Consideration
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 consideration.
- Identify the relevant legal concepts, distinguish parties' positions and analyze a syllabus-based case using the specified legal materials.
Curriculum Scope
- Meaning and rules of consideration
Detailed Microsyllabus
Consideration foundations
- Meaning and role in contractual analysis.
- Identify the exchange or promise discussed.
- Distinguish consideration from motive.
Rules and application
- Study the rules stated in the governing course materials.
- Assess legality and sufficiency within that framework.
- Analyze supplied examples without importing another jurisdiction's rules.
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.