Taxmann Cracker - Fundamentals of Business Laws and Business Communication Book for CMA Foundation 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 2^nd 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