CA IPCC Business Law Important Questions For Nov 2019 | Last 10 Days Preparation
CA IPCC Business Law Important Questions For Nov 2019 | Last 10 Days Preparation. In the previous articles, we have given CA IPCC Accounting and Tax chapter wise important questions for November 2019 attempt. Today we are providing CA IPCC law most important questions for Nov 2019 attempt (सीए आई.पी.सी.सी लॉ इम्पोर्टेन्ट प्रश्न). With only a few days left for the CA IPCC exam Nov 2019, students have very less time to cement their learnings and get well prepared to write the perfect exams. During these days before the exams, students should avoid studying anything new. They must focus on practising and revising what they have studied until now.
Moreover, they must go through the important topics and practice the questions related to those topics. This will help to fine-tune your preparations for the board exams. It’s very essential that students pick reliable study material and practice manual, which provide only important and meaningful stuff so that students are able to make an effective preparation for the exam
In the CA IPCC law paper, Business Laws cover 30 marks. Contract Act has been already done and revised in CPT and even in IPCC but still, it’s relevant for questions related to correct and incorrect/true or false. So have a thorough reading of it. You will see that most answers related to this Act can be answered through applying simple logic but you have to state the correct explanation for your answer so you need to read the act. Or else most students prefer to drop it. Negotiable instruments act is very important from the point of view of short answer questions and case studies too. And finally some relief for you. Prepare anyone act out of the payment of gratuity act or payment of bonus acts as they merely cover 4 -5 marks and you have to choose to attempt any 2 out of 3–4 questions to answer EPF is not so important as per experts view.
- CA IPCC Accounts Important Questions For November 2019
- CA IPCC Business Law Important Questions For Nov 2019
- CA IPCC Company Law Important Questions For Nov 2019
- CA IPCC Ethics and Communication Important Questions For November 2019
- CA IPCC Cost Accounting Important Questions For Nov 2019
- CA IPCC Financial Management Important Questions For Nov 2019
- CA IPCC Tax Important Questions For Nov 2019
- CA IPCC Advanced Accounting Important Questions For November 2019
- CA IPCC Auditing Important Questions For Nov 2019
- CA IPCC IT and SM Important Questions For November 2019
CA IPCC Business Law Important Questions For Nov 2019
Here we have provided all the important question of CA IPCC Group -I Law important guess questions. People who are preparing for the CA IPCC Nov 2019 Law Ethics and Communication exam can follow these questions for their exams preparation. If you don’t have time, here we have given all 4 marks important questions, 8 marks important questions and 16 marks important questions. So prepare all these short answers questions and long answers questions. Please have a look!
BAILMENT AND PLEDGE
- Briefly state the rights of Bailor?
- Briefly state the Duties of Bailor?
- State the provisions relating to Pledge by Mercantile Agents?
- Distinguish between Bailment and Pledge.
INDEMNITY AND GUARANTEE
- Contract of Indemnity Vs. Contract of Guarantee
- State circumstances in which contract of guarantee can be treated as invalid?
- Explain the nature and extent of Surety’s liability?
CONTRACT OF AGENCY
- What is meant by Agency by Ratification? State some rules for valid ratification. (Or) The relationship of Principal and Agent may be constituted by subsequent ratification by the Principal. (Sec.196)
- What is an Irrevocable Agency? When such an agency is created?
- State the position of an Agent towards third parties (Or) State the rules relating to the personal liability of an Agent for a contract entered into by him on behalf of his Principal.
PAYMENT Of GRATUITY ACT. 1972
- Eligibility and payment of Gratuity [Sec.4 (1)] (Or) When is Gratuity Payable? whom it is payable.
- Write about the computation of Gratuity amount payable (Or) Explain the manner in which the gratuity is payable to employees in a seasonal as well as other establishments as is calculated under the payment of Gratuity Act, 1972. Also, state the maximum amount of Gratuity payable under the Act. [Sec.4 (2)]
- Write about the word “Continuous service” U/s 2A of the Payment of Gratuity Act, 1972.
- Write a short note on the following:
- Mode of Payment of Gratuity
- Recovery of Gratuity in case of default in payment
- Protection of Gratuity
- Write short notes on reduction and forfeiture of gratuity [Sec 6(6)].
- Explain the provisions as to Nomination for gratuity (Central) Rules, 1972].
THE EMPLOYEES PROVIDENT FUND & MISCELLANEOUS PROVISIONS ACT. 1952 THEORY QUESTIONS:
- State the establishments which are exempted from the operations of Employees Provident Funds and Miscellaneous Provisions Act, 1952.
- Explain the provisions of the EPF Act relating to Employee’s Provident Fund Scheme and its salient features. (Or) State the provisions regarding the Quantum of contribution by the Employees as well as employer under the Employees’ Provident Funds and Miscellaneous Provisions Act. Can the amount of contribution be increased by the employee?
- Write about the “Employee’s Deposit-linked Insurance Scheme”
- What do you know about the constitution, rights and duties of the Central Board, with regard to EPF Act? (OR) State the composition and functions of the Central Board as provided under the provisions of EPF Act.
- Discuss the Power of CG to set up an Executive Committee under the EPF Act. (Or) State the composition of Executive Committee.
- Explain the provisions of the EPF Act with regard to the protection against the attachment of the Provident Fund.
- Explain the provisions of the EPF Act with regard to the transfer of accounts of an employee in case of his leaving the employment and taking up employment in another establishment.
- Explain briefly the appointment of inspectors and their powers under Sec.13 of the Act.
- Explain the provisions of the EPF Act, authorising certain employers to maintain a provident fund account?
PAYMENT Of BONUS ACT. 1965
- Who are the employees excluded from the Payment of Bonus Act?
- Examine the bonus entitlement to the following persons:
- A Probationer.
- An employee who committed a fraud Or A Dismissed Employee.
- An employee who is found guilty of misconduct causing financial loss to the employer.
- An Apprentice.
- A Retrenched Employee.
- An employee employed through contractors on building operations.
- A University teacher
- An employee of the ‘NABARD’.
- A reinstated employee without wages for the period of dismissal.
- A retrenched employee who worked for 45 days in a year on a salary of Rs.12,000 per month.
- D, an employee employed by an establishment engaged in an industry carried on by a department of the Central Government.
- J, who is working in a social welfare organization.
- Write the provisions relating to a minimum & maximum bonus?
- Can an employer deduct any amount due from an employee from the bonus payable to him? If so, when and what are the limitations of it.
- What is the time limit for payment of bonus and what action can be taken by an employee for the recovery of bonus due to his employer?
- When the Payment of Bonus Act is applicable to the establishment in public sector?
- In what way does the Payment of Bonus Act regulate the payment of bonus to employees linked with productivity? What restrictions apply in such cases on payment of bonus to an employee?
NEGOTIABLE INSTRUMENTS ACT. 1881
- What is a promissory note? Who are the parties and state the essential features of a promissory note?
- What is meant by Bill of Exchange? Who are the parties and state its essential features?
- Write down the provisions relating to maturity and days of grace with examples for negotiable instruments under the Nl, Act, 1881?
- Examine the Differences between ‘Cheque’ and a ‘Bill of Exchange’ under the provisions of the Nl Act, 1881.
- What is meant by the crossing of cheque? Write about different types of the crossing. Also, explain the provisions relating to the crossing of a cheque after issue?
- Who is a holder in due course? State the privileges available to a holder in due course?
- Write about different types/kinds of endorsement?
- Define material alteration under the Negotiable Instruments Act, 1881 and give examples.
- Explain the following: a)Drawee in case of need. b) Acceptor for the honour.
- Discuss the ‘Capacity’ and ‘Authority’ of a person to be a party to a negotiable instrument.
- What are the consequences of a cheque being dishonoured for insufficiency of funds in the account?
- Who will exercise jurisdiction for filing of complaints u/s material alteration of the Nl Act, 1881 as amended by the Negotiable Instruments (Amendment) Act, 2015? Explain?
LAW ETHICS AND COMMUNICATION (Practical)
BAILMENT AND PLEDGE
- M lends a sum of Rs.5,000 to B, on the security of 2 shares of a Limited Company on 1st April 2007. On 15th June 2007, the company issued 2 bonus shares. B repays the loan amount of Rs.5,000 along with interest but M returns only 2 shares which were pledged and refuses to give the 2 bonus shares. Advise B in the light of the provisions of the Indian Contract Act, 1872.
- G delivered a shopkeeper to repair a watch on the payment of Rs. l00. Subsequently, the shopkeeper refused to repair it for the Rs. 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.
- A the Pledgor pledges a cinema projector and other accessories with Cine Association Co-operative Bank Limited, the Pledgee, for a loan. A request the bank to allow the pledged goods to remain in his possession and promises to hold the same in trust for the Pledgee and further promises to handover the possession of the same to the bank whenever demanded. Examining the provisions of the Indian Contract Act, 1872 decide, whether a valid contract of pledge has been made between A, the Pledgor and Bank, the Pledgee?
- Ravi sent a consignment of goods worth Rs.60,000 by railway and got railway receipt. He obtained an advance of Rs.30,000 from the bank and endorsed the railway receipt in favour of the bank by way of security. The railway failed to deliver the goods at the destination. The bank filed a suit against the railway for Rs.60,000. Decide in the light of provisions of the Indian Contract Act, 1872, whether the bank would succeed in the said suit?
- Examine whether the following constitute a contract of ‘Bailment’ under the provisions of the Indian Contract Act, 1872:
- V parks his car at a parking lot locks it and keeps the keys with himself.
- Seizure of goods by customs authorities.
INDEMNITY AND GUARANTEE
- Explain the legal position in the following situations:
- A guarantees payment to a grocer to the amount of Rs. 2,000 for any grocery that is being purchased from time to time by his wife. Grocer supplies more than the value of Rs. 2000 which is paid by the A. Afterwards grocer again supplies the grocery to the value of Rs. 8,000. State the liability of A.
- An x guarantees payment to Y of the price of the four latfropi^ets to be sold by Y to X and to be paid for in a month. Y delivers the sets to X. X pays for thepCrat^r on Y delivers three more sets to X. State the liability of X.
- ‘A’, ‘B’ and ‘C’ are partners in a firm. They jointly promise to pay Rs 1,50,000 to ‘P’. C became insolvent and his private assets are sufficient to pay only 1/5 of his share of debts. A is compelled to pay the whole amount to P. Examining the provisions of the Indian Contract Act, 1872, decide the extent to which A can recover the amount from B.
A stands as a Surety for the good conduct of B who is employed in a bank. B misappropriates some money but the bank excuses him without informing A of B’s misconduct. B again misappropriates. Is A liable to the bank?
Mr X is employed as a cashier on a monthly salary of Rs 2,000 by ABC bank for a period of three years. Y gave surety for X’s good conduct. After nine months, the financial position of the bank deteriorates. Then X agrees to accept a lower salary of Rs 1,500/- per month from Bank. Two months later, it was found that X has misappropriated cash since the time of his appointment. What is the liability of Y?
CONTRACT OF AGENCY
- A appoints M, a minor, as his agent to sell his watch for cash at a price not less than Rs.700. M sells it to D for Rs.350. Is the sale valid? Explain the legal position of M and D, referring to the provisions of the Indian Contract Act, 1872.
- Sunil borrowed a sum of Rs. 3 lakh from Rajendra. Sunil appointed Rajendra as his agent to sell his land and authorized him to appropriate the amount of loan out of the sale proceeds. Afterwards, Sunil revoked the agency. Decide under the provisions of the Indian Contract Act, 1872 whether the revocation of the said agency by Sunil is lawful?
- Ahuja of Delhi engaged Mr Singh as his Agent to buy a house in West Extension area. Mr Singh bought a house for Rs.20 lakhs in the name of a nominee and then purchased it himself for Rs.24 lakhs. He then sold the same house to Mr.Ahuja for Rs.26 lakhs. Mr.Ahuja later comes to know the mischief of Mr Singh and tries to recover the excess amount paid to Mr Singh. Is he entitled to recover any amount from Mr Singh? If so, how much? Explain.
- Aditya holds a lease from Birla which is terminable on three months’ notice. C, an unauthorized person gives notice of termination to Aditya. Examine with reference to the provisions of the Indian Contract Act, 1872, whether Aditya is bound by the termination of Lease.
PAYMENT Of GRATUITY ACT. 1972
- E was an employee of Tea Estate Ltd. The whole of the undertaking of Tea Estate Ltd. was taken over by a new company – Asia Tea Estate Ltd. The service of E remained continuous in the new company. After serving for one year E met with an accident and became permanently disabled. E applied to the new company for the payment of gratuity. The company refused to pay gratuity on the ground that E has served only for a year in the company. Examine the validity of the refusal of the directors in the light of the provisions of the Payment of Gratuity Act, 1972.
- An employee is employed in a seasonal establishment. The establishment was in operation for four months only during the accounting year 1994. The employee is not in continuous service during this period. However, he has worked only for eighty days. Giving reasons for your answer, decide:
a) Whether the employee is entitled to gratuity payable under the Payment of Gratuity Act, 1972?
b) Would your answer be different, in case the employee worked for 100 days
- K is an employee of RST Limited, a software company which works five days a week. K was not in continuous service during the financial year 2009-10. However, she worked only for 150 days because she was on maternity leave with full pay for 50 days. Referring to the provisions of the Payment of Gratuity Act, 1972 decide, whether K is entitled to gratuity payable under the Act? Will your answer remain the same if RST Limited works six days a week?
Mr X was an employee of Mutual Developers Limited. He retired from the company after completing 30 years of continuous service. He applied to the company for the payment of gratuity within the prescribed time. The company refused to pay the gratuity and contended that due to stringent financial condition the company is unable to pay the gratuity. Mr X applied to the appropriate authority for the recovery of the amount of gratuity. Examine the validity of the contention of the company and also state the provisions of law to recover the gratuity under the Payment of Gratuity Act, 1972.
Wazir Chand happens to be a retired Railway servant who occupies the Government quarter, and even after superannuation continued to occupy the Government quarter. For such continuance, the Government, in accordance with Rules, has charged penal rent from the retired Wazir Chand and after adjusting the dues of the Government, the balance amount of the gratuity, which was payable, has been offered to be paid. Examine the contention of the Government and the decision taken by Government to adjust the amount of gratuity in the lights of the provision of the Payment of Gratuity Act, 1972.
THE EMPLOYEES PROVIDENT FUND & MISCELLANEOUS PROVISIONS ACT. 1952
- Vimal is an employee in a company. The following Payments were made to him during the following years.
a) piece rate wages
b) Productivity Bonus
c) Additional dearness allowance.
d) Value of Puja gift.
Examine as to which of the payments form part of ” basic wages ” of Vimal Under the employees’ Provident Funds and Miscellaneous Provisions Act, 1952.
S retired from the services of PQR Limited, on 31st March 2009. He had a Sum of 5 lakhs in his Provident Fund Account. It has become due for payment to S on 30th April 2009 but the company made the payment of the said amount after one year. S claimed for the payment of Interest on the due amount at the rate of 15% per annum for one year. Decide, whether the claim of S is tenable under the provisions of the employees’ Provident Funds and Miscellaneous Provisions Act, 1952.
- Manorama Group of Industries sold its textiles unit to the Giant Group of Industries. Manorama Group contributed 25% of the total contribution of the Pension Scheme which was due before sale under the Act. The transferee company refused to bear the remaining 75% contribution in the pension scheme. Decide under EPF Act who will be liable to pay for the remaining contribution in case of transfer of Establishment and up to what extent.
- State the validity of the following nominations made under the Employees Provident Funds and Miscellaneous Provisions Act,1952:
- A nominated B (his wife) and K (his friend) as the nominee.
- R, who is single with no family, nominated S( relative) as a nominee.
- An Inspector appointed under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 makes an inspection at 10 p.m. (five hours after factory timings) and seeks to take copies of the “Shareholders’ Register”. How far under the Act is his action reasonable?
- R, a 57 years old district judge was appointed by the Central Government as Presiding Officer of the Employee’s Provident Funds Appellate Tribunal for a period of five years. After three years, he (R) resigns from his office and ceases to work with immediate effect without handing over the charge to his successor, who was not appointed by the Government till that date. Examine the validity of R’s action to cease work under the provisions of the Employee’s Provident Funds and Miscellaneous Provisions Act, 1952.
- Pioneer Mills Ltd has been regularly depositing the Provident Fund Contributions to the Government. Owing to adverse market conditions, the Company suffered losses for the past two years. The Company’s Management is considering the reduction of Salary of the Employees to reduce the Company’s Contribution to Provident Fund and instead, to pay Compensatory Allowance, so that the Employees pay package remains the same. Explain in terms of the Employees’ Provident Fund and Miscellaneous Provision Act, 1952, whether the Company can effect such reduction.
PAYMENT Of BONUS ACT. 1965
- X, a temporary employee drawing a salary of Rs.3,000 per month, in an establishment to which the Payment of Bonus Act, 1965 applies was prevented by the employers from working in the establishment for two months during the financial year 2001-2002, pending a certain inquiry. Since there were no adverse findings ‘X’ was re – instated in service. Later, when the bonus was paid to other employees, the employers refuse to pay the bonus to ‘X’, even though he has worked for the remaining ten months in the year. Examine the validity of the employer’s refusal?
- ‘E’ joined as a supervisor on a monthly salary of Rs.13,400 on 1.2.2016 and resigned from his job on 28.2.2016. The company declared a bonus of 20% to all eligible employees and paid it on time. Mr. ‘E’ knowing the facts made a claim to HRD, which in turn rejected to claim. Examine the validity in the light of the provisions of the payment of Bonus Act, 1965.
- During the financial year 2010-2011, Mr Ram was a temporary employee in Ayurved Products Limited and drawing a salary of Rs 6000/- per month. On the basis of the charge of violent behaviour within the premises of the company, he was prevented from working in the company for 60 days pending the inquiry. Since there was no adverse conclusion against him, he was reinstated in the service with back salary. He worked for the remaining ten months in that financial year and thereafter resigned from the service. Afterwards, when the bonus was paid to other employees, the company refused to pay a bonus to Mr Ram. Decide, whether Mr Ram will be entitled to a bonus under the provisions of the Payments of Bonus Act, 1965?
- ABC Textiles Ltd. employed 20 full-time and 5 part-time employees who were drawing a salary less than Rs. 10,000 per month. After completing service of 28 days, in an accounting year, 10 full-time employees submitted their resignations and left the service of the company. The Board of directors of this company decided not to give the bonus to the employees, who resigned, to the remaining full-time employees and to the part-time employees. Against the decision, all the employees applied to the court for relief. Decide, stating the provisions for the Payment of Bonus Act, 1965, whether the employees who resigned, remaining full-time employees and part-time employees will get relief.
- Spark Wooden Toys Limited was established at Kolkata in the year 2005 employing 100 workmen. Since then, the company suffered losses, but the minimum bonus was paid in the accounting years of 2006 and 2007. In the accounting year 2008, the company earned huge profits. After mitigating the previous losses the company is having surplus profits and wants to pay the bonus to its workmen. Skypark Wooden Toys Limited wants legal advice on the following issues:
a) How much minimum and maximum bonus may be paid to the workmen?
b) Whether the company may adjust the puja bonus already paid to the workmen while calculating the amount of bonus payable to workmen for that accounting year.
c) The company wants to give wooden toys as a bonus instead of cash. Whether the company can do so?
Advise Skylark Wooden Toys Limited, stating the provisions of the Payment of Bonus Act, 1965.
- X was an employee of Universal Limited. He retired from the company on 31st March 2010 and died after a few months. Y, the heir of X, applied within the prescribed time to the company for payment of a due bonus of X. The company refused to pay the bonus. Examine the validity of the company’s refusal and also state the procedure to recover the bonus under the provisions of the Payment of Bonus Act, 1965.
- On 1st January, Aryan Textiles Ltd agreed with its employees, for the payment of an annual bonus linked with production or productivity instead of bonus based on profits subject to the limit of 30% of Salary & Wages during the relevant accounting year. It was also agreed by the employees that they will not claim Minimum Bonus stated U/s.10 of the payment of Bonus Act, 1965. As per the agreement the employees of the company claimed the annual bonus linked with production or productivity in the relevant accounting year. On refusal of the Co., the employees of the Company moved to the Court for relief. Decide whether the employees will get the relief. In spite of the aforesaid agreement whether the employees are still entitled to receive Minimum Bonus?
- Standard Airways Limited was incorporated at Chennai in the year 2005, employing 125 workmen. Due to the strike of workers, mismanagement in the company and accidental loss of the assets the company suffered heavy loss continuously since, its corporation results in large part of the capital and assets getting wiped out. consequently, the company moved an application to the government of Tamilnadu requesting to exempt the company fully from the application of the provision of payment of bonus Act, 1965. decide whether the government of Tamilnadu may grant an exemption to the company. State the provisions of the law in this regard as stated underpayment of bonus Act 1965.
- Rajesh is working as a salesman in a con (Mowing payments were made to him by the company during the previous financial year (a) Overtime Allowance, (b) Dearness Allowance, (c) Commission on Sales, (d) Employer’s Contribution towards Pension Fund, and (e) Value of Free Food. Examine as to which of the above payments form part of “Salary” of Rajesh, under the payment of Bonus Act, 1965.
NEGOTIABLE INSTRUMENTS ACT. 1881
- A cheque payable to bearer is crossed generally and is marked “not negotiable”. The cheque is lost or stolen and comes into the possession of B who takes it in good faith and gives value for it. B deposits the cheque into his own bank and his banker presents it and obtains payment for his customer from the bank upon which, the cheque is drawn. a) Can both the bankers, viz., banker paying the cheque and the banker collecting it plead exoneration from their liability? b) Can B be compelled to refund the money to the true owner of the cheque?
- Bharat executed a promissory note in favour of Bhushan for Rs.5 Crores. The said amount was payable three days after sight. Bhushan, on maturity, presented the promissory note on 1st January 2008 to Bharat. Bharat made the payments on 4th January 2008. Bhushan wants to recover interest for one day from Bharat. Advise Bharat, in the light of provisions of the Nl Act, 1881, whether he is liable to pay the interest for one day?
- X draws a bill on Y but signs it in the fictitious name of Z. The bill is payable to the order of Z. The bill is duly accepted by Y. M obtains the bill from X thus becoming its holder in due course. Can Y avoid payment of the bill? Decide in the light of the provisions of the Nl Act, 1881.
- J accepted a bill of exchange and gave it to K for the purpose of getting it discounted and handing over the proceeds to J. K having failed to discount it, returned the bill to J. J tore the bill in two pieces with the intention of cancelling it and threw the pieces in the street. K picked up the pieces and pasted the two pieces together, in such manner that the bill seemed to have been folded for safe custody, rather than cancelled. K put it into circulation and it ultimately reached L, who took it in good faith and for value. Is J liable to pay for the bill under the provisions of the Negotiable Instruments Act,1881?
- Mr A-induced Mr B by fraud to draw a cheque payable to Mr .C or order. Mr A obtained the cheque, forged Mr C’s endorsement and collected proceeds to the cheque through his Bankers. Mr B the drawer wants to recover the amount from Mr C’s Bankers. Decide in the light of the provision of Negotiable Instruments Act, 1881. a) Whether B the drawer can recover the amount of the cheque from C’s Bankers. B) Whether C is the Fictitious Payee? Would you answer be still the same in case C is a fictitious person?
- Raman is the payee of an order cheque. John steals the cheque and forges Raman’s signatures and endorses the cheque in his own favour. John then further endorses the cheque to Anil, who takes the cheque in good faith and for valuable consideration. Examine the validity of the cheque as per provisions of the Negotiable Instruments Act, 1881 and also state whether Anil can claim the privileges of a Holder in Due course.
- A draws a bill on B. B accepts the bill without any consideration. The bill is transferred to C without consideration. C transferred it to D for value. Decide i) Whether D can sue the prior parties of the bill, and ii) Whether the prior parties other than D have any right of action inter se? Give your answer in reference to the Provisions of Nl Act, 1881.
- A draws a bill of exchange on B for Rs.1,000 payable to the order of A. B accepts the bill but subsequently, dis honours it by non-payment. A sues B on the bill. B proves that it was accepted for value as to Rs.800 and as an accommodation to the plaintiff as to the residue. Can A recover Rs.1,000?
- X a major, and M, a minor, executed a promissory note in favour of P. Examine with reference to the provisions of the Negotiable Instruments Act, the validity of the promissory note and Whether it is binding on X and M.
- Ram, a legal successor of Shyam, the deceased person, signs a Bill of Exchange in his own name admitted liability of Rs.1,50,000 i.e. the extent to which he inherits the assets from the deceased payable to Mohan after 3 months from 1st January 2015. On maturity, when Mohan presents the bill to Ram, he (Ram) refuses to pay for the bill on the ground that since the original liability was that of Shyam, the deceased, therefore he is not liable to pay for the bill. Referring to the provisions of the Nl Act, 1881 decide whether Mohan can succeed in recovering Rs. 1,50,000 from Ram.
- J, a shareholder of a Company purchased for his personal use of certain goods from a Mall (Departmental Store) on credit. He sent a cheque drawn on the Company’s account to the Mall (Departmental Store) towards the full payment of the bills. The cheque was dishonoured by the Company’s Bank. J, the shareholder of the company was neither a Director nor a person in charge of the company. Examining the provisions of the Nl Act, 1881 state whether J has committed an offence u/s 138 of the Act and decide whether he (J) can be held liable for the payment, for the goods purchased from the Mall(Departmental Store).
We hope with the help of this article, now you know the what are the important topics in CA IPCC law for Nov 2019 (सीए आई.पी.सी.सी लॉ इम्पोर्टेन्ट प्रश्न) attempt. People who are searching for the CA IPCC business law important questions for CA exam can utilize these questions for their exam preparation. Students should understand that it is not recommended to skip some topics and read only a few important ones. Try to cover entire IPCC syllabus and that’s what ICAI expects from you and even IPCC question papers are based on that. These important questions are for those students who don’t prepare well for the exam and try to get at least 40 marks. So don’t depend on these questions if you have so much time for the exams. If you have any doubts the comment below. We will try to help you. And don’t forget to share this article with your friends who are going to write CA IPCC exams in November 2019.