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CA Foundation Paper 2A Business Laws : Chapter 2: The Sale of Goods Act, 1930 Notes, Charts & Lectures All Compilation AT One Place in PDF

Hello Dear CA Foundation Students,

We are Sharing With You Notes and Lectures of CA Foundation Paper- 2A Business Laws Chapter :- 2 The Sales of Goods Act 1930 . 😍 CA STUDY NOTES

Chapter 2: The Sale of Goods Act

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.

ICAI CA Foundation Business Law Notes & Lectures

🌏SECTION LIST:

[ the sale of goods act, 1930].

➢ Buyer: SECTION 2(1) ➢ Seller: SECTION 2(13) ➢ Goods: SECTION 2(7) ➢ Existing Goods: SECTION 6 ➢ Specific Goods: SECTION 2(14) ➢ Future Goods: SECTION 2(6) ➢ Contingent Goods: SECTION 6(2) ➢ Delivery: SECTION 2(2) ➢ Document of title to goods: SECTION 2(4) ➢ Mercantile Agent: SECTION 2(9) ➢ Property: SECTION 2(11) ➢ Insolvent: SECTION 2(8) ➢ Price: SECTION 2(10) ➢ Quality of Goods: SECTION 2(12) ➢ Sale and Agreement to Sell: SECTION 4 ➢ Contract of sale how made: SECTION 5 ➢ Goods perished before making of contract: SECTION 7 ➢ Goods perished before sale but after agreement to sell: SECTION 8 ➢ Ascertainment of price: SECTION 9& 10 ➢ Stipulation as to time: SECTION 11 ➢ Condition and Warranties: SECTION 12 ➢ When conditions to be treated as warranty: SECTION 13 ➢ Express and implied condition and warranties: SECTION 14 – 17 ➢ Caveat Emptor: SECTION 16 ➢ Passing of property: SECTION 18 – 25 ➢ Risk Prima Facie Passes with Property: SECTION 26 ➢ Transfer of title: SECTION 27 – 30 ➢ Performance of the contract of sale: SECTION 31 – 44 ➢ Unpaid seller: SECTION 45 ➢ Rights of an unpaid seller: SECTION 46 ➢ Seller’s lien: SECTION 47 ➢ Part delivery: SECTION 48 ➢ Termination of lien: SECTION 49 ➢ Rights of stoppage in transit: SECTION 50 ➢ Duration of transit: SECTION 51 ➢ How stoppage in transit is effected: SECTION 52 ➢ Effects of sub sale or pledge by buyer: SECTION 53 ➢ Right of re-sale: SECTION 54 ➢ Rights of unpaid sell against the buyer: SECTION 55 – 61 ➢ Auction sale: SECTION 64

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CA Foundation Business Law Study Material Question Bank Pdf | CA Foundation Law Case Studies Questions with Answers

CA Foundation Business Law: If you want to learn the subjects and their concepts deeply then downloading the officially released CA foundation business law paper 2 study material is the best solution. Are you looking for the same in pdf format? You have stepped into the right place where you can acquire the pdf formatted Business law CA foundation program study notes along with the chapter-wise weightage details. Let’s dive in!

• ICAI CA Foundation Business Law Study Material
• CA Foundation Business Law Study Material
• CA Foundation Business Law Notes

Preparation Tips For Business Law CA Foundation Examination

• Where can you find the CA Foundation law chapter-wise questions and answers pdf?
• Which chapters are important in CA Foundation Law?
• How do I clear my CA Foundation law?

Important Case Studies for CA Foundation Law | ICAI CA Foundation Business Law Study Material

The institute of chartered accountants of India (ICAI) conducting body introduces the new syllabus and the exam resources for the respective students who have applied for the CA courses. CA Foundation is the first-level chartered accountancy course. CA foundation business law is the second paper in the CA foundation program. Students can benefit by downloading the ICAI CA foundation business law handwritten notes pdf provided here.

As it includes an explanation of the core concepts of the second paper in a comprehensive and friendly pattern. All foundation course candidates can understand and learn the subject so efficiently and can answer any type of question with confidence. Here, you can find the list of important questions with answers, MCQs with solutions, True and false type questions, and Important Case Studies for CA Foundation Business Law.

CA Foundation Law Case Studies Questions with Answers | CA Foundation Business Law Study Material

We have curated the list of unit-wise CA foundation business law written notes for revision here. It covers the revised syllabus and its core topics questions and answers along with tips to prepare and present the answers in the CA foundation paper 2A business law examination.

ICAI CA Foundation Law Study Material Unit 1 Indian Contract Act, 1872

• Nature of Contract
• Offer & Acceptance
• Capacity to Contract
• Consideration
• Free Consent
• Legality of Object & Consideration
• Void Agreements
• Contingent & Quasi Contracts
• Performance of a Contract
• Discharge of a Contract

CA Foundation Law Case Study Pdf Unit 2 Sale of Goods Act, 1930

• Formation of Contract of Sale
• Conditions & Warranties
• Transfer of Ownership
• Unpaid Seller

CA Foundation Law Question Bank Pdf Unit 3 Indian Partnership Act, 1932

• General Nature of Partnership
• Relations of Partners
• Registration of a Firm & Dissolution of a Firm

CA Foundation Law Questions with Answers Unit 4 Limited Liability Partnership Act, 2008

• Limited Liability Partnership Act, 2008

CA Foundation Law Case Study Questions Unit 5 Companies Act, 2013

• Companies Act, 2013

CA Foundation Business Law Notes | CA Foundation Paper 2A Business Law Study Material PDF Unit-Wise

Attain the unit-wise study notes of CA Foundation business law from below and start downloading them for free of charge. After downloading them do practice and study regularly from the provided study material and score well in the CA foundation paper 2A law examination.

CA Foundation Business Law Notes Pdf Unit 1 Indian Contract Act, 1872

• Nature of Contracts Notes
• Offer and Acceptance Notes
• Consideration Notes
• Capacity of Parties Notes
• Free Consent Notes
• Void Agreements Notes
• Contingent Contracts and Quasi Contracts Notes
• Performance of a Contract Notes
• Discharge of a Contract Notes

CA Foundation Law Handwritten Notes Pdf Free Download Unit 2 Sale of Goods Act, 1930

• Formation of Contract of Sale Notes
• Conditions and Warranties Notes
• Transfer of Ownership Notes
• Performance of a Contract: Delivery and Payment Notes
• Rights of Buyer & Rights of Unpaid Seller Notes
• Auction Sale Notes

Business Law Notes for CA Foundation Unit 3 Indian Partnership Act, 1932

• General Nature of a Partnership Notes
• Registration of a Firm Notes
• Relations of Partners Notes
• Reconstitution and Dissolution of a Firm Notes

CA Foundation Law Revision Notes Unit 4 Limited Liability Partnership Act, 2008

• The Limited Liability Partnership Act, 2008 Notes

Law Notes CA Foundation Unit 5 Companies Act, 2013

• The Companies Act, 2013 Notes

Do look at the attached link about the previous papers on paper 2A business law chartered accountancy foundation program ie., CA Foundation Business Law Question Paper , and practice more for scoring the best marks in the final paper.

CA Foundation Law Chapter Wise Weightage

For scoring great marks in paper 2 of the CA foundation, preparation is the first and standard step to follow. To make that preparation stage so smooth for every student, here are some tips that you should consider and do one after other:

• Initially, check the released exam schedule, exam pattern, new syllabus, sample and previous question papers, study material, and revision notes.
• Now, create your own study timetable by taking the help of the CA foundation law chapter-wise weightage.
• Answering the question in the correct way is more important so present it in 3 parts where the first group implies problem identification, the second is a legal solution, and then come with the conclusion part.
• Stick to the syllabus and complete all the concepts while preparing.
• Answer all the questions in mock test papers and fill the knowledge gap.

FAQs Related To Chartered Accountancy Business Law Study Notes PDF

1. Where can you find the CA Foundation law chapter-wise questions and answers pdf?

Gstguntur.com is the right place to find the CA Foundation business law chapter-wise questions and answers in pdf format.

2. Which chapters are important in CA Foundation Law?

In any paper of the CA foundation course, you will get to see some of the important chapters which help to score minimum marks. In the business law ca foundation paper, the chapters that are crucial are the Indian contract act 1872, The sale of goods act, the Indian Partnership Act, and the Indian Companies act.

3. How do I clear my CA Foundation law?

Planning the proper strategy and focusing on it will make sure to clear all the difficult examinations in your life. So, be on it and start preparation with good exam resources like CA foundation business law study material, MCQs, and important questions & answers.

Key Outcomes

Believing that the given information related to CA Foundation Law Study Material Pdf free download assists you in preparing for the exam and gaining knowledge. If you need any other guidance on the Chartered Accountancy Business Law study notes pdf, please drop your suggestion in the comments below and get the best solution. Be with us and check the latest updates on CA Foundation Study Material, New Syllabus, Suggested Books, etc.

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CA Foundation Business Law Notes Study Material | CA Foundation Law Case Studies Questions with Answers

October 20, 2021 by Prasanna

CA Foundation Business Law Notes Study Material: The aim of this CA Foundation Law Notes Pdf Free Download is to provide an introduction to the core concepts of Business Laws in a student friendly style. The CA Foundation Business Law Notes is primarily written for the students of Foundation Course of Chartered Accountancy under the new syllabus introduced by the Institute of Chartered Accountants of India. ICAI CA Foundation Law Study Material is also useful for the students of other professional exams.

ICAI CA Foundation Business Law Study Material Notes | Important Case Studies for CA Foundation Law

We have attempted to present the CA Foundation Law Study Material in a lucid and simple style keeping in mind the students of under graduate level. The CA Foundation Business Law Study Material has been presented in a tabular form so that it becomes easier for the students to revise as well during the time of examination. To test the understanding of the student and also to enable them to have sufficient knowledge, a large number of exercise has been provided at the end of the chapters. The exercise covers a lot of Multiple Choice Questions, True and False type questions and also Theoretical Questions as well as questions in the pattern of Important Case Studies for CA Foundation Law.

CA Foundation Law Revision Notes Pdf Free Download | ICAI CA Foundation Business Law Study Material

The CA Foundation Law Revision Notes is divided into five units depending upon their respective Acts. The new syllabus and answers and hints for writing the answers further adds up to the value of the CA Foundation Law Questions with Answers.

CA Foundation Law Case Studies Questions with Answers

Business Law Notes for CA Foundation Unit 1 Indian Contract Act, 1872

• Nature of Contract
• Offer & Acceptance
• Capacity to Contract
• Consideration
• Free Consent
• Legality of Object & Consideration
• Void Agreements
• Contingent & Quasi Contracts
• Performance of a Contract
• Discharge of a Contract

CA Foundation Law Handwritten Notes Pdf Unit 2 Sale of Goods Act, 1930

• Formation of Contract of Sale
• Conditions & Warranties
• Transfer of Ownership
• Unpaid Seller

CA Foundation Law Revision Notes Unit 3 Indian Partnership Act, 1932

• General Nature of Partnership
• Relations of Partners
• Registration of a Firm & Dissolution of a Firm

CA Foundation Business Law Notes Unit 4 Limited Liability Partnership Act, 2008

• Limited Liability Partnership Act, 2008

CA Foundation Business Law Study Material Unit 5 Companies Act, 2013

• Companies Act, 2013

CA Foundation Business Law Question Paper

CA Foundation Law Chapter Wise Weightage

ICAI CA Foundation Business Law Notes

Unit 1 Indian Contract Act, 1872

• Chapter 1 Nature of Contract
• Chapter 2 Offer and Acceptance
• Chapter 3 Consideration
• Chapter 4 Capacity of Parties
• Chapter 5 Free Consent
• Chapter 6 Void Agreements
• Chapter 7 Contingent Contracts and Quasi Contracts
• Chapter 8 Performance of Contract
• Chapter 9 Discharge of Contract

Unit 2 Sale of Goods Act, 1930

• Chapter 10 Formation of Contract of Sale
• Chapter 11 Conditions and Warranties
• Chapter 12 Transfer of Ownership
• Chapter 13 Performance of Contract: Delivery and Payment
• Chapter 14 Rights of Buyer & Rights of Unpaid Seller
• Chapter 15 Auction Sale

Unit 3 Partnership Act, 1932

• Chapter 16 Nature of Partnership
• Chapter 17 Registration of Firm
• Chapter 18 Relations of Partners 170
• Chapter 19 Reconstitution and Dissolution of Firm

Unit 4 The Limited Liability Partnership Act, 2008

• Chapter 20 The Limited Liability Partnership Act, 2008

Unit 5 The Companies Act, 2013

• Chapter 21 The Companies Act, 2013

In preparation of the CA Foundation Law Study Material we have received encouragement and support from various quarters. We would be failing in our duty if we do not acknowledge the deep sense of gratitude that we owe to various people for providing us an insight and inspiration in writing the CA Foundation Business Law Study Material.

Any comment and criticism relating to the present work will be most welcome.

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CA Exam Strategies

• Oct 18, 2020

SS-15 | How to write answers in CA Foundation Law Paper?

CA Foundation is the first time when a CA student is introduced to the world of Law. Apart from learning and understanding the key concepts and provisions, one of the major factors to score good marks in the Law paper is the presentation and style of writing answers in the exam. This post aims to cover this aspect. Read on...

Types of Questions

The questions asked in the Law paper can be broadly grouped into 2 major categories:

Theoretical provision-based questions

Practical case-study based questions

The approach of answering both these categories of questions is different. Let us discuss this in detail.

How to answer Theoretical Provision-based Questions

Let us pick up an example as to what kinds of questions fall within this category.

Q. What are the exceptions to the Doctrine of Consideration as per the Indian Contract Act, 1872?

The moment you read this question, you should observe the following:

It is a straight-forward theoretical question.

There are no twists or tricks

The main ask of the question is to detail out the situations when a contract without consideration would not be void.

These are easy marks on offer.

These questions do not require any special preparation but require a set approach to writing answers. Here are my suggestions for approaching theoretical provision based questions like the one above:

Take 30 to 60 seconds to recollect the provisions of the Act. If you can remember Section 25, it is excellent.

Try to recollect all the situations (ideally 5-6 as this question would either be for 4 marks or for 6 marks) where you can highlight the exceptions.

Try to form certain scenarios or examples wherever needed for better explanation

Start the answer by quoting the relevant provisions of the Act. At the Foundation stage, a student is not expected to memorize the Section numbers. But it is a good habit to memorize and reproduce Section numbers in the answers. Needless to say, refrain from quoting wrong section numbers. Remember --> no Section numbers in the answers is better than wrong Section numbers.

The language is crucial in such answers. It is always advisable to write answers in your own words, instead of vomiting whatever you might have mugged up from the books. As long as the meaning of the provisions comes out clear in your answers in a crisp manner, it is fine.

When writing definitions, make sure that you are able to reproduce at least 90% of what and how the definition is written in the books. Do you remember how you had no choice but to mug up the Physics Laws? Same is the case in Law.

Try to remember the major keywords of the answers. Examiners only look for specific keywords in the answers and award marks. So always try to use professional technical language wherever required and highlight the main keywords in your answer script.

There is no harm in trying out some creativity in the exam hall when it comes to the representation of answers (not the content). Your answer will stand out from the rest if you can judiciously insert graphs, charts, tables or diagrams wherever required for driving home your points and arguments.

How to answer Practical Case Study-based Questions

Let us pick up another question and discuss how to answer it. This one is a question from one of the past papers:

X, Y and Z are partners in a firm. They jointly promised to pay Rs. 3,00,000 to D. Y becomes insolvent and his private assets are sufficient to pay only 1/5 of his share of debts. X is compelled to pay the whole amount to D. Examining the provisions of The Indian Contract Act, 1872, decide the extent to which X can recover the amount from Z.

The major observations after reading the question are;

It is the case-based question, not a plain-vanilla theoretical question.

The case mentions certain facts, mentions the requirement and the relevant Act which needs to be applied to the case.

It is important to note that the requirement of the question is not just amount of money X can recover from Z, but the rationale also.

These types of questions require a special approach - let us see how to answer such questions:

It is of utmost importance to read and understand the question clearly.

Clearly identify the requirement of the question and try to map which topic or topics the case tries to cover.

Try to recollect all the relevant provisions you may need to touch upon to explain the rationale behind your final recommendation on the case study

Once you have all the ingredients in your mind, try to think of the flow in which you would want to present your answer. Answering case study questions demand you to have a logical flow with crisp arguments backed by legal provisions.

Break your answer into the following 3 parts:

1. Facts of the case : A quick brief about the facts of the case is a good starting for a case-based answer. You are not required to state the facts verbatim. For instance, for the question above, you can write -->

X, Y and Z are partners who jointly promised to pay Rs. 3,00,000 to D. Y became insolvent and only 1/5th of the share of the debts could be recovered from his assets.

2. Provisions of the law : This section will build the rationale for whatever your final recommendation is. So here, you need to write the main provisions, put in your arguments and build a smooth storyline to get to the recommendation. Many students make a mistake here of writing what they personally feel about the case. No, this is absolutely wrong. What you need to mention here is what the provisions of the relevant Act state. Refrain from stating any facts here, because they have already been covered in the first part. Explain the provisions in a crisp manner. It is great if you can recollect the Section number or the relevant case law (if any). But please refrain from quoting wrong Section numbers and wrong case laws. So a standard drafting of this portion could be as follows:

As per the provisions of the Indian Contract Act, 1872, in case where the performance of the promise is to be done by the joint promisors, the liability shall be joint and several. In case any of the joint promisor becomes insolvent, his estate shall be liable for the debt. The loss of insolvent promisor shall be borne by the solvent promisors.

3. Conclusion : The final conclusion or recommendation will be drawn from the provisions of the law. However, you do not need to mention the provisions here again. What you need to do here is to capture the recommendation in the light of whatever provisions have already been discussed. The conclusion is not the place of introducting any new arguments or provisions. So in the example above, the conclusion can be drafted as follows:

Y’s share was Rs.1,00,000 out of which only Rs. 20,000 were recovered from his property. The loss of Rs.80,000 will be divided equally between X and Z. Hence, the liability of X comes to Rs 1,40,000. If now X pays entire Rs.3,00,000 then he can recover Rs.1,40,000 from Z.

The question asked me to explain what X could recover from Z and on what basis. So what I have done across the 3 parts of the answer is - explain the facts briefly, analyse the facts in the eyes of the law and then apply the provisions to do the calculation and arrive at the final conclusion.

I hope this post was able to handhold you on how to write answers in the Law paper. As you would realize, there is no rocket science here. It is just the presentation and style of writing answers. Remember that these are just suggestions from my experience. You are free to tweak the representation of your answers, provided that all the major points are covered.

Practising writing answers for case-based questions will keep you in good stead in the exams.

In case of any feedback, queries, comments or suggestions, please feel free to write to me.

Thanks for reading :)

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Home / Blog / CA Foundation Business Law June 2024: Paper Pattern, Exams, and Study Plan

CA Foundation Business Law June 2024: Paper Pattern, Exams, and Study Plan

• Last Updated on Jun 1, 2024

CA Foundation Law is the second paper of the CA Foundation course . The name of paper 2 is Business Law and Business Correspondence and Reporting. This paper aims to develop an understanding of various laws related to Business. It also assists in developing the analytical skills required to solve real-life problems.

In this article, you’ll get the CA Foundation law study material, syllabus, paper pattern, weightage, MTPs, RTPs, previous year question papers, ABC analysis and case studies. The CA Foundation Exam Date for the June 2024 examinations will be out soon. Check the complete procedure of how to become a CA in India .

Register Now for the best CA Foundation Coaching Classes in India

CA Foundation Business Law Study Material June 2024

Download the pdf of CA Foundation Law Study material relevant for the June 2024 exams

Check the complete CA Foundation study material of all subjects for the June 2024 exams.

CA Foundation Law Previous Year’s Question Papers

CA Foundation Paper 2 RTP of Last 5 Attempts

CA Foundation Business Law Mock Test Paper June 2024

Mock test papers are mocking or imagining the exams. It’s similar to the day when you will give your real exams. VSI schedules such mock tests in intervals to keep its students well-prepared for the students. ICAI also scheduled such mock tests before exams. It is important to appear for such mock tests as you may get an idea about exam patterns and also the updated syllabus.  Practising ICAI mock test papers and model question papers will help you in your upcoming CA Foundation exam. You can download the CA Foundation Law Mock Test Papers of Business Law from here.

1) ICAI CA Foundation Mock Test Papers for Business Law:

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CA Foundation Paper Pattern for Business Laws

• Paper pattern: Subjective
• Total questions asked: 100 
• Total exam duration: 2 hours 
• Maximum marks got: 100 marks(60 marks for Business Law  40 marks for business correspondence and reporting)

CA Foundation Business Laws Paper Chapter-Wise Weightage

ICAI has given weightage to particular chapters according to their implication on the real world and level of difficulty.  It is important for students to plan and prepare for the exams according to the weightage of topics and break down chapters accordingly. 

SECTION A: BUSINESS LAWS (60 MARKS)

• The Indian Contract Act, 1872: 25%-35%
• The Sale of Goods Act, 1930: 20%-25%
• The Indian Partnership Act, 1932: 20%-25%
• The Limited Liability Partnership Act, 2008: 5%-10%
• The Companies Act, 2013: 15%-20%

ICAI CA Foundation Business Law Syllabus for June 2024

 CA Foundation Syllabus has been revised by ICAI under the new scheme. Students should download the 2023 ICAI syllabus from here. 

CA Foundation Law Solutions

Watch the chapter-wise CA Foundation Law modules of last 3 year papers by Piyush sir.

If you want to get good marks in the CA Foundation exams, continuous practice in all the subjects is essential. VSI Jaipur gives the best and highest CA Foundation Results every year with the most dedicated study pattern. Dr CA RC Sharma Sir always requests students to keep practising the ICAI Question paper to get an overview of the CA Foundation exam pattern for the planned study.

Further, you can also check the complete details of the CA Course to get a better understanding of it.

CA Foundation Law ABC Analysis

How to Study for the CA Foundation Paper 2?

Students need to attempt all 100 questions in 2 hours. The questions are subjective, and students have to answer them, write letters, or even solve case studies according to new laws in the papers. The paper needs evaluation and understanding skills to solve it. If you are well versed in all the laws and their acts, then you should mention it in your answers. You should forbid giving wrong sections and acts if you are confused; instead, just write the answers.

Tips and Tricks to Crack CA Foundation Law Exams June 2024

• Understand the question and apply basic logic to the question.
• Evolve reading habits to know more about commercial terminology.
• Make a register to list all the sections and acts of law in the syllabus.
• VSI gives the best CA foundation coaching to prepare for a Law paper. With the mock test paper series and continuous revision, students become comfortable with the subject and can score good marks.

Indian Contract Act, 1872 of CA Foundation Law

The Indian Contracts Act of 1872 is among the oldest laws of the country related to trade and commerce. This law came into effect on Sept 1, 1872, in the whole country except J&K. As the name suggests, the Indian Contracts Act of 1872 is the main act for regulating the contracts in India.

Now, in CA Foundation, you will study the Indian Contracts Act of 1872, including the nature of contracts, consideration, performance, and breach of contract.

Check the complete procedure to become CA after 12th science in detail.

CA Foundation Classes

VSI provides the best CA Foundation classes for all the subjects at the most competitive price. They also provide CA pen drive classes and online classes to their students that cover all the study material in the most effective way.  

VSI also provides a pen drive class for students of both English and Hindi mediums. You can also download the study material for Hindi medium students for the Dec 2023 CA Foundation Business Law exams. 

CA Foundation Law Case Studies for the June 2024 exam

Solving case studies is one of the major challenges that students face while attempting a CA foundation law paper. We are sharing a few examples of the case studies and how they are solved.

Case study 1:

Case study 2:

Case study 3:

Case study 4:

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Vidyadhar Nagar Center

• F-115, Bajrang Bali Tower, Central Spine, Vidyadhar Nagar, Jaipur.
• (+91) 7821821256

Jhotwara Center

• Plot No. 58, Simarwal Arcade, Suraj Nagar, Opp. UCO Bank, Kalwar Road, Jaipur
• (+91) 8905991432

Counselling Center

Lal kothi jaipur.

• (+91) 8905991422,
• (+91) 8905991421,
• (+91) 8905991426,
• (+91) 8905991425,
• (+91) 8905991423,
• (+91) 8905991419,
• (+91) 8905991429,
• (+91) 8905991427,
• (+91) 9773301988,
• (+91) 9773301986,

Outside Jaipur Center

• 67(4/2), Birenu Trade Centre, Penar Road, Sakchi, Jamshedpur - 831001
• (+91) 6206261159,
• (+91) 7004859827
• Sure Pass #9, II Floor, Manasa Towers, Kodialbail, Mangalore - 575003
• (+91) 9901798000
• [email protected]

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