Business Law for CA Foundation

Categories: CA, Foundation
Wishlist Share
Share Course
Page Link
Share On Social Media

About Course

This AI-enabled course is meticulously crafted to help you excel in your CA Foundation exams by offering interactive learning experiences and personalized study plans. Dive into business law with our comprehensive modules designed to simplify complex legal concepts, ensuring you score better marks in your exams!

Course Content

The Indian Contract Act, 1872
This section covers how agreements become enforceable contracts and the conditions for validity. Key Topics: Offer, acceptance, and consideration Capacity (minors, unsound mind) Free consent vs. coercion, fraud, undue influence Discharge of contracts and remedies for breach Understanding these essentials helps you: Recognize when a contract is legally binding Protect your interests in any commercial or personal deal Assess potential legal issues around performance and enforcement It’s the backbone of business law, ensuring smooth transactions and clear liability allocation when disputes arise.

The Sale of Goods Act, 1930
This section explains the sale and purchase of goods in business. Key Topics: Distinction between “sale” and “agreement to sell” Types of goods (existing, future, contingent) Conditions vs. warranties and their legal impact Transfer of ownership and risk Why it matters: Clarifies rights and obligations in commercial trades Helps you handle contract breaches (e.g., defective goods) Explains the “unpaid seller” remedies, crucial in preventing losses By studying these rules, you’ll master everyday trade essentials and safeguard contractual interests.

The Indian Partnership Act, 1932
This section introduces partnerships—a common business setup. Key Topics: Definition, formation, and registration of partnership Partners’ rights, duties, and liabilities Implied authority and joint/several liability Dissolution of partnership and settlement of accounts Importance: Offers insight into how partners operate jointly yet share legal responsibility Ensures you’re aware of potential pitfalls in profit/loss sharing Helps resolve disputes with clarity on dissolution procedures Partnership law fosters effective teamwork and fair profit distribution among partners.

The Limited Liability Partnership Act, 2008
This section focuses on LLPs, combining partnership flexibility with limited liability. Key Topics: LLP incorporation and agreement Role of designated partners and compliance duties Management structure and partner changes Winding up and dissolution Why it’s relevant: Limits personal liability while allowing operational freedom Simplifies statutory requirements compared to companies Appeals to professionals, small businesses, and startups LLPs demonstrate how modern business law adapts to evolving entrepreneurial needs.

The Companies Act, 2013 (Basic Concepts)
Here, you’ll explore how companies differ from partnerships and LLPs. Key Topics: Company formation, MOA, AOA, and incorporation Types of companies (private, public, OPC) Directors, shareholders, and governance essentials Meetings, resolutions, and basic winding-up procedures Significance: Explains limited liability, perpetual succession, and separate legal entity Outlines corporate structure and regulatory framework Reinforces why robust compliance supports investor confidence Mastering these concepts prepares you for understanding and participating in corporate operations.

Student Ratings & Reviews

No Review Yet
No Review Yet