CA Foundation Business Laws study plan

Distinguish an offer from an invitation to offer using at least six decided illustrations, and state the legal consequence of each

Map the rules of valid acceptance (communication, revocation, silence, prescribed mode) into a one-page decision tree

Apply the doctrine of consideration and the exceptions under section 25 to five short fact patterns

Solve 30 MCQs on offer, acceptance and consideration, logging every error with the rule that was missed

Classify each category of persons incompetent to contract and predict the enforceability of their agreements

Differentiate coercion, undue influence, fraud, misrepresentation and mistake by the legal test each applies

Separate void, voidable and illegal agreements with two examples of each

Explain contingent contracts and the four quasi-contractual obligations with one illustration apiece

Sequence the rules of performance, including time and place, reciprocal promises and who may demand performance

Identify the modes of discharge, especially novation, rescission, alteration and remission

Distinguish liquidated damages from penalty and list the remedies for breach

Contrast indemnity with guarantee, and bailment with pledge, on parties, purpose and return obligation

Trace the creation and termination of agency, including ratification and the agent's duties

Define goods, distinguish sale from agreement to sell and from hire purchase

State when property in goods passes in specific, unascertained and future goods, and apply the nemo dat rule with its exceptions

Outline the conditions and warranties implied by sections 14 to 17 and the effect of caveat emptor

Explain the unpaid seller's rights of lien, stoppage in transit and resale

Compute the buyer's and seller's remedies in three problem scenarios

Test whether a given arrangement is a partnership using the essential elements and the sharing-of-profits rule

Apply the tests of partnership property and the authority of a partner in an emergency or ordinary course of business

Distinguish the liability of a minor admitted to benefits, and the effect of a partner's insolvency and retirement

Compare LLP with partnership and company on incorporation, liability, perpetual succession and audit thresholds

Outline the duties of designated partners and the contents of the LLP agreement and incorporation document

List the classes of companies and match each to its statutory threshold or condition

Sequence the incorporation steps, including name reservation, SPICe+ filings and certificate of incorporation

Explain the doctrine of lifting the corporate veil and its judicial grounds

State the rules on prospectus contents, misstatements and the remedies available to subscribers

Apply the allotment rules, including minimum subscription, application money and the 30-day return of excess

Differentiate share capital terminology and the procedure for further issue, bonus issue and buy-back

Explain the modes of becoming a member and the rules on register of members

State the requirement and consequences of registration of charges within 30 days

Outline dividend declaration rules and the board's and auditor's role in accounts

Identify the parties, essential features and types of negotiable instruments, and the rules on crossing, endorsement and holder in due course

Apply the presumptions under sections 118 and 139 to a dishonour scenario

Re-attempt every previously logged error and clear at least 80% of them

Sit two full-length timed mocks and analyse section-wise accuracy

Revise the highest-weight domains 1 to 4 using only your own summary sheets

Draft model answers for four long-form questions, one each from contracts, sale of goods, partnership and company law

Finalise a one-page formula and definition sheet for last-day revision