIA JURIS NON EXCSUT” – Ignorance of Law excuses none. It is a legal principle which says that a person who is unware of law may not be excused from the liability for violating the law by merely saying he/she is unaware of it.
Of course, it is not possible for a common human being to remember/learn about all the branches of law. But at least, a person should know the law of the law by which he/she is governed.
It is not only essential for a merchant to know about this law but also to an individual because they are living in a civilized society and enter into so many contracts from sunrise to sunset every day.
The BCOC 133 for B. Com online course having 6 credits is designed in a simple form by keeping in view the common core syllabus of the university of IGNOU in such a manner that it can be easily understood even by a common person having no knowledge of law.
Business law focuses on all the types of agreements like Social, Domestic, Moral, Religious and Commercial. Out of these 5 agreements it is only the legal or commercial agreements which speaks about enforceability. It ultimately helps a Business to function smoothly within the legal boundaries of the law of the land by which the people are governed.
Through this course the students are made capable enough in guiding the management in decision making without receiving any constant help from the legal department. With this knowledge the students can manage the business more efficiently by avoiding unwanted legal issues as they are capable enough to understand the legal terms and conditions that are related to the business.
1.M.C.Kuchhal,and Vivek Kuchhal, Business Law, Vivek publishing house, New Delhi
2.Avatar singh, Business law, Eastern book company, Lucknow.
3. S. N Maheshwari and SK Maheswari, Business law, National Publishing
4.G.K. Kapoor Business law, Scholar Tech press, New Delhi
5. P. C. Tulasian and Bharath Tulaian, Business law, McGraw Hill Education
Dr. N. Rajendra Prasad is currently Assistant Professor in the School of Management studies in the discipline of Commerce, Indira Gandhi National Open University New Delhi. He has done B. Com from Osmania University. He is a Post Graduate in Commerce and obtained his Ph.D degree from the Department of Commerce, Osmania University. He was a Project Fellow under UGC Major Research Project titled “Financing Cost and Efficient Analysis of Public Hospitals in Andhra Pradesh”. He has also worked as a ICSSR Doctoral Research Fellow. He is a Life Member of Indian Commerce Association and Telangana Commerce Association. Dr. Prasad has a brilliant academic record. He has been a Guest Faculty in various Colleges and academic institutions. His academic, organizing abilities are well known to the students of Osmania University. He has a number of publications in National and International journals of repute. He is a personality deeply committed to the academics. During his Ph.D. tenure, he was considered as one of the committed and passionate research scholars of the Department of Commerce, Osmania University. He has also received many best research paper awards at various conferences. He has published many articles in prominent dailies of the Telangana State on different educational and social issues.
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