MERCANTILE LAW CSS SYLLABUS (100 MARKS)
I. Law of Contract, 1872
- Definitions
- Essentials of a valid contract
- Proposal
- Acceptance
- Consideration
- Free consent
- Capacity of Parties
- Not hereby declared to be Void
- Kinds of Contracts
- Valid
- Void
- Voidable
- Not Voidable
- Variety of Contracts
- Contingent
- Quasi
- Bailment
- Pledge
- Indemnity
- Agency
- Performance of Contract
- Contracts that need not to be performed
- Breach of contract
- Consequences of breach
- Damages for breach of contract
II. Sales of Goods Act, 1930
- Definitions
- Differences
- Sale & agreement to sell
- Conditions and warranties
- Express & implied conditions
- Doctrines
- Caveat emptor
- Nemo dat
- Rights and duties of seller & buyer
- Rights of unpaid seller
III. Partnership Act, 1932
- Definitions
- Essentials of partnership
- Kinds of partnership
- Partnership at will
- Particular partnership
- Limited partnership
- Rights and duties of Partners
- Relation of partners to third persons
- Implied authority of partner
- Doctrine of holding out
- Incoming and outgoing partners (minor)
- Dissolution of firms
- Compulsory
- By agreement
- By court
- By notice on happening of contingencies
IV. Negotiable Instrument Act, 1881
- Definitions
- Types of negotiable instruments
- Cheque
- Bill of exchange
- Promissory note
- Parties to instruments
- Holder & holder in due course
- Rules
- Negotiation
- Presentment
- Payment & interest
- Discharge
- Noting and protest
- Compensation
- Acceptance
- Payment for honour
- Special rules of evidence
- Special provisions relating to cheques & bills of exchange
- Dishonor
- Duties of banker
- Provisions as to foreign instruments
V. Competition Act, 2010
- Definitions
- Prohibition and abuse of
- Dominant position
- Certain agreements
- Discipline
- Marketing practices
- Approval of mergers
- Competition Commission of Pakistan
- Establishment
- Composition
- Term
- Functions and powers of Commission
- Provisions as to penalty and appeals
VI. Electronic Transaction Ordinance, 2002
- Definitions
- Recognition and presumption of electronic transactions
- Writing
- Signature
- Stamp duty
- Attestation
- Electronic documents
- Attribution
- Acknowledgement
- Time and place of dispatch
- Certification of service providers
- Application to acts done outside Pakistan
- Offences & Nature
- False information
- False certificates
- Damage to information system
VII. The Arbitration Law in Pakistan
- Definitions
- Appointment, number and removal of arbitrator
- Award by arbitrator
- Powers of court upon award
- Remittance
- Modification
- Setting aside of award
- Types of arbitration
- With intervention of court
- Without intervention of court
- Stay of legal proceedings in presence of arbitration agreement
VIII. Consumer’s Protection Act, 2006
- Definitions
- Consumer Commission
- Establishment
- Powers and functions
- Complaints before commission
- Disposal
- Provisions as to compulsory recall of goods
- Duties and liabilities of provider of goods
- Return
- Refund of goods
- Offences and penalties
- Contract between consumer and provider
IX. Companies Ordinance, 1984
- Definitions
- Types of Companies
- Fundamental papers of company
- Memorandum of association
- Articles of association
- Prospectus
- Transfer of shares and debentures
- Management and administration
- Promoters
- Share holders
- Directors
- Chief executive
- Auditors
- Meetings and proceedings
- Statutory
- General
- Annual general meeting
- Winding up
- Voluntary
- By court
X. Electronic Fund Transfer Act, 2007
- Definitions
- Payment systems and their operation
- Designation of payment system & revocation
- Real time gross settlement system
- Governance & operation arrangement
- Payment instruments
- Designation
- Issuing
- Prohibition of instruments
- Clearing and other obligations
- Supervisory control of State Bank
- Documentation of transfers
- Notification of error and liabilities of parties
- Law relating to action before court
FPSC RECOMMENDED BOOKS List for MERCANTILE LAW CSS SYLLABUS
| S.No. | Title | Author |
|---|---|---|
| 1. | Law of Contract | Agarwala, M. Mehmood |
| 2. | Sales of Goods Act | Pollock & Mulla |
| 3. | Bare Acts: | Government of Pakistan |
| i) | Contract Act, 1872 | |
| ii) | Negotiable Instrument Act, 1881 | |
| iii) | Sale of Goods Act, 1930 | |
| iv) | Companies Ordinance, 1984 | |
| v) | Arbitration Act, 1940 | |
| vi) | Competition Act, 2010 | |
| vii) | Electronic Transactions Ordinance, 2002 | |
| viii) | Consumers’ Protection Act, 2006 | |
| ix) | Electronic Fund Transfer Act, 2007 |
| 4. | Case Law Reading | |
| i) | Carli vs. Carbolic Smoke Ball Co. (1893) 1 QB 256 | |
| ii) | Pharmaceutical Society of Great Britain vs. Boots Cash Chemicals Ltd. (1952) 2 QB 795 | |
| iii) | Curie vs. Misa (1875) LR 10 Ex 153 | |
| iv) | Byrne & Co. vs. Van Tienhaven & Co. (1880) 5 CPD 344 | |
| v) | Mohri Bibi vs. Dharmodas Ghose (1903) 30 IA 114 | |
| vi) | Derry vs. Peeks (1889) 14 App. Cas. 337 | |
| vii) | Mannu Singh vs. Umadat Panday (1890) 12 ALL 523 | |
| viii) | Coggs vs. Bernard (1703) 2 Ld Raym 909 | |
| ix) | Lumley vs. Wanger (1852) EW HC (Ch) 96 | |
| x) | Manni Devi vs. Ramayan Singh AIR 1985 Pat. 35 | |
| xi) | Lachhman Joharimal vs. Bapu Khandu (1869) 6 Bombay High Court Reports 241 | |
| xii) | Mischeff vs. Springett (1942) 2 KB 331 | |
| xiii) | Watson vs. Coupland (1945) 1 All ER 217 | |
| xiv) | Ashbury Railway Carriage & Iron Co. Ltd. vs. Riche (1875) LR 7 HL 653 | |
| xv) | Lee vs. Lee’s Air Farming (1960) 3 All ER 420 | |
| xvi) | Salomon vs. A. Salomon & Co. Ltd. (1897) AC 22 | |
| xvii) | Royal British Bank vs. Turquand (1856) 6 E&B 327 | |
| xviii) | Ram Raja Ram vs. Dirbha Charan Ien AIR 1982 Ori 264 | |
| xix) | Badridas Kothari vs. Megraj Kothari AIR 1967 Cal 25 | |
| xx) | Hitachi Ltd. & others vs. Rupali Polyester & others (1998 SCMR 1618) | |
| xxi) | Marflower Theatre Trust Ltd. vs. HMRC (2007) STC 880 | |
| xxii) | Pickering vs. Bux (1812) 15 East 38 | |
| xxiii) | Liaqat Islam vs. State (2011) YLR 2280 | |
| xxiv) | Alamgir Khalid Chughtai vs. State (PLD 2009 Lahore 259) | |
| xxv) | United States vs. Forty Barrels and Twenty Kegs of Coca Cola, 241 U.S. 265 (1916) | |
| xxvi) | Hedley Byrne & Co. Ltd. vs. Hella & Partners Ltd. (1964) AC 465 |
FPSC Official MERCANTILE LAW CSS SYLLABUS
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