Question
A bill of exchange was accepted by the drawee and later
discounted by drawer with bank. On maturity, the drawee defaulted. Who is liable?Solution
Bank will recover from drawer if drawee defaults. Drawer’s contingent liability becomes actual.
When did the word food security came into exist?
What does "enterprise" include?
Consider the following statements regarding violations and penalties under the Companies Act, 2013:
Statement 1: Violation of director duties ...
On whom burden of proof lies?
What is the limitation for filing suit for recovery of money?
An agreement enforceable at law is a_______________________
Which of the following sections of the Act, waives the proof of judicial admissions_____.
What is the maximum time frame within which a suit filed under the provisions of this Act must be disposed of by the court as per the Specific Relief Act?
What does "control" refer to in the context of business management or strategic decisions as per section 5 of the Competition Act?
A negotiable instrument means_________________
