ACT-Arjun Chhabra Tutorial

📘 CA Foundation Law – Important Topics Master List Chapter 2: The Indian Contract Act, 1872 Unit 1: Nature of Contracts Intention to create legal relation Difference between: • Void Contract vs. Voidable Contract • Void Agreement vs. Illegal Agreement • Collateral Agreement Offer – Definition & Rules Invitation to offer Acceptance & Rules Acceptance by performance (Sec 8) Communication of Offer & Acceptance (Secs 4 & 5) Unit 3: Other Essential Elements of a Contract Agreement with minor Free consent + Difference between free consent & coercion/undue influence/misrepresentation/fraud/mistake Agreements opposed to public policy: • Trafficking in public offices/titles • Monopolies • Interference with justice Consideration unlawful in part (Sec 24) Restraint of trade (Sec 27) Restraint of legal proceedings (Sec 28) Contract of insurance vs. wagering agreement Unit 4: Performance of Contract Obligation of parties to contracts (Sec 37) Effect of refusal of party to perform promise wholly (Sec 39) By whom a contract may be performed (Secs 40–42) Liability of joint promisors & promisees (Secs 43–44) Time for performance (Sec 55) Appropriation of payments (Secs 59–61) Contracts which need not be performed (Secs 62–67) → Focus on Sec 65 Discharge of a contract Unit 5: Breach of Contract & Remedies Suit for damages (Sec 73) Chapter 3: The Sale of Goods Act, 1930 Unit 1: Formation of the Contract of Sale Sale and agreement to sell - Section 4 Sale vs Hire Purchase PQ+ DQ 3 Goods perishing after agreement to sell but before sale (Sec. 8) Ascertainment Of Price (Section 9 & 10) Delivery Unit 3: Transfer of Ownership & Delivery of Goods Transfer of property in specific goods (Secs 20–22) Transfer of property in unascertained goods (Secs 18 & 23) Goods sent on approval / “on sale or return” (Sec 24) Sale for cash only or return Sale by mercantile agent (Proviso to Sec 27) Sale by person in possession under voidable contract (Sec 29) Buyer in possession before ownership passes (Sec 30(2)) Effect of part delivery (Sec 34) Delivery of wrong quantity (Sec 37) Deterioration during transit (Sec 40) Liability of buyer for neglecting/refusing delivery (Sec 44) Unit 4: Unpaid Seller Seller’s lien (Secs 47–49) Right of stoppage in transit (Secs 50–52) Lien vs. stoppage in transit Effects of sub-sale or pledge by buyer (Sec 53) Right of re-sale (Sec 54) Rights of unpaid seller against buyer (Rights in personam) (Secs 55–61) Remedies of buyer against seller Auction sale (Sec 64) Chapter 4: The Indian Partnership Act, 1932 Unit 1: General Nature of Partnership Definition of ‘Partnership’ (Sec 4) Elements of Partnership Mode of determining existence of partnership (Sec 6) Nominal Partner Partner by holding out / Partnership by estoppel (Sec 28) Unit 2: Relations of Partners Right to be heard & consulted [Sec 12(c)] Mutual rights and liabilities [Sec 13] Personal profits earned by partners [Sec 16] Property of the firm [Sec 14] Conditions for implied authority [Secs 19 & 22] Restrictions imposed by mutual agreement [Sec 20] Partner’s authority in an emergency [Sec 21] Notice to partner operates as notice to firm [Sec 24] Liability to third parties [Secs 25–27] Transfer of interest [Sec 29] Expulsion of a partner [Sec 33] Death of a partner [Sec 35] Minor admitted to benefits of partnership [Sec 30] Rights of outgoing partner [Secs 36–37] Revocation of continuing guarantee from date of change [Sec 38] 📝 Note for Students 👉 For all regular students – these topics are already covered in Wisdom Sessions + Wisdom Notes. 👉 For students who have not studied from me till now and are following only on YouTube, this is the most important topics list. ⚠️ But remember – don’t rely only on these topics. These are high-priority topics, but you must prepare the entire syllabus for the exam.

Chapter 2: The Indian Contract Act, 1872 Unit 1: Nature of Contracts Intention to create legal relation Difference between: • Void Contract vs. Voidable Contract • Void Agreement vs. Illegal Agreement • Collateral Agreement Offer – Definition & Rules Invitation to offer Acceptance & Rules Acceptance by performance (Sec 8) Communication of Offer & Acceptance (Secs 4 & 5) Unit 3: Other Essential Elements of a Contract Agreement with minor Free consent + Difference between free consent & coercion/undue influence/misrepresentation/fraud/mistake Agreements opposed to public policy: • Trafficking in public offices/titles • Monopolies • Interference with justice Consideration unlawful in part (Sec 24) Restraint of trade (Sec 27) Restraint of legal proceedings (Sec 28) Contract of insurance vs. wagering agreement Unit 4: Performance of Contract Obligation of parties to contracts (Sec 37) Effect of refusal of party to perform promise wholly (Sec 39) By whom a contract may be performed (Secs 40–42) Liability of joint promisors & promisees (Secs 43–44) Time for performance (Sec 55) Appropriation of payments (Secs 59–61) Contracts which need not be performed (Secs 62–67) → Focus on Sec 65 Discharge of a contract Unit 5: Breach of Contract & Remedies Suit for damages (Sec 73) Chapter 3: The Sale of Goods Act, 1930 Unit 3: Transfer of Ownership & Delivery of Goods Transfer of property in specific goods (Secs 20–22) Transfer of property in unascertained goods (Secs 18 & 23) Goods sent on approval / “on sale or return” (Sec 24) Sale for cash only or return Sale by mercantile agent (Proviso to Sec 27) Sale by person in possession under voidable contract (Sec 29) Buyer in possession before ownership passes (Sec 30(2)) Effect of part delivery (Sec 34) Delivery of wrong quantity (Sec 37) Deterioration during transit (Sec 40) Liability of buyer for neglecting/refusing delivery (Sec 44) Unit 4: Unpaid Seller Seller’s lien (Secs 47–49) Right of stoppage in transit (Secs 50–52) Lien vs. stoppage in transit Effects of sub-sale or pledge by buyer (Sec 53) Right of re-sale (Sec 54) Rights of unpaid seller against buyer (Rights in personam) (Secs 55–61) Remedies of buyer against seller Auction sale (Sec 64) Chapter 4: The Indian Partnership Act, 1932 Unit 1: General Nature of Partnership Definition of ‘Partnership’ (Sec 4) Elements of Partnership Mode of determining existence of partnership (Sec 6) Nominal Partner Partner by holding out / Partnership by estoppel (Sec 28) Unit 2: Relations of Partners Right to be heard & consulted [Sec 12(c)] Mutual rights and liabilities [Sec 13] Personal profits earned by partners [Sec 16] Property of the firm [Sec 14] Conditions for implied authority [Secs 19 & 22] Restrictions imposed by mutual agreement [Sec 20] Partner’s authority in an emergency [Sec 21] Notice to partner operates as notice to firm [Sec 24] Liability to third parties [Secs 25–27] Transfer of interest [Sec 29] Expulsion of a partner [Sec 33] Death of a partner [Sec 35] Minor admitted to benefits of partnership [Sec 30] Rights of outgoing partner [Secs 36–37] Revocation of continuing guarantee from date of change [Sec 38] 📝 Note for Students 👉 For all regular students – these topics are already covered in Wisdom Sessions + Wisdom Notes. 👉 For students who have not studied from me till now and are following only on YouTube, this is the most important topics list. ⚠️ But remember – don’t rely only on these topics. These are high-priority topics, but you must prepare the entire syllabus for the exam.

https://www.youtube.com/live/VtJ1Y2-Yfz4?si=IQDZANhLATjbbr7U PARTNERSHIP ACT 1932 | COMPANIES ACT 2013 |CA FOUNDATION | REVISION | QUESTIONS | WISDOM SESSION |🔥🔥🔥 Join Live AT 7 PM📍⏰