DATE: 5-9-21 CODE: CF-2240 MARKS:35

BATCH:F76 + F76A + F77 + F77A + O22 (MAY.2022) + PF 111 + PF 111ABC + PF 112 + PF 112ABC (MAY.2023)
CA FOUNDATION
Business Laws and Business Correspondence and Reporting
Syllabus: LAW - CONT. ACT UNIT 1, 2
Q-1. What is a Contract ? State the Essential Elements of a Valid Contract?
(6 MARKS)
Q-2. State the Difference between Void and Voidable Contract ?
(4 MARKS)
Q-3. Define An Offer . State the types of an offer .
(4 MARKS)
Q-4. Explain the Rules regarding communication and revocation of offer and acceptance ?
(5 MARKS)
Q-5. A Contract without Consideration is Void. State the Exceptions.
(6 MARKS)
Q-6. Explain the Rule of Privity of Contract. Also state the situations in which this Rule does not apply?
(5 MARKS)
Q-7. What is Consideration? State the Essentials of a Valid Consideration?
(5 MARKS)

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