Introduction to Business Law

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Introduction to Business Law

BUS 360, “Introduction to Business Law” course is designed and taught to give students an appreciation of legal environment in relation to commercial activities.  In today’s world ignorance of law is no excuse, therefore we are always bound by the terms of law and it is mandatory that we abide by the rules of law.  With globalization, companies and various non-legal organizations face new legal complexities and threats in doing business. It is thus the legal concepts and structures within a business institution, which help organizations, understand their legal limitations.

This is course has been specifically designed keeping in mind the future managers. In a highly complex, globalized and increasingly sophisticated business environment it is imperative for every manager to be at par with the ever-changing legal environment and norms of trade and commerce.

Bangladesh, with a resilient and vibrant private sector has attracted global attention. Today, it is home to various multi-national and national firms operating in various fields, from telecom, Fast moving consumer goods, ready-made garments to banking and finance. This global attention makes it ever more important upon our future managers to know not only the commercial side of things but also the legal aspects of running a company to enable managers to be quick and efficient decision makers.

While the law remains the domain of lawyers, it is essential for managers to know the basic principles on which a society stands upon i.e. law and under which trade and commerce thrives. The sole purpose of this course would however be informative and general – as a tool for decision-making – as it is and should be the forte of good managers.

  1. It is the student’s responsibility to gather information about the assignments and covered topics during the lectures missed. Regular class attendance is mandatory. Points will be taken off for missing classes. Without 70% of attendance, sitting for final exam is NOT allowed. According to IUB system students must enter the classroom within the first 20 minutes to get the attendance submitted.
  2. The date and syllabus of quiz, midterm and final exam is already given here, however, announcements will be given ahead of time. There is NO provision for make-up quizzes.
  3. The reading materials for each class will be given prior to that class so that student may have a cursory look into the materials.
  4. Class participation is vital for better understanding of sociological issues. Students are invited to raise questions.
  5. Students should take tutorials with the instructor during the office hours. Prior appointment is required.
  6. Students must maintain the IUB code of conduct and ethical guidelines offered by the School of Business.
  7. Students must refrain from any type of cheating and/or plagiarism in a course. Any student acting otherwise will receive an “F” grade in the course. School of Business, IUB, maintains a zero tolerance policy regarding violation of academic integrity.
  1. Students are not allowed to keep bags, handouts, books, mobile phones, smart watches or any other smart electronic devices with them during any exam. Students are advised to keep everything in the front of the class room before the exam starts. Please note that, just carrying any smart electronic devises (even if the devise is turned off or put it in silent mode) during the exam will be considered as “cheating”. Moreover, during the exam, anything written on hand palms (or anywhere else) and carrying paper materials (whatever is written) will be considered as “cheating”. Any sorts of “cheating” will result in an “F” grade with no exception. During the exam, students are only allowed to carry pen, pencil, eraser, sharpener, ruler, highlighter and calculator in a clear plastic bag.
Type of Evaluation Nos. Weight
Class Attendance and Participation 100% 10
Quiz 2 10
Project and Presentation 01 25
Midterm Exam 01 25
Final Exam 01 30
Total   100%

[Class attendance is mandatory; failure to do so may deduct the final marks]

The following chart will be followed for grading. This has customized form the guideline provided by the school of Business.

A A- B+ B B- C+ C C- D+ D F
90-100 85-89 80-84 75-79 70-74 65-69 60-64 55-59 50-54 45-49 0-44

* Numbers are inclusive

The course will be based mostly on the following books [some other books and journals may be referred time to time]:

  • Commercial Law and Industrual Law , 27th Edition Author :Arun Kumar Sen &Jitendra Kumar Mitra


Link to virtual learning system: (School of Business – Faculty name- Login as a guest- password is 1234).

The following table shows the topics likely to be covered from the textbook, leading up to the mid-term and final exams. However, the instructor reserves the right to add and/or subtract topics, or change the sequence in which they are covered. Students will be notified of all alterations to the course plan in class.

Laws of Contract
1. The essential element of contract
2. Offer and acceptance
3. Intention to create legal relations
4. Consideration
5. Capacity of parties
6. Performance of contracts
7. Termination or discharge of contracts

The law relating to the sale of goods
1. Definition
2. Transfer of ownership
The law of Partnership
1. Nature of partnership
2. Rights an liabilities of partners

Company law
1. Introduction
2. The Memorandum and Articles of Association
3. The Formation of a Company
4. Capital share and shareholder
5. Directors
6. Company management
7. Control over companies

Labor law
Selected parts as per class lecture

Students who are willing to audit the course are welcome during the first two classes and are advised to contact the instructor after that.

Plagiarism- that is the presentation of another person’s thoughts or words as though they were the students’ own – must be strictly avoided. Cheating and plagiarism on exam and assignment are unacceptable.

Please see the green book for further information about academic regulation and policies, including withdrawal and grading, apples and penalties for pilgrims and academic misconduct.

Students with disabilities are required to inform the School of Business/ Department of Economics of any specific requirement for classes or examination as soon as possible.