Mercantile Laws

CA: Common Proficiency Test
[One paper: Four Sections - 200 marks]

SESSION – I : (Two Sections – Two hours – 100 Marks)
Section B : Mercantile Law (40 Marks)

Level of Knowledge :

Basic knowledge.

Objective . . .

1. To test the general comprehension of elements of mercantile law.

Contents ...

1.	The Indian Contract Act, 1872
	An overview of Sections 1 to 75 covering the general nature of contract , consideration , other essential elements of a valid contract , performance of contract and breach of contract.
2.	The Sale of Goods Act, 1930
	Formation of the contract of sale – Conditions and Warranties – Transfer of ownership and delivery of goods – Unpaid seller and his rights.
3.	The India Partnership Act, 1932
	General Nature of Partnership – Rights and duties of partners – Registration and dissolution of a firm.