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 . . .
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.
