This student-friendly text on Mercantile Law (often called Business Law) discusses in detail the various laws and Acts relating to Mercantile Law. Divided into three parts, Part I, The Indian Contract Act, 1872 discusses topics such as Agreement and Contract, Offer and Acceptance and Consideration. Part II, The Sale of Goods Act, 1930 deals with Formation of Contract of Sale, Conditions and Warranties, Transfer of Ownership in Goods, and so on. Part III, The Indian Partnership Act, 1932 analyzes Nature of Partnership, Relations of Partners to One Another, and Registration and Dissolution of a Firm. The subject has been covered by topics rather than in the strict order of sections in the different Acts so that students can understand the matter with greater ease.

Primarily intended as a text for CPT (Common Proficiency Test) course of the Institute of Chartered Accountants of India (ICAI), this accessible text should prove to be valuable also for the undergraduate students of Commerce and Management, ICWAI, ICSI, and those appearing for Judicial Services examination.

DISTINGUISHING FEATURES :

Cites examples, wherever necessary, to clarify the implication of the law.

Illustrates concepts with the help of many worked-out examples (problems).

Provides a large number of multiple choice questions (MCQs) with answers.

Furnishes a Glossary on the legal terms used.

Provision of Case Law gives solidity to the text.

Supplements the text with pedagogical features such as Bird’s Eye View to make the book very practical and easy to understand.About the AuthorP. Mohana Rao (Ph.D.) was formerly Reader, Department of Commerce, Sri Krushna Chandra Gajapati (SKCG), an Autonomous College in Orissa. He has over three decades of teaching experience. Dr. Rao has authored Financial Statement Analysis and Reporting, Mercantile Law (for CPT course), and Fundamentals of Accounting for CPT—all published by PHI Learning. He has also published 30 articles and research papers in reputed journals and periodicals.