Commercial Law II

Several number of legislations required to study under the subject. The subject is focused on regulated system that is fair for both businesses and consumers so that trade and commerce can be conducted in a reasonable manner.

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Past Paper Discussion

Full Syllabus Coverage

Our Syllabus is as Follows

1. Introduction & Paper Analysis

2. Sale of Goods Ordinance
i. Contract of Sale
ii. Transfer of Property
iii. Passing of Risk
iv. Transfer of Title
v. Performance of Contract
vi. Condition & Warranty

3. Cheques
i. Parties to Cheque
ii. Dual aspect of Cheque
iii. Advantages of Cheque
iv. Crossing on Cheque
• Open Cheque
a. General Crossing
b. Special Crossing
• Cross Cheque
v. Stale Cheques
vi. Postdated & Ante-dated Cheques
vii. Countermanding Payment of Cheques

4. Carriage of Goods by Sea
i. Contract of Affreightment
ii. Parties to Contract of Affreightment
iii. Types of Contract of Affreightment
iv. Charter Party
• Time Charter
• Voyage Charter
• Charter by Demise
v. Implied Obligations
• Seaworthiness
• Cargo worthiness
• Obligation of Reasonable Dispatch
• Obligation not to Deviate from the Agreed Route
• Obligation not to Ship Dangerous Goods
vi. Bill of Lading

5. Incoterms
i. Free on Board Contract (FOB)
• Duties of Seller
• Duties of Buyer
• Passing of Risk
ii. Cost, Insurance & freight Contract (CIF)
• Obligations of Seller
• Obligations of Buyer

6. Consumer Credit Act
i. Hire Purchase Agreement
ii. Formation & Content of Hire Purchase Agreements
iii. Protection of Hirer
iv. Rights of Hirer
v. Obligations of Hirer
vi. Rights of Owner
vii. Obligations of Owner

7. Letter of Credit
i. Introduction
ii. Types of Letter of Credit
• Revocable Letter of Credit
• Irrevocable Letter of Credit
• Confirmed Letter of Credit
• Unconfirmed Letter of Credit
iii. Parties of Letter of Credit
iv. Fundamental Principles
• The Autonomy of the Credit
• The Doctrine of Strict Compliance

8. Revision | Past Paper & Model Question Discussion