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CA Foundation Businesslaw — practice by topic

Browse 1,176 questions across 29 Businesslaw topics. Choose what you want to revise, then open a question to check its answer and worked solution.

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Businesslaw topics

Negotiable Instruments Act 1881 (90)Nature of Contracts (88)Agency (79)The Limited Liability Partnership Act 2008 (72)Partnership (71)Contract of Indemnity and Guarantee (70)Breach of Contract and its Remedies (69)Performance of Contract (69)Companies Act 2013 (68)Bailment and Pledge (65)Other Essential Elements of a Contract (56)Sale of Goods — Unpaid Seller (55)Sale of Goods — Transfer of Ownership and Delivery (54)Contingent and Quasi Contracts (51)Consideration (47)Sale of Goods Act: Formation of the Contract (47)Law of India (39)Sale of Goods — Conditions and Warranties (35)Saleofgoods (16)Sale of Goods — Formation of the Contract of Sale (15)Companiesact (14)The Companies Act, 2013 (13)Negotiableinstruments (11)The Negotiable Instruments Act, 1881 (10)Contractact (6)Capacity (1)Consent (1)Offer (1)Void (1)

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Under the Indian Contract Act 1872, an agreement enforceable by law is aRead the answer and worked solution →A contract with a minor isRead the answer and worked solution →Consideration in a contract must beRead the answer and worked solution →An agreement made without free consent due to coercion isRead the answer and worked solution →

Worked practice questions

Under the Indian Contract Act 1872, an agreement enforceable by law is a

  1. tort
  2. contract
  3. proposal
  4. consideration
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Correct answer: B. contract

Section 2(h): 'An agreement enforceable by law is a contract.'

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A contract with a minor is

  1. void ab initio
  2. valid
  3. voidable
  4. illegal
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Correct answer: A. void ab initio

A minor is incompetent to contract, so an agreement with a minor is void ab initio (void from the beginning).

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Consideration in a contract must be

  1. something of value moving at the desire of the promisor
  2. given only by the promisee
  3. always monetary
  4. always adequate
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Correct answer: A. something of value moving at the desire of the promisor

Section 2(d): consideration is something done/abstained at the promisor's desire it need not be adequate but must have some value.

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How to practise

  1. Choose a Businesslaw question and try to work out your answer.
  2. Open the question to check the correct answer and read its worked solution.
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