Baqar Subhan
Business Law (Law 201)
Business Law (Law 201)
Introduction to Law
Sources of Law
Different Types of Laws
Constitution
History of Constitution of Pakistan
Commonwealth
Introduction to Business Law
Types of Business
Business Law
Law of Contract
Law of Partnership
Sale of Goods
Principal & Agent
Arbitration
Negotiable Instruments
Company Law
Role of IPO
Text Books and Essential Readings
• Text Book
“Business law” by M.C.Shukla
• Bare Act
Companies ordinance 1984, Contract Act 1872,
Partnership Act 1932, Arbitration Act 1940
• Reference book
Khawaja Amjad Saeed: Mercantile and Industrial
Law in Pakistan, I.R. Hashmi: Mercantile LawRelevant Acts and Ordinances.
• Reference website
www.secp.gov.pk, http://ipo.gov.pk/Default.aspx
Assessment Plan Quizzes,
Assignments etc.
Week 3
Week 4
Week 8
Week 9
Week 11
Week 12
Week 13
Week 14
Week 15
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Assignment
Quiz
Assignment
Quiz
Presentation
Assignment
Quiz
Assignment
Quiz
Introduction to Law
Almost everything we do is governed by
some set of rules. There are rules for
games, for social clubs, for sports and for
adults in the workplace. There are also
rules imposed by morality and custom that
play an important role in telling us what we
should and should not do. However, some
rules -- those made by the state or the
courts -- are called "laws".
Introduction…….
Laws resemble morality because
they are designed to control or alter
our behavior. But unlike rules of
morality, laws are enforced by the
courts; if you break a law -- whether
you like that law or not -- you may
be forced to pay a fine, pay
damages, or go to prison.
Sources of Law
Constitution
Legislative Enactment – Statue
Customs
Judicial Decisions
Treaties
Other Sources
writings of legal scholars
edicts from a king/ ruler;
Sharia law
Different Types of Laws
Public law, Criminal law, Tort Law,
Trusts law, Civil law, Family law,
Corporate law, Employment law,
Admiralty law, Aviation law,
Bankruptcy law and Consumer law
etc.
Constitution
A Constitution is the Skeleton of
Laws for Country
It is a set of fundamental principles
or established precedents according
to which a state or other
organization is governed
History of Constitution of
Pakistan
The Government of India Act, 1935
The Constitution of 1956
The Constitution of 1962
The Constitution of 1973
Commonwealth
The Commonwealth of Nations,
commonly known as the
Commonwealth (formerly the British
Commonwealth)
Introduction to Business Law
Business law encompasses all of the
laws that dictate how to form and run a
business. This includes all of the laws
that govern how to start, buy, manage
and close or sell any type of business.
Business laws establish the rules that all
businesses should follow.
Introduction …..
A sensible businessperson will be
generally familiar with business laws
and know when to seek the advice of
an Attorney. Business law includes
Provisional and Federal laws, as well
as administrative regulations.
Next Topic - Types of Business
Growth of Business
Sole Proprietorship
Partnership
Company