CA Foundation Business Laws MTP June 2024: Question Paper and Solutions

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57 indexed questions. Open a question to read its full statement and available answer.

1. Kashish was running a business of artificial jewellery since long. He sold his business to Naman and promises, not to carry on the business of…
2. The paid-up capital of Darshan Photographs Private Limited is 1 Crores in the form of 50,000 Equity Shares of 100 each and - 50,000 Preference…
3. Define partnership and name the essential elements for the existence of a partnership as per the Indian Partnership Act, 1932.
4. Kapil entered in a contract with Rahul to purchase1000 litres of mustard oil at the price which should be fixed by Akhilesh. Rahul already…
5. Explain the 'Doctrine of ultra vires’ under the Companies Act, 2013. What are the consequences of 'ultra vires' acts of the company?
6. “LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership”.…
7. A and B are partners in M/s Aee Bee & Company. Firm is doing business of trading of plastic bottles. A is authorised to sell the stock of plastic…
8. Tycoon Private Limited is the holding company of Glassware Private Limited. As per the last profit and loss account for the year ending 31st March,…
9. In the Flower Fans Private Limited, there are only5 members. All of them go in a boat on a pleasure trip into an open sea. The boat capsizes and all…
10. “An anticipatory breach of contract is a breach of contract occurring before the time fixed for performance has arrived”. Discuss stating also the…
11. Nitesh Gupta is constructing his house. For this purpose, he entered in a contract with M/s Baba Brick House to supply of 10,000 bricks on 12th…
12. Rahul, a transporter was entrusted with the duty of transporting tomatoes from a rural farm to a city by Aswin. Due to heavy rains, Rahul was…
13. What are Negotiable Instruments? Explain its essential characteristics under the Negotiable Instruments Act, 1881.
14. Explain in brief the various types of laws in the Indian Legal System.
15. A agrees to sell certain goods to B on a certain date on 10 days credit. The period of 10 days expired and goods were still in the possession of A.…
16. AB sold500bags of wheat to CD. Each bag contains50Kilograms of wheat. AB sent450bags by road transport and CD himself took remaining50bags. Before…
17. When the continuing guarantee can be revoked under the Indian Partnership Act, 1932?
18. What do you mean by Goodwill as per the provisions of Indian Partnership Act, 1932?
19. Explain any five circumstances under which contracts need not be performed with the consent of both the parties.
20. Priyansh purchased some goods from Sumit. He issued a cheque to Sumit for the sale price on 14th June, 2023. Sumit presented the cheque in his bank…
21. State the essential elements of a contract of bailment.
22. State the various essential elements involved in the sale of unascertained goods and its appropriation as per the Sale of Goods Act, 1930.
23. In light of provisions of the Indian Contract Act, 1872 answer the following: (i) Mr. S and Mr. R made contract wherein Mr. S agreed to deliver…
24. (i) Nolimit Private Company is incorporated as unlimited company having share capital of 10,00,000. One of its creditors, Mr. Samuel filed a suit…
25. (i) "Whether a group of persons is or is not a firm, or whether a person is or is not a partner in a firm." Explain the mode of determining…
26. Mr. G sold some goods to Mr. H for a certain price by issue of an invoice, but payment in respect of the same was not received on that day. The…
27. Define OPC (One Person Company) and state the rules regarding its membership. Can it be converted into a non-profit company under Section 8 or a…
28. List the differences between the Limited Liability Partnership (LLP) and the Limited Liability Company.
29. P, Q, R and S are the partners in M/S PQRS & Co., a partnership firm which deals in trading of Washing Machines of various brands. Due to the…
30. MNP Private Ltd. is a company registered under the Companies Act, 2013 with Paid Up Share Capital of 5 crores and turnover of 35 crores. Explain the…
31. Define Misrepresentation and Fraud. Explain the difference between Fraud and Misrepresentation as per the Indian Contract Act, 1872.
32. M Ltd. contract with Shanti Traders to make and deliver certain machinery to them by 30th June 2023 for 11.50 lakhs. Due to labour strike, M Ltd.…
33. What are Inchoate and Ambiguous Instruments under the Negotiable Instruments Act, 1881?
34. What is the significance of the Supreme Court and High Court in the Indian judiciary?
35. (i) Ram sells 200 bales of cloth to Shyam and sends 100 bales by lorry and 100 bales by Railway. Shyam receives delivery of 100 bales sent by lorry,…
36. State the grounds on which a firm may be dissolved by the Court under the Indian Partnership Act, 1932?
37. Explain whether the agency shall be terminated in the following cases under the provisions of the Indian Contract Act, 1872: (i) A gives authority…
38. (i) Advik purchased a mobile from Bhanu. He issued a promissory note to Bhanu which was payable on demand but no specific place for payment was…
39. What do you mean by Quantum Meruit and state the cases where the claim for Quantum Meruit arises?
40. Write the exceptions to the doctrine of Caveat Emptor as per the Sale of Goods Act, 1930.
41. Rahul found a smart watch in a restaurant. He enquired about all the customers present there but the true owner could not be found. He handed over…
42. Mr. Vikas a businessman has been fighting a long-drawn litigation with Mr. Neeraj an industrialist. To support his legal campaign, he enlists the…
43. Mr. Samyak was appointed as an employee of Moonlight Timber Private Limited on the condition that if he was to leave his employment, he will not…
44. Mrs. Seema went to the local rice and wheat wholesale shop and asked for 100 kgs of Basmati rice. The Shopkeeper quoted the price of the same as 125…
45. Explain listed company and unlisted company as per the provisions of the Companies Act, 2013.
46. Explain the classification of the companies on the basis of control as per the Companies Act, 2013.
47. Mr. Ram and Mr. Raheem are working as teachers in Ishwarchand Vidhyasagar Higher Secondary School and also are very good friends. They jointly…
48. Mr. A, the employer induced his employee Mr. B to sell his one room flat to him at less than the market value to secure promotion. Mr. B sold the…
49. Mr. S promises Mr. M to paint a family picture for 20,000 and assures to complete his assignment by 15th March, 2023. Unfortunately, Mr. S died in a…
50. Explain the Rules as to compensation payable in case of dishonour of promissory note, bill of exchange or cheque, by any party liable to the holder…
51. Write a short note on the following: (i) Ministry of Corporate Affairs (MCA) (ii) Ministry of Home Affairs
52. Rachit arranges an auction to sale an antic wall clock. Deepa, being one of the bidders, gives the highest bid. For announcing the completion of…
53. “Partner indeed virtually embraces the character of both a principal and an agent”. Describe the said statement keeping in view of the provisions of…
54. State the essential elements of a contract of bailment.
55. Shankar drew a cheque in favour of Surendar. After having issued the cheque, Shankar requested Surendar not to present the cheque for payment and…
56. Define contract of indemnity and contract of guarantee and state the conditions when guarantee is considered invalid?
57. State the various essential elements involved in the sale of unascertained goods and their appropriation as per the Sale of Goods Act, 1930.