Legality and contingent contracts
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 legality and contingent contracts.
- Identify the relevant legal concepts, distinguish parties' positions and analyze a syllabus-based case using the specified legal materials.
Curriculum Scope
- Legality of object and consideration
- Unlawful and void agreements
- Meaning, definition and rules of contingent contracts
- Contingent contracts compared with wagering agreements
Detailed Microsyllabus
Legality of agreements
- Object and consideration.
- Unlawful purposes and void agreements.
- Analyze consequences using the governing materials.
Contingent agreements
- Obligations dependent on an uncertain event.
- Rules concerning occurrence or nonoccurrence.
- Compare contingent contracts with wagering agreements.
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.