The document discusses the legal aspects of supply chain management, outlining key mercantile and commercial laws involved in the process from order acceptance to product delivery. It emphasizes the framework of business law, including English mercantile law and various acts that govern business practices in India, aiming to facilitate transactions and ensure fair practices. It lists important legislative acts relevant to business operations, such as the Indian Contracts Act and the Companies Act.

1. LEGAL ASPECTS OF SUPPLY CHAIN
MANAGEMENT

2. INTRODUCTION TO MERCANTILE
AND COMMERCIAL LAWS

3. Supply Chain is the entire process of
accepting a Customer order through to the
delivery of the product to the Customer
inclusive of supply ,procurement and
production of the product. A supply chain is a
collective of inter-dependent steps, when
thoroughly followed gives rise to a certain
objective as meeting customer
requirements.SCM is a generic term,
encompassing i-The coordination of order
generation ,ii- order taking ,iii- order fulfillment
distribution of products , services or

4. Business Law is that branch of civil law
dealing with rights and obligations of
business persons arising out of business
transactions in respect of business property

5. 1-Framework within which business
activities shall be carried out.
2-A business person can resort to judicial
and quasi-judicial authorities
3-Laws are made to facilitate business
process
4-Business Law has social objectives.
5-Business Law aim to prevent
concentration of economic power.

6. 1-English Mercantile Law-Constitutes the
foundation
2-The Statue Law-When a bill is passed by
Parliament and signed by President
3-Case Law-Judicial decisions are usually
referred to precedents
4-Customes & Usages-guides the Court in
deciding disputes
5-Justice,Equity and good conscience-

7. The Indian Contracts Act 1872-Enforces
people to legally conduct business
The Indian Sale of Goods Act 1930-
Governs the law of salepurchase
The Contract of Partnership Act 1932-The
law relating to partnership
The Negotiable Instruments Act 1881-
Money transferred by negotiation
The Companies Act 1956-Controls all

8. The Consumer Protection Act 1986
The Competition Act 2002
The Foreign Exchange Management Act
1999
The Environment ( Protection ) Act 1986
The Securities Contracts ( Regulation Act )
1956
The Foreign Trade ( Development and
Regulation Act ) 1992

9. The Arbitration and Conciliation Act 1996
The Securities Exchange Board of India Act
1882
The Patents Act 1970
The Trade Marks Act 1999
The Copyright Act 1957
The Indian Registration Act 1908
The Stamp Act 1889
The Limitation Act 1963

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