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For the students of B.Com.(Pass Hons.), CA, CS, Other Equivalent Examinations. In this revised and updated edition, the text has undergone an exhaustive revision and a substancial value addition. The object of this book Business Law is to set out the basic principles of Mercentile Law simply and clearly. The whole book is in the form of capsule model and unneccessary explantions have been removed. Vital points have been given in boxes so that students can easily identify and memorise them. The book has been written in a simple language and lucid style.