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Paper 6 – Laws and Ethics

Answer to MTP_ Intermediate _Syllabus 2016_Dec 2017_Set 2. Paper 6 Laws and Ethics Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1. Answer to MTP_ Intermediate _Syllabus 2016_Dec 2017_Set 2. Paper 6- Laws and Ethics Full Marks: 100 Time allowed: 3 hours Section A. 1. Answer all questions. [25 marks]. (a) Multiple Choice Questions [10 Marks]. (i) In case of contractual obligations where the promisor dies before performance: (a) The legal representatives of the promisor must perform the promise (b) The legal representatives of the promisor must perform the promise provided it is not one dependent on the personal qualifications of the promisor (c) The legal representatives may not perform the promise (d) The legal representatives are not liable to pay damages for non- performance of the promise. (ii) An anticipatory repudiation has the effect of: (a) An automatic putting an end to the contract (b) Putting an end to the contract only on acceptance of the repudiation by the other party (c) Putting an end to the contract only on failure to perform when performance is due.

Answer to MTP_ Intermediate _Syllabus 2016_Dec 2017_Set 2 Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 6

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