Description
Taxmann Fundamentals of Business Laws and Business Communication (FBLC, Law), CRACKER by Leena Lalit Parakh
This book caters specifically to the requirements of the Foundation Level Cost & Management Accountancy Examination, offering a thorough collection of past exam questions with detailed answers, all aligned with the latest ICMAI syllabus.
The Present Publication is the 2nd Edition for the CMA Foundation | June/Dec. 2025 Exams. This book is authored by CA. Leena Lalit Parakh, with the following noteworthy features:
[Aligned with the Latest ICMAI Syllabus] Complete adherence to the current curriculum
[Comprehensive Content]
Fully Solved Past Examination Questions till Dec. 2024
Tabular summaries at the start of each chapter
800+ MCQs
Practice questions at the end of every chapter for in-depth preparation.
Descriptive past exam questions transformed into MCQs, reflecting the latest exam pattern
[Detailed & Structured Answers] Designed to enhance conceptual clarity and support exam-focused study
[Point-wise Presentation] Facilitates quick recall and efficient revision
[Marks Distribution Analysis] Provides module-wise marks analysis from December 2022 onwards
[Comparison with ICMAI's Study Material] is provided module-wise
The contents of this book are as follows:
Fundamentals of Business Laws
Introduction
Sources of Law
Legislative Process in India
Legal Methods and Court System in India
Primary and Subordinate Legislation
Indian Contract Act, 1872
Essential Elements of Contact, Types of Contract & Offer and Acceptance
Void and Voidable Agreements
Consideration, No Consideration, No Contract and Legality of Object
Capacity of Parties and Free Consent
Quasi Contract and Contingent Contract
Performance of Contract
Meaning of Indemnity, Pledge, Guarantee and Agency
E-Contracts and E-Signatures – Meaning and Requirements
Discharge of Contracts
Breach of Contracts and Remedies for Breach of Contracts
Sale of Goods Act, 1930
Definition
Transfer of Ownership
Essential Conditions of a Contract
Conditions and Warranties
Performance of Contract of Sale
Rights of Unpaid Seller
Negotiable Instruments Act, 1881
Characteristics of Negotiable Instruments
Definitions of Promissory Note, Cheque and Bill of Exchange
Difference Between Promissory Note, Bill of Exchange and Cheque
Crossing – Meaning, Definition and Types of Crossing
Dishonour of Cheques (Section 138)
Business Communication
Business Communication
Introduction to Business Communication
Features of Effective Business Communication
Process of Communication
Types of Business Communication
Internet-Based Business Communication
Do's and Don'ts of Communication Through Social Media
Writing and Drafting for Business Audiences
Intercultural and International Business Communication
Barriers of Communication
Legal Aspects of Business Communication
Use of Graphics and References for Business Communication