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A buys an article thinking that it is worth 100 when in fact it is worth only 50. There has been no misrepresentation on the part of the seller. The contract is unenforceable.

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The CMA Foundation exam syllabus includes the following topics under the Fundamentals of Business Laws and Business Communication (FBLC) paper:
Indian Contract Act, 1872
Sale of Goods Act, 1930
Negotiable Instruments Act, 1881

Section A: Introduction, sources of law, legislative process in India, legal methods and court system in India 
 


A buys an article thinking that it is worth 100 when in fact it is worth only 50. There has been no misrepresentation on the part of the seller. The contract is unenforceable.






 
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