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Contract foundations

Unit 2: The Law of Contract and other LiabilitiesTopic 1 of 8
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What the syllabus expects

  • Meaning, nature and definition of contract
  • Essential elements of a valid contract

Contract foundations

Bachelor of Business Studies (BBS) — Third Year

Subject: Business Law (MGT 204)

Unit 2: The Law of Contract and other Liabilities

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

  • Explain the scope and key elements of contract foundations.
  • Identify the relevant legal concepts, distinguish parties' positions and analyze a syllabus-based case using the specified legal materials.

Curriculum Scope

  • Meaning, nature and definition of contract
  • Essential elements of a valid contract

Detailed Microsyllabus

  1. Contract foundations

    1. Agreement and legally recognized obligations.
    2. Nature and definition in the course materials.
    3. Parties, terms and enforceability.

  2. Validity analysis

    1. Identify essential elements of a valid contract.
    2. Check capacity, consent, purpose and required formalities.
    3. Apply the specified law to a short fact situation.

Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 16–18.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here. Legal examples must identify the governing law and amendment version supplied for the course; a curriculum heading does not by itself establish a currently applicable legal rule.

Legal reading reference: Consult the Nepal Law Commission's index of Acts and its Civil Code, 2074 page for the prescribed primary legal materials.