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CA IPCC : Revision Test Paper (with Answers) - BUSINESS LAWS, ETHICS & COMMUNICATION May 2014

15 pages, 30 questions, 0 questions with responses, 0 total responses,

CA IPCC
Tilak Vidyalaya Higher Secondary School (TVHSS), Kallidaikurichi

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PAPER 2: BUSINESS LAWS, ETHICS & COMMUNICATION QUESTIONS PART I: BUSINESS LAWS The Indian Contract Act, 1872 1. State the nature of the contract in the following cases with reasons: (a) A threatened B to shoot if he does not lend him ` 2000 and B agreed to it. (b) A husband promised to pay maintenance allowance every month to his wife, which he failed to perform. (c) Threat to publish a defamatory statement against a person to enter into an agreement. (d) Mr. X agrees to write a book with a publisher but X dies in an accident. (e) B agrees to purchase the car from A as per his proposal, subject to availability of valid Registration Certificate for the car. 2. Under what circumstances guarantee made will be treated as invalid? The Negotiable Instruments Act, 1881 3. What are the characteristics of any negotiable instruments? 4. Mr. X executed an account payee cheque on the name of the Mr. B for the amount of rupees 20,000. Mr. B submitted the cheque in the bank. Later B finds that no amount have been credited to his account. In fact the amount has been credited to some other person with the same name. State the legal position of B with respect to the Negotiable Instruments Act, 1881. The Payment of Bonus Act, 1965 5. A builder employed a labour on the daily wages for 2 months for the construction of the site on the payment of ` 300 per day. Throw a light with respect to the Payment of Bonus Act, 1965 whether a labour is entitled for the bonus in the given instance. 6. Enumerate the procedure concluding Presumption with respect to the accuracy of balance sheet and profit and loss account of corporations and companies as per the Payment of Bonus of Act, 1965. The Employees Provident Funds and Miscellaneous Provisions Act, 1952 7. State the matters for which Provisions are made in the Pension Scheme under the Employees Provident Funds and Miscellaneous Provisions Act, 1952. The Institute of Chartered Accountants of India

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