CA Foundation doubt
What is a good strategy to study Business Laws for CA Foundation May 2027?
Pls give me statergy to study law for ca fdn may 2027
Pls give me statergy to study law for ca fdn may 2027
Asked by Sarthak··2 answers
CA Foundation doubt
Pls give me statergy to study law for ca fdn may 2027
Pls give me statergy to study law for ca fdn may 2027
Asked by Sarthak··2 answers
BrunoAI answerAI first answer — verify with your teacher
Law is very scoring if you treat it as writing practice, not just reading. 1. Read each chapter from the ICAI study material first; it is the base for exam answers. 2. Write answers in this format: provision, facts, conclusion. Quote section numbers only when you are sure. 3. Practise case-study questions from ICAI RTPs, MTPs and past papers each week. Note [5] below has solved case studies. 4. Revise with short charts 3-4 times, and time yourself on full papers in the last 2 months. Check the latest ICAI syllabus and amendments that apply to May 2027.
Varsha.
Complete icai syllabus as much as do writing practice
Section numbers add value when correct, but a clearly explained provision applied to the facts is what matters most. Quote them only if you are sure.
State the relevant provision, apply it to the given facts, and end with a clear conclusion.
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CA FoundationIndian Contract Act 1872 - preparation strategy
Varsha.
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CA FoundationSale of Goods Act 1930 - ascertainment of price
BrunoAI answer
Ascertainment of price is covered by Sections 9 and 10 of the Sale of Goods Act, 1930. Section 9: Price can be: 1. Fixed by the contract itself. 2. Left to be fixed in an agreed manner. 3. Decided by the course of dealing between the parties. If none of these applies, the buyer pays a reasonable price. Section 10 (valuation by a third party): - If the third party fails to fix the price, the agreement is void. - If goods were already delivered and used by the buyer, the buyer pays a reasonable price. - If a party's fault stops the valuation, the other party can sue for damages. For practice questions, try the Law question banks in notes [1] and [4] below.
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1 answer 13 Nov 2026
CA FoundationSale of Goods Act 1930 - ascertainment of price
Madhu
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2 answers 13 Nov 2026
CA FoundationIndian Contract Act 1872 - rights of surety
BrunoAI answer
1. Right of subrogation (Sec. 140, Indian Contract Act, 1872): once the surety pays the guaranteed debt or performs the promise, he steps into the creditor's shoes. He gets all the rights the creditor had against the principal debtor. 2. Implied promise to indemnify surety (Sec. 145): every contract of guarantee carries an implied promise by the principal debtor to repay the surety. He can recover any sum he rightfully paid, but not any sum he paid wrongfully. Example: A borrows Rs 1,00,000 from a bank and pledges gold. B is the surety. A defaults and B pays the bank. - Subrogation: B can now sue A and claim the pledged gold, just as the bank could. - Indemnity: B can recover the Rs 1,00,000 from A. But if B defended the bank's suit without reasonable cause, he cannot recover those costs from A.
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1 answer 13 Nov 2026
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