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Tips for preparation of mercantile law

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  • Tips for preparation of mercantile law

    Bismillah

    BOOKS:
    a- marcantila law by cheema (b.com book)
    b- company ordinance by avatar sing
    c- company act 1872,negotialble instruments and arbitration
    d- mercantile law by any Indian author for case laws

    The first book deals with the entire syllabus of mercantile law except company ordinance.

    PAPER PATTERN:
    Its either;
    a- in farm of case laws and the students have to solve the cases in light of relevant law, or
    b- theoretical questions
    whereas each type of pattern requires different approach for preparation. the former calls for a more refined concept base study than cramming, while for the other type itís the other way round i.e the students must memorize to the best of their capacity the entire topic. Nonetheless there s a universal approach which can help the aspirants to tackle with every kind of paper pattern, here is the one;

    HOW TO PREPARE;
    A- FIRST STEP, CONCEPT BUILDING

    a- read the entire syllabus thoroughly making sure that you have successfully made the accurate concepts of every topic
    b- give a comprehensive reading to the related case laws as well
    c- go through attentively the every illustration(there are many given in cheemís book)
    B_ SECOND STEP, MEMORISATION
    After one has made concepts, memorization is a mush easier job. one must memorize the following contents of a topic to score high in this subject;

    a- dates of the enactment of the laws e.g partnership act 1932,contract act 1872 etc.
    b- section number and word to word section itself defining the main terms e.g section 4 of partnership act defining the partnership, what is legal consideration section 23 of contract act defines, what is definition of goods section 2(10) of sales of goods act defines etc.
    c- relevant,important case laws ,memorise the title plus date of the case e.g
    BUDHA BIBI v AMIRAN 1898 etc.

    MOST IMPORTANT TOPICS;
    Contract law and Companyís ordinance are the major topics of mercantile law.but preparing one of the two entirely in addition to the following important topics/acts would serve the purpose;
    a- partnership act
    b- sales of goods act
    c- negotiable instruments(specially for MCQs)
    d- agency
    e- arbitration
    NOTE PREPARE THE FOLLOWING FOR CONCEPTS ALONE;
    a- insurance laws
    b- companyís ordinance(I would suggest, its every aspirantsí own discretion to follow whatever course they want)
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