CA Foundation Business Laws RTP May 2026: Question Paper and Solutions

CA Foundation Business Laws RTP Series May 2026 19 Questions Indexed

ICAI Examination Archive & Suggested Answers: This directory indexes questions from CA Foundation Business Laws RTP (May 2026). Open individual questions for available answers and working notes, then use the subject analysis to review historical marks.

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Question directory and available solutions

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

  1. What is the Insolvency and Bankruptcy Board of India (IBBI)? Discuss its establishment, powers, functions and the categories of persons and entities…
  2. Mr. Sharma, a trader, wrote to Mr. Verma offering to sell him100barrels of “oil” at 5,000 per barrel. The letter reached Verma on 1st June. On 2nd…
  3. Mr. Das, a landowner, transferred his property to his daughter, Geeta, on the condition that she would pay - 20,000 annually to her maternal uncle,…
  4. Mr. Sen, an elderly widower, executed a gift deed transferring his valuable house to his nephew, Kashish. Subsequently, it was discovered that…
  5. Mr. Rohan entered into a contract with Mr. Sohan to deliver - 1,000 bags of cement to his construction site on or before 15th August. The payment…
  6. Mr. Ramesh delivered his gold ornaments to a jeweller, Mr. Arun, for polishing. Arun kept the ornaments in the locker of his shop and locked the…
  7. Mr. VG and Mr. PG were trading in unlisted shares for the last seven years. They used to borrow funds from each other whenever required for any…
  8. “Distinguish between a Contract of Indemnity and a Contract of Guarantee. Explain the points of distinction with reference to the Indian Contract…
  9. Wagering agreements are void under Section 30 of the Indian Contract Act, 1872. However, certain transactions resemble wagering transactions but are…
  10. Mr. Rohit, a trader, entered into a contract with Mr. Mohan for the purchase of100chairs for a total consideration of 1,00,000. The agreement…
  11. Mr. Sameer, a retail shopkeeper, purchased 10 cartons of packaged fruit juice bottles from Fresh Foods Ltd., a reputed beverage dealer. The cartons…
  12. What is meant by Reservation of Right of Disposal? Explain the circumstances under which the seller is deemed to have reserved this right under the…
  13. “What is meant by the doctrine of Caveat Emptor? State the conditions for its applicability and discuss the exceptions to this doctrine under the…
  14. A, B and C are partners in an unregistered partnership firm named M/s ABC & Associates. Is the suit maintainable in the following cases as per the…
  15. Describe the following kinds of partnership with reference to the Indian Partnership Act, 1932: (a) Partnership at will (b) Partnership for a fixed…
  16. A company, ABC limited as on 31.03.2025 had a paid-up capital of 1 lakh (₹ 10,000 equity shares of 10 each). In June, 2025, ABC limited had issued…
  17. Do you agree that a company is an artificial person? Elucidate. Also explain how the authorization by Beeta Limited, a company incorporated under…
  18. (i) 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…
  19. A promissory note, payable at a certain period after sight, must be presented to the maker thereof for payment. Under which scenarios presentment…