CA_CPT :: 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 . . .
- To test the general comprehension of elements of mercantile law.
|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.|