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

How to Prepare for CA Foundation Business Laws

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Question directory and available solutions

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

1. Mr. L let out his residential house to Mr. M for 50,000 p.m. for a period of one year. According to the Rent agreement, electricity bill will be…
2. Mr. A offered to sell25chairs to Mr. B @1,500 per chair on 12.02.2024. A promised B that he would keep the offer open till 15.02.2024. However, on…
3. Mr. A was running an orphanage. His friend Mr. S, a philanthropist agreed to donate 2 lakh for treatment of a child, who was suffering from cancer.…
4. Kamal, a Chartered Accountant started his e-commerce business by incorporating a One Person Company (the OPC) on 1 st October, 2023. He, being a…
5. XYZ Ltd. was incorporated to hold the patent for a new product. The company is expecting to start its commercial production within the next two…
6. "If a partner is otherwise expelled; the expulsion is null and void." Discuss.
7. "The partner who is expelled will cease to be liable to the third party for the act of the firm done after expulsion." Analyse.
8. M/s RK Traders (Buyer) made a contract with M/s CK Traders (Seller) for purchase of 2000 kg of basmati rice specifically grown in Chhattisgarh State…
9. Kartik agreed to sell his laptop to Vasant for a price to be fixed by Kusum a hardware engineer. However, before the delivery of the laptop, Kartik…
10. "Corporate veil sometimes fails to protect the members of the company from the liability connected to the company's actions." Explain any three…
11. What is the effect of Memorandum and Articles when registered?
12. Under what circumstances a Limited Liability Partnership is compulsorily required to change its name? Also, explain the compliance requirement…
13. What do you mean by a Small Limited Liability Partnership?
14. Ram and Shyam are partners in a partnership firm styled as RS & Co. (the firm). Gopal, a renowned businessman, is their common friend. Ram…
15. On admission as a new partner, Amar agreed to be liable for the existing debts (referred to as the old debts) of the firm by an agreement signed by…
16. Suman, having10% share in the property of 200 lakh of a firm retires from the firm on 31st March, 2023. The firm continues with the business…
17. JV Limited borrowed a secured loan of 5 crore from Star Bank Limited (the bank) to meet its working capital requirement. However, the borrowing…
18. After incorporation of Goodwill Private Limited (the company) on 15th May, 2024 the share certificates were issued to Amit, Sumit and Sumati being…
19. In case of breach of contract, the court may award compensation or damages. Explain the circumstances when court may award ordinary damages, special…
20. What are the conditions need to be fulfilled to make the following agreements valid without consideration as per the provisions of the Indian…
21. Raghav found gold and diamond studded wristwatch value approximately - 1,00,000/- on the roadside. He picked it up and then advertised in the…
22. Woollen Garments Limited entered into a contract with a group of women in July, 2023 to supply various woollen clothes for men, women and kids like…
23. With reference to provisions of the Negotiable Instruments Act, 1881, tell the instances where a person shall be deemed to have committed an offence…
24. (A) All cheques are bills while all bills are not cheques. Explain the additional features of a cheque which differentiate a cheque from bill as per…
25. Explain the types of laws in the Indian Legal System considering the Indian Regulatory Framework.
26. Ashok, a trader, delivered a camera to Mangesh on 'sale or return' basis. Mangesh delivers the camera to Rahul on the terms of 'sale for cash only…
27. Ansari of Jaipur sold100smart TV set @50,000/- per set to Baburam of Delhi. He delivered the TV sets to Chetan, a transport carrier for transmission…
28. State the circumstances, in which a Court may, at the suit of the partner, dissolve a partnership firm under the provisions of the Indian…
29. In accordance with the provisions of the Indian Contract Act, 1872, answer the following: (i) Rights of Bailor against any wrong doer (Third Party)…
30. Aman drew the bill of exchange (the bill) on Baban, who accepted it, payable to Magan or order. Magan indorsed the bill to Gagan. Gagan indorsed the…
31. Reliable Limited, an Indian company, is a global leader in Petrochemical products. For payment of the sale price of machinery imported from Alex…
32. 'Agent cannot personally enforce, nor be personally bound by, contracts on behalf of the principal' however there are some exceptions to this…
33. State the rights of Indemnity-holder when sued.
34. Explain any four differences between Contract of Indemnity and Contract of Guarantee.
35. Whether the threat to commit suicide is coercion?
36. Explain the legal rules of auction sale relating to the following points as per provisions of the Sale of Goods Act, 1930: (A) Bid by seller with or…
37. Explain the provisions relating to the delivery of the wrong quantity of goods as per the provisions of the Sale of Goods Act, 1930.