Fundamentals of Business Laws And Business Communication (FBLC) (Paper-1) CMA Foundation

SECTION A: FUNDAMENTALS OF BUSINESS LAWS [80%]

1. Introduction - 10%

• Sources of Law 
• Legislative Process in India 
• Legal Methods and Court System in India 
• Primary and Subordinate Legislation 

2. Indian Contracts Act, 1872 - 30%

• Essential Elements of a Contract, Offer and Acceptance
• Void and Voidable Agreements, No Consideration No Contract
• Consideration, Legality of Object and Consideration
• Capacity of Parties, Free Consent
• Contingent Contracts
• Performance of Contracts
• Meaning of Indemnity, Guarantee, Pledge, Agent
• E-Contracts and E-Signature – Meanings and Requirements
• Discharge of Contracts
• Breach of Contract and Remedies for Breach of Contract

3. Sale of Goods Act, 1930 - 20%

• Definition
• Transfer of Ownership
• Essential Conditions of a Contract of Sale
• Conditions and Warranties
• Performance of the Contract of Sale
• Rights of Unpaid Seller

4. Negotiable Instruments Act, 1881 - 20%

• Characteristics of Negotiable Instruments
• Definitions of Promissory Note, Bill of Exchange and Cheque
• Difference between Promissory Note, Bill of Exchange and Cheque
• Crossing – Meaning, Definition and Types of Crossing
• Dishonour of Cheques (Section 138)

SECTION B: BUSINESS COMMUNICATION [20%]

5. Business Communication - 20%

• Introduction to Business Communication
• Features of Effective Business Communication
• Process of Communication
• Types of Business Communication
  • Formal and Informal Communication
  •  Written, Verbal and Non-verbal Communication
  • Vertical, Horizontal and Diagonal Communication
  • Upward and Downward Communication
•  Internet-based Business Communication
• Do’s and Don’ts of Communication through Social Media
• Writing and Drafting for Business Audiences
  •  Letter and Memorandum
  • Report – Formal and Informal
  • Business Proposal
  •  Enhancement of Writing Skills
•  Intercultural and International Business Communication
•  Barriers to Business Communication
•  Legal Aspects of Business Communication