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Sample CPA Thailand — Paper: Law 1 Practice Questions

Try these sample questions to review concepts for the CPA Thailand — Paper: Law 1 exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 56+ question experience with AI tutoring.

1Under Thailand's Civil and Commercial Code (ประมวลกฎหมายแพ่งและพาณิชย์), what liability do partners in an unregistered ordinary partnership have for obligations incurred in the ordinary course of partnership business?
A.All partners are jointly and unlimitedly liable for all partnership obligations without limitation of amount.
B.Each partner's liability is strictly capped in proportion to their contributed capital percentage.
C.Managing partners bear unlimited liability, whereas non-managing partners bear zero liability to third parties.
D.Liability arises only after the partnership has been registered as a juristic person with the Department of Business Development.
Explanation: Under Section 1025 and Section 1050 of the Thai Civil and Commercial Code, an ordinary partnership is one in which all partners are jointly and unlimitedly liable for all obligations of the partnership. Because the partnership is unregistered, it lacks separate juristic personality, meaning third-party creditors can pursue any partner's personal assets directly for the entirety of partnership debts.
2If the partnership contract of an ordinary partnership (ห้างหุ้นส่วนสามัญ) does not specify who shall manage the partnership business, how is management authority allocated among the partners under Section 1033 of the Civil and Commercial Code?
A.Only the partner who contributed the largest financial capital has sole management authority.
B.Every partner is entitled to manage the partnership business, but any partner may veto an act before it is concluded.
C.The partnership cannot conduct business until a managing partner is appointed by court order.
D.Management decisions must be made by unanimous written consent of all partners prior to every single transaction.
Explanation: Under Section 1033 of the Civil and Commercial Code, if no managing partner is designated in the contract, every partner is entitled to manage the partnership's affairs. However, any partner has the right to object to or veto any act intended to be done by another partner before that act is completed.
3A registered ordinary partnership defaults. A partner sued for its debt proves that partnership assets can satisfy the debt and enforcement against them is not difficult. Under CCC Sections 1070–1071, what may the court do?
A.Order satisfaction from partnership assets first, while the partner remains liable under the applicable rules
B.Dismiss the claim permanently because registration gives every partner limited liability
C.Require the creditor to obtain consent from every partner before enforcing the debt
D.Limit recovery from this partner to the percentage of capital that the partner contributed
Explanation: Section 1070 permits a creditor to demand payment from a partner when the registered partnership defaults. Under Section 1071, if the partner proves sufficient partnership assets and that enforcement against them is not difficult, the court may order those assets used first. This procedural protection does not convert unlimited partner liability into limited liability.
4Somchai retired as a partner from a registered ordinary partnership, and his retirement was officially registered with the Department of Business Development (DBD). Under Section 1068 of the Civil and Commercial Code, what is the limitation period for Somchai's ongoing liability for partnership debts incurred prior to his retirement?
A.His liability continues indefinitely until the underlying ten-year general statute of limitations expires.
B.He remains liable for pre-retirement obligations, with that liability limited to two years after retirement, subject to the rules protecting third parties regarding registration.
C.His liability terminates immediately upon the date he tenders his written resignation letter to the other partners.
D.His liability is limited to 6 months from the date of publishing a notice in a local daily newspaper.
Explanation: Section 1068 limits a retired registered-ordinary-partnership partner's liability for debts incurred before retirement to two years after leaving the partnership. Registration and the rules protecting third parties must also be observed; the question states that the departure was registered. Retirement does not immediately erase liability for earlier obligations or make the partner liable for every new debt for two more years.
5Anupong agrees to join an existing ordinary partnership as a new general partner. Under Section 1052 of the Civil and Commercial Code, what is Anupong's legal liability regarding debts incurred by the partnership prior to his admission?
A.He is liable only for debts incurred after his official date of entry into the partnership.
B.He is liable for all partnership debts, including obligations incurred before he became a partner.
C.He is liable for past debts only up to 50% of his promised capital contribution.
D.He can never be held liable for prior debts unless he executes a separate bank guarantee.
Explanation: Under Section 1052 of the Civil and Commercial Code, a person who becomes a partner in an ordinary partnership becomes liable for all obligations incurred by the partnership, even those incurred before the date of becoming a partner. This strict rule protects third-party creditors who rely on the collective credit of the firm.
6Unless there is an express agreement to the contrary among all partners in the partnership agreement, what is the legal effect on an ordinary partnership when one of its partners dies or becomes bankrupt?
A.The partnership is automatically dissolved by operation of law under Section 1055(5) of the Civil and Commercial Code.
B.The deceased or bankrupt partner's heirs automatically become full general managing partners without existing partner consent.
C.The partnership converts automatically into a private limited company within 30 days.
D.The partnership continues uninterrupted with the surviving partners absorbing the deceased partner's share at book value.
Explanation: The default rule in Section 1055(5) dissolves an ordinary partnership when a partner dies, becomes bankrupt or becomes incapacitated. An applicable continuation agreement can change that default. Death does not automatically admit the heirs as managing partners.
7What primary legal effect distinguishes a registered ordinary partnership (ห้างหุ้นส่วนสามัญจดทะเบียน) from an unregistered ordinary partnership under Section 1064 of the Civil and Commercial Code?
A.A registered ordinary partnership becomes a juristic person distinct and separate from the individual partners composing it.
B.Partners in a registered ordinary partnership enjoy full limited liability similar to shareholders in a limited company.
C.A registered ordinary partnership is completely exempt from appointing a bookkeeper under the Accounting Act.
D.The registered ordinary partnership is strictly prohibited from holding commercial real estate or leasing property.
Explanation: Section 1064 permits registration of an ordinary partnership; Section 1015 gives a registered partnership separate juristic personality. Registration does not convert the general partners' liability into limited liability. The registered entity can hold rights and obligations in its own name.
8Under Section 1083 of the Civil and Commercial Code, what form of contribution is legally prohibited from being made by a limited liability partner (ผู้เป็นหุ้นส่วนจำพวกจำกัดความรับผิด) in a limited partnership (ห้างหุ้นส่วนจำกัด)?
A.Cash contribution in Thai Baht.
B.Machinery, commercial equipment, or registered real estate.
C.A promise to contribute personal labor or professional services rather than money or property.
D.Negotiable promissory notes and government treasury bonds.
Explanation: Section 1083 requires a limited partner's contribution to be money or other property. A contribution consisting of labor or services is not permitted for that partner class. Property is not restricted to tangible assets, as the eligible financial-property examples illustrate.
9Vichai is a limited liability partner in a Thai limited partnership. Vichai actively enters into supply contracts and negotiates loan agreements on behalf of the partnership. Under Section 1088 of the Civil and Commercial Code, what is the consequence of Vichai's actions?
A.Vichai's actions are completely null and void, but his limited liability status remains unaffected.
B.Vichai becomes jointly and unlimitedly liable for all obligations of the partnership to third parties.
C.The limited partnership is immediately liquidated by mandatory order of the Department of Business Development.
D.Vichai is fined THB 5,000 by the DBD but retains limited liability protection against third-party debts.
Explanation: Section 1088 makes a limited partner who interferes in management jointly and unlimitedly liable for the partnership's obligations. Entering supply contracts and negotiating loans on its behalf are management activities. Merely giving advice or voting on appointment or removal of managers under the partnership agreement does not itself constitute management interference.
10A limited partnership's capital has been depleted by losses and has not been restored. Under Section 1084 of the Civil and Commercial Code, may it distribute dividends or interest to limited partners?
A.Yes, whenever it has sufficient cash, regardless of the capital deficit.
B.No; the capital deficit must first be made good.
C.Yes, if the distribution is below the Bank of Thailand policy rate.
D.Yes, if all limited partners agree to waive the capital-maintenance rule.
Explanation: Section 1084 permits distributions to limited partners only out of profits. When losses have diminished capital, dividends or interest cannot be distributed until that deficit is made good. Available cash and partner agreement do not replace this capital-maintenance condition.

About the CPA Thailand — Paper: Law 1 Exam

Independent practice by OpenExamPrep for CPA Thailand — Paper: Law 1. This is an independent English-language MCQ study adaptation, not an official translation, format simulation or substitute for handwritten cases and mandatory practical training. This 56-item bank offers selected practice in partnership and company law, public companies, accounting legislation, securities regulation and foreign-business law; it does not claim exhaustive coverage of the official scope.

Exam sponsor: สภาวิชาชีพบัญชี ในพระบรมราชูปถัมภ์ — Federation of Accounting Professions under Royal Patronage (TFAC). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

TFAC's paper-based four-hour sitting combines objective answer sheets and handwritten subjective solutions. Answers are in Thai, with English technical terms permitted. The sitting notice specifies no separate oral examination or coursework assignment; supervised audit training is a separate licensing requirement.

Time Limit

Four hours (240 minutes).

Passing Score

At least 60% for this subject; each passed subject may be retained for up to seven years under the current amendment.

Exam / Certification Fees

THB 1,000 per subject.

Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Official sources

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

22 of 56 practice items; not an official exam weight

Civil and Commercial Code

Partnership liability, company formation, shares, meetings and distributions.

11 of 56 practice items; not an official exam weight

Public limited companies

Public-company capital, meetings, directors, reserve calculations and auditor appointment.

11 of 56 practice items; not an official exam weight

Accounting legislation

Accounting duties, closing and submission, record location and loss, inspection and current bookkeeper conditions.

8 of 56 practice items; not an official exam weight

Securities regulation

Offering disclosure, governance, market conduct and signing-partner rotation.

4 of 56 practice items; not an official exam weight

Foreign-business law

Foreign status, licensing authority and ordinary minimum-capital rules.

Preparing for the CPA Thailand — Paper: Law 1 Exam

What You Need to Know

  • Passing score: At least 60% for this subject; each passed subject may be retained for up to seven years under the current amendment.
  • Assessment: TFAC's paper-based four-hour sitting combines objective answer sheets and handwritten subjective solutions. Answers are in Thai, with English technical terms permitted. The sitting notice specifies no separate oral examination or coursework assignment; supervised audit training is a separate licensing requirement.
  • Time limit: Four hours (240 minutes).
  • Exam / certification fees: THB 1,000 per subject. Official sources

Using Our Practice Resources

  • Work through all 56 available questions
  • Review every answer and explanation
  • Track weak areas and revisit them
  • Use our AI tutor for tough concepts

CPA Thailand — Paper: Law 1: Suggested Study Strategy

1Separate private-company rules from public-company and listed-company requirements.
2Check the current DBD bookkeeper rules, including the 2026 ethics hour and transitional conditions.
3For written cases, identify the relevant statute and explain how each stated fact affects the result.

Frequently Asked Questions

Does this bank reproduce the official assessment?

This is an independent English-language MCQ study adaptation, not an official translation, format simulation or substitute for handwritten cases and mandatory practical training. The official assessment uses Thai paper objective answers and handwritten subjective solutions. English technical terms are permitted, which does not make the assessment English-language.

What training and result-retention conditions apply?

Recognized accounting education and approved training conditions apply. Auditing 1 and 2 require at least one year and 1,000 training hours before entry; final licensing ordinarily requires at least three years and 3,000 hours plus the other statutory conditions. Each passed subject can be retained for up to seven years under the current amendment; this is not a promise that passing the first subject starts one fixed deadline for all results.

Is Law 1 the combined Revenue Code and Civil Code paper?

No. TFAC separately assesses กฎหมายที่เกี่ยวข้องกับการประกอบวิชาชีพสอบบัญชี 1 and 2. Law 1 concerns business and related legislation; the Revenue Code and Accounting Professions Act are in Law 2. The combined title in the original candidate suggestion was inaccurate.