The CA Hub

CAF-4 · Chapter 3 · Question 9 of 15

Muneeb, a minor, purchased a laptop on credit for his university studies. He has no other means of completing his assignments. Is the laptop considered a 'necessary'?

Test yourself: pick an answer

Reveal answer & explanation

Correct answer: B) Yes, if it is considered essential for his education and suited to his condition in life.

Explanation

Necessaries are not just food and clothes; they include things required for a person's education or professional training depending on their social status and actual needs.

All 15 questions in Chapter 3Capacity of parties MCQs with answers

More Capacity of parties MCQs

Sponsored slot availableRun a CA academy or hiring firm? Put your name in front of students preparing for this exam.Advertise →