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

How to Prepare for CA Foundation Business Laws

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Question directory and available solutions

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

1. R owns an electronics store. P visited the store to buy a water purifier priced - 54,000/-. He specifically requested R for a purifier with a copper…
2. A company, ABC limited as on 31.03.2023 had a paid-up capital of 1 lakh (₹ 10,000 equity shares of 10 each). In June, 2023, ABC limited had issued…
3. The Indian Partnership Act does not make the registration of firms compulsory, yet the consequences or disabilities of non-registration have a…
4. Sony, a friend of Priya wanted to buy her two -wheeler. Priya agreed to sell her two -wheeler to Sony and it was decided that price of her two…
5. Ram wants to incorporate a company in which he will be the only member. According to provisions of t he Companies Act, 2013, what type of company…
6. A LLP is a new form of legal business entity with limited liability. It's an alternative corporate business vehicle that only gives the benefits of…
7. P, Q and R formed a partnership agreement to operate motor buses along specific routes for a duration of 12 years. After operating the business for…
8. A and B operate a textile merchant business in partnership. Mr. A finances the business and is a sleeping partner. In the regular course of…
9. XYZ is a company incorporated under the Companies Act, 2013. The paid up share capital of the company is held by others as on 31.03.2024 in as…
10. M and N holding70% and 30% of the shares in the company. Both died in an accident. Answer with reference to the provisions of the Companies Act,…
11. Explain in brief with reference to the provisions of the Indian Contract Act, 1872, what are the rights enjoyed by Surety against the Creditor, the…
12. Mr. J entered into an agreement with Mr. S to purchase his house for 20 lakh, within three months. He also paid - 50,000/- as token money. In the…
13. Rama directs Shyam to sell laptops for him and agrees to give Shyam eleven percent (11%) commission on the sale price fixed by Rama for each laptop.…
14. A promissory note, payable at a certain period after sight, must be presented to the maker thereof for payment. Under which scenarios presentment…
15. Describe in brief about the following Regulatory bodies of the Government of India: (i) Securities and Exchange Board of India (ii) Reserve Bank of…
16. PTC Hotels in Bombay decided to sell their furniture by auction sale. For this purpose, they appointed RN & Associates as auctioneer. They invited…
17. "Dissolution of partnership doesn't mean dissolution of firm". Do you agree with this statement? State any three situations where court can dissolve…
18. Where a party to a contract refuses altogether to perform, or is disabled from performing his part of it, the other party has a right to rescind it.…
19. Mr. Y issued a cheque for 10,000 to Mr. Z which was dishonoured by the Bank because Y did not have enough funds in his account and has no authority…
20. What is the meaning of contingent contract? Write briefly its essentials. Also, explain any three rules relating to enforcement of a contingent…
21. J, a wholesaler of premium Basmati rice delivered on approval100bags of rice of 10 kg each to a local retailer, on sale or returnable basis within a…