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The new edition of Business Law is updated with amendments and relevant case law. Since last edition, Maharashtra Ordinance No. XVII of 2007 amending Maharashtra Co-operative Societies Act, 1960 is replaced by Maharashtra Co-operative Societies (Amendment) Act, 2008. Maharashtra Co-operative Rule, 1961 are amended on 18.05.2007. Some provisions of Companies Act are also amended in 2009. The text accordingly incorporates all relevant changes appropriately. The new concept in partnership is introduced, i.e., limited liability of partners by way of partners by way of enactment of Limited Liability Partnership Act, 2008. Contents : PART- I : TOPIC - 1 LAW OF CONTRACT (The Indian Contract Act, 1872) (Secs. 1 to 75) INTRODUCTION Chapter 1 Essential Elements of a Contract Chapter 2 Agreements and Contracts Chapter 3 Proposal Chapter 4 Acceptance Chapter 5 Consideration & Legality of the Object and Consideration Chapter 6 Capacity to Contract Chapter 7 Free Consent Chapter 8 Void Agreements Chapter 9 Communication Chapter 10 Contingent Contracts Chapter 11 The Performance of Contracts and Appropriation of Payments Chapter 12 Certain relations Resembling those created by Contract Chapter 13 Discharge of Contract Chapter 14 Breach of Contract - Consequences and Remedies PART - I : TOPIC - 2 LAW OF INDEMNITY & GUARANTEE, BAILMENT and PLEDGE AND LAW OF AGENCY (The Indian Contract Act, 1872) (Secs. 124 to 238) Chapter 1 Law of Indemnity and Guarantee Chapter 2 Bailment and Pledge Chapter 3 Law of Agency PART - I : TOPIC - 3 LAW OF SALES OF GOODS (The Sales of Goods Act, 1930) Chapter 1 Preliminary Chapter 2 Contract of Sale - Formation of the Contract Chapter 3 Conditions and Warranties Chapter 4 Effects of the Contract Chapter 5 Performance of the Contract Chapter 6 Unpaid Seller Chapter 7 Suits for Breach of the Contracts and Auction Sales PART - I : TOPIC - 4 LAW OF NEGOTIABLE INSTRUMENTS (The Negotiable Instruments Act, 1881) Chapter 1 Preliminary Chapter 2 Promissory Notes, Bills of Exchange, Bills in Sets, Cheques & Crossed Cheques Chapter 3 Parties to Negotiable Instruments