CA Foundation Law

Detailed, exhaustive and comprehensive anki deck for CA Foundation: Business Laws, Paper 2. Passed CA Foundation with distinction, first attempt using this deck. Not to boast, simply and sincerely the power of active recall and spaced repetition. Make sure to practice exam questions along with Anki. Trust the process. Enjoy studying! (Note: deck made from textbook for CA Foundation, Jun 2023 and Dec 2023 attempt; changes in content, applicable from May 2024 onwards not updated in this deck, so be advised to make appropriate adjustments, as applicable)

Sample Data

Front	Can minor be insolvent? why?
Back	No. Minor cannot contract debts and dues only payable from his personal property; minor never being personally liable

Front	Sain Das vs. Ram Chand
Back	Point: Joint contract by minor and adult; adult liable, not minorDetails: Joint purchase by two purchasers, one minorHeld: vendor could enforce contract against major purchaser and not minor

Front	Minor's liability for torts details
Back	Minor liable for tort unless tort in reality is breach of contractIf minor takes horse and kills or instruments and loses, not liable UNDER CONTRACT ACT only (esp for former); but if lends either to friend and subsequently results in death or loss respectively, minor held liable