This book has been written for ‘Business and Industrial Laws Paper’ of the BCom Semester-II Examination of University of Delhi. The contents of the book have been designed strictly in accordance with the semester based syllabus, effective from the academic year 2011–12. The book attempts to present the complicated subject of ‘Business and Industrial Laws’ in an easily comprehensible manner. The intricate points of law have been explained in as lucid, systematic and logical way as possible in a compact form. The entire text has been organized in four parts, namely, Law of Contract, Law of Sale of Goods, Law of Limited Liability Partnership and Industrial Laws. This book presents the subject matter tailor-made, as per the revised course structure of the Paper, to enable the students to possess a text-book which caters to their needs in full.