How to Prepare for Mercantile Law for CA CPT:

In CPT Mercantile Law, conceptual clarity is important. So reading and understanding the theoretical content is more important than practicing MCQs. For students coming from any background whether commerce or not, this is the most scoring subject of all. The chances of getting difficult question paper in this subject are very less. But, you may get MCQs based on Practical Questions which will be time consuming to read.  If the Accounts subject is easy then the chances of getting difficult or lengthy questions in Mercantile Law will be more. In such a case, be more careful while answering MCQs in this subject. This subject does not require in-depth knowledge but, a good concept-based knowledge is enough. You need not have in depth analysis of MCQs in this subject as you may get confused. Don't think too much while answering Mercantile Law questions as chances of questions being twisted are very less.

Mercantile Law for CA CPT

Includes 41 docs, 7 videos & 44 tests

Some tips to guide you with the preparation of Mercantile law for CA CPT are given here:

1. Know what to study:

After analysing the syllabus and pattern of Mercantile Law for CA CPT Exam, you need to prioritise the topics and understand them. You must know the syllabus very well before starting the preparation. Don’t prepare this subject like any other theory subject. Just mugging the MCQs or theory content will not serve the purpose. Analytical thinking is very important in this subject. You should be updated with the recent areas related to Mercantile law especially Indian Partnership Act. Partnership Act has got amended due to changes in Company Law. Case Laws and Examples will help you to get enough command over the subject. It is advisable to remember only the basic section numbers, case studies, author names and definitions.

2. Set a Schedule and Write notes:

A schedule needs to be prepared for every subject's preparation as it will act as a motivational factor if followed strictly. Make a personal study schedule with an orderly, systematic approach as is not only beneficial but also critical in an examination like CA CPT. Divide your time between various topics according to the syllabus of Mercantile law for CA CPT and keep studying accordingly and you'll see the results.

Mercantile Law should be revised regularly so that one can recall the studied topic in the exam. One should try to make synopsis, while reading the book. So that while revising one need not to read the whole book, just synopsis will be sufficient.

3. Start with the Basics:

Building your basics in Mercantile Law for CA CPT or any other subject is really important as without the basis concepts, you cannot understand the higher level concepts. For the subject like Mercantile Law, as most of the questions are theory based, basic conceptual knowledge need to be quite strong. Only then, you will be able to attempt the respective questions with ease. When the concepts are clear, it becomes easy to understand the advanced level concepts. So, build a strong base and you will be able to achieve a good score in the exam.

4. Revise to Retain:

It is really beneficial to revise the whole syllabus (just the main and important topics) before the final exam. Always remember, revision is the key to success! A good amount of time should be dedicated to revision in your preparation schedule.

It is very difficult to score in those areas which you have not revised even if you have read it two-three times. Revision increases your ability to retain the concepts in your mind.

5. Evaluation -  A must!

Test your learning by attempting as many tests as possible. Evaluate yourself at every step of learning. The more you practice, the better will be your performance. Do attempt Previous Years Question Papers to know the pattern of the final exam and be familiar with the type of questions asked. This way you'll know how to manage time and also, know your weak points and strengths. Work on your weak areas and you will see improvement with every test you take.

Mercantile Law practice tests

• Nature Of Contracts - Indian Contract Act, Mercantile Law, Test
• Formation Of Contract Of Sale - Sale Of Goods Act, Mercantile Law, Test
• General Nature Of A Partnership - Indian Partnerships Act, Mercantile Law Test
• Additional Question Bank Of Mercantile Law MCQ Test

CA CPT Mock Tests and Previous Year papers

CA CPT - Mock Test Series and Previous Year Question Papers

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Syllabus for Mercantile Law for CA CPT:

The Indian Contract Act, 1872:

• An overview of Sections 1 to 75 covering the general nature of contract, consideration, and other essential elements of a valid contract,
• Performance of contract
• Breach of contract.

The Sale of Goods Act, 1930:

• Formation of the contract of sale
• Conditions and Warranties
• Transfer of ownership and delivery of goods
• Unpaid seller and his rights

The India Partnership Act, 1932:

• General Nature of Partnership
• Rights and duties of partners
• Registration and dissolution of a firm

Recommended Books for Mercantile Law for CA CPT:

• S Chand Mercantile Laws for CA CPT by P P S GOGNA
• Tata Mcgraw Hill Mercantile Laws for CA CPT by P C Tulsian
• Bharat Mercantile Law By T Padma K P C Rao

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