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

How to Prepare for CA Foundation Business Laws

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Question directory and available solutions

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

1. Mr. Chetan was travelling to Manali with his wife by bus of Himalayan Travels Pvt. Ltd. Due to some technical default in the bus, the driver has to…
2. Sahil sells by auction to Rohan a horse which Sahil knows to be unsound. The horse appears to be sound, but Sahil knows about the unsoundness of the…
3. ABC Limited has allotted equity shares with voting rights to XYZ Limited worth 15 Crores during the Financial Year 2023-24. After that the total…
4. MTK Private Limited is a company registered under the Companies Act, 2013 on 5th January, 2022. The company did not start its business till 31st…
5. Mr. Manoj was running a shop selling good quality washing machines. Mr. Vivek came to his shop and asked for washing machine which is suitable for…
6. Mr. Sooraj sold his business of cotton production to a cotton production company, CPL Private Limited, in which he held all the shares except one…
7. Alfa school is a section 8 company which started imparting education on 1.4.2015, with the sole objective of providing education to children of…
8. What do you mean by Designated Partner? Whether it is mandatory to appoint Designated partner in a LLP?
9. M/s ABC & Associates, a partnership firm with A, B and C as senior partners engaged in the business of curtain manufacturing and exporting to…
10. Powertech Limited was registered as a public company. There are 230 members in the company as noted below: (a) Directors and their relatives - 190…
11. Popular Products Ltd. is company incorporated in India, having a total Share Capital of 20 Crores. The Share capital comprises of 20 Lakh equity…
12. Who is considered as an agent under the Indian Contract Act, 1872, and what are the duties and obligations associated with this role?
13. Mr. Om Kashyap was a big businessman of Pune City having two sons and one married daughter. He decided to gift his house to his daughter. For this…
14. Due to urgent need of money amounting to 3,00,000, Pawan approached Raman and asked him for the money. Raman lent the money on the guarantee of…
15. State the Difference between promissory note and bill of exchange.”
16. Simran went to a Jewellery shop and asked the salesgirl to show her diamond bangles with Ruby stones. The Jeweller told her that we have a lot of…
17. Subject to agreement by partners, state the rules that should be observed by the partners in settling the accounts of the firm after dissolution…
18. State the legal position of a minor partner under the Indian Partnership Act, 1932 after attaining majority: (A) When he opts to become a partner of…
19. How is a contract is discharged under the Indian Contract Act, 1872 and what are the different ways in which the obligations created by a contract…
20. M owes money to N. Therefore, he makes a promissory note for the amount in favor of N, for safety of transmission he cuts the note in half and posts…
21. What constitutes a contingent contract under the Indian Contract Act, 1872, and what are its essential elements?
22. Ashok goes to super market to buy a Air Conditioner. He selects a branded Air Conditioner having a price tag of 40,000 after a discount of 3000.…
23. 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…
24. Mr. Mohan had purchased some goods from Sunflower Limited on credit. A credit period of one month was allowed to Mr. Mohan. Before the due date, Mr.…
25. Whether a minor may be admitted in the business of a partnership firm? Also, explain the rights of a minor in the partnership firm under the Indian…
26. An auction sale of the certain goods was held on 7th March, 2024 by the fall of hammer in favour of the highest bidder X. The payment of auction…
27. Mr. Rajeev, an assessee, was a wealthy man earning huge income by way of dividend and interest. He formed three Private Companies and agreed with…
28. “LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership”.…
29. X, Y, and Z agree to divide the profits equally, but the loss, if any, is to be borne by X alone. Is it case of partnership?
30. X, a publisher, agrees to publish a book at his own expense written by Y and to pay Y, half of the net profit. Does this create a relationship of…
31. “An anticipatory breach of contract is a breach of contract occurring before the time fixed for performance has arrived”. Also, discuss the effect…
32. Mr. Gaurav and Mr. Vikas entered into a contract on 1st July, 2024, according to which Mr. Gaurav had to supply 100 tons of sugar to Mr. Vikas at a…
33. What is a cheque under the Negotiable Instruments Act, 1881, and who are the parties involved? What are the essential elements of a cheque?
34. Avyukt purchased 100 Kgs of wheat from Bhaskar at 30 per kg. Bhaskar says that wheat is in his warehouse in the custody of Kishore, the warehouse…
35. When does dissolution of a partnership firm take place under the provisions of the Indian Partnership Act, 1932? Explain.
36. Define consideration. State the characteristics of a valid consideration under the Indian Contract Act, 1872.
37. ‘Nakul’ made promissory note in favour of ‘Sahdev’ of 10,000 and delivered to him. ‘Sahdev’ indorsed the promissory note in favour of ‘Arjun’ but…
38. Explain the terms “Trafficking relating to public offices and titles” and “Stifling prosecution” as per the Indian Contract Act, 1872.
39. Explain any six circumstances in detail in which a non-owner can convey better title to the bona fide purchaser of goods for value under the Sale of…