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Consideration · Paper 5 Business Laws and Ethics | CA CMA CS Hub

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CMA
Intermediate
Business Laws and Ethics
Indian Contracts Act, 1872
Consideration

3

Consideration

Paper 5 Business Laws and Ethics · CMA · Intermediate · Entry 12 of 65

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Sits under Module 2 Indian Contracts Act, 1872 in the official syllabus

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PreviousVoid and Voidable Agreements NextLegality of Object

All 65 entries in Paper 5

A: Commercial Laws

Introduction to Law and Legal System in India7 chapters

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Primary and Subordinate Legislations

5Legislative Process in India

6Legal Methods including Judicial Alternative Dispute Resolution (ADR) Process in India

7Legal Terminology and Maxims

Module 2Indian Contracts Act, 187213 chapters

Essential Elements of a Contract, Offer and Acceptance
Void and Voidable Agreements
ConsiderationYou are here
Legality of Object
E-contracts - Essential Requirements for Enforceability
Constraints to Enforce Contractual Obligations
Quasi-contracts, Contingent Contracts, Termination or Discharge of Contracts
Assignment of Contractual Rights and Obligations
Representations and Warranties
Impossibility and Force Majeure
Termination by Novation
Tender Procedure of Government Contract
Special Contracts - Indemnity and Guarantee; Bailment and Pledge; Laws of Agency

Module 3Sale of Goods Act, 19306 chapters

Essential Conditions of a Contract of Sale
Transfer of Ownership
Conditions and Warranties
Performance of the Contract of Sale
Rights of Unpaid Seller
Auction Sales

Module 4Negotiable Instruments Act, 18815 chapters

Definition and Features of Negotiable Instrument
Crossing, Endorsement and Material Alteration
Acceptance, Assignment and Negotiation
Rights and Liabilities of Parties
Dishonour of a Negotiable Instrument (with Special Emphasis on Section 138)

Module 5Indian Partnership Act, 19323 chapters

Nature of Partnership
Rights and Liabilities of Partners
Formation, Reconstitution and Dissolution of Firms

Module 6Limited Liability Partnership Act, 20082 chapters

Concept, Formation, Membership, Functioning
Dissolution

B: Industrial Laws

Factories Act, 1948
Payment of Gratuity Act, 1972
Employees Provident Fund and Miscellaneous Provisions Act, 1952
Employees State Insurance Act, 1948
The Code on Wages, 2019

C: Corporate Laws

Companies Act, 20136 chapters

D: Business Ethics

Business Ethics and Emotional Intelligence10 chapters