
	Trending ▼ ICSE CBSE 10th ISC CBSE 12th CTET GATE UGC NET Vestibulares ResFinder

CA IPCC : Revision Test Paper (with Answers) - BUSINESS LAWS, ETHICS & COMMUNICATION Nov 2013

22 pages, 47 questions, 0 questions with responses, 0 total responses,

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

+Fave Message

Profile Timeline Uploads Q & A

Home > ca_ipcc > F Also featured on: abhi105

Formatting page ...

PAPER 2: BUSINESS LAWS, ETHICS & COMMUNICATION QUESTIONS PART I: BUSINESS LAWS The Indian Contract Act, 1872 1. (a) A , a shopkeeper enters into contract with a wholesaler of a fire works for the supply of crackers of worth ` 50,000 on the occasion of the Diwali festive. A also makes known to the wholesaler that if he fails to supply the crackers within a reasonable time he is expected to suffer a loss during the festive season. A supplies crackers on the same day of the festival. State briefly the legal position in the light of the Indian Contract Act, 1872. (b) Explain the legal position in respect to the co-sureties in the given situations: (i) X, Y, and Z are sureties to D for the sum of ` 3000 lent to R. What if, R makes a default in payment. (ii) X, Y and Z, as sureties for D, enters into a bond, each in different penalty, X in the penalty of 10,000, Y of 20,000 and Z of 40,000, conditioned for D s duly accounting to R. What if, D makes a default to the extent of ` 40,000. 2. (a) Mr. G delivered a shopkeeper to repair a watch on the payment of ` 100. Subsequently the shopkeeper refused to repair it for the ` 100 and also claimed to retain the watch until he is paid for the work done. Decide the right of G by examining the provision of the Indian Contract Act,1872. (b) P says to Q in the presence of and within the hearing of R that he (P) is the R s agent. Q supplied goods of ` 20,000 to P considering him as R s agent. State the position of R in reference to the Indian Contract Act,1872. The Negotiable Instruments Act, 1881 3. (a) All cheques are bills of exchanges but all bills of exchanges are not cheques . Explain. (b) State with reasons whether the statement is correct/incorrect: (i) Oral acceptance given by drawee is valid in law. (ii) Notary Public is a government servant. 4. State the law as to calculation of the maturity of negotiable instrument. What will be the due dates in the following cases of the instruments: (i) A bill of exchange dated 20 th November 2012, payable 4 months after date. (ii) A note is made payable sixty days after sight. The note is presented for sight on 15 th April, 2013. The Institute of Chartered Accountants of India

Formatting page ...

Tags : CA IPCC, sample / model / mock / past / previous / old / online test papers, Group I, Group II, accounting technician course, atc, accounts, accounting, business laws, ethics, communiation, cost accounts, cost accounting, financial management, fm, tax, taxation, advanced accounting, audit, auditing, assurance, itsm, it & sm, information technology, strategic management, Integrated Professional Competence Course, may, november, 2015, 2014, 2013, 2012, 2011, 2010, 2009.

ca_ipcc chat

Horizontal lines at:
Guest Horizontal lines at:
AutoRM Data:
Box geometries: