Question
Ashutosh is a horse dealer. Tausif approaches Ashutosh for a horse. Ashutosh lends a horse which he knows to be vicious, to Tausif. Ashutosh doesn't disclose the fact of the horse being vicious to Tausif. The horse runs away. Tausif is thrown and is injured. Under which Section of Bailment & Pledge. Is Ashutosh responsible to Tausif for damage sustained?
More Accounts Questions
- A firm has increasing profits but declining cash flows. The management claims business is doing well. What should an analyst examine to validate the claim?
- For a given product, the sales of a company @ ₹ 200 per unit is ₹ 20,00,000. Variable cost is ₹ 12,00,000 and fixed cost is ₹ 6,00,000. The capacity of the...
- A firm reports: • Net sales: ₹500 lakh • Gross profit: ₹125 lakh • Operating expenses: ₹50 lakh • Interest: ₹15 lakh • Tax: ₹20 lakh • Total assets: ...
- Customer acquisition costs (agent commissions) for one-year policies are paid upfront. Can they be capitalized as intangible assets?
- The insurer leases 15 branch premises (3–5 years) with renewal options it is reasonably certain to exercise. Rent has fixed and variable (sales-linked) com...
- According to RBI’s KYC Directions, which account type can have relaxed identification requirements under specific circumstances?
- Company Y acquires 80% of Z for consideration ₹4,00,000. Fair value of identifiable net assets of Z = ₹3,50,000. Calculate goodwill on consolidation.
- Which of the following items does NOT appear under 'Current Assets' in a Balance Sheet?
- If the exchange rate between the Indian Rupee and the Japanese Yen is ₹1 = 1.44 ¥, then 1,000 ¥ equals ₹____.
- When is an agreement voidable at the option of the party under the Indian Contract Act, 1872?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
