Question
If a person makes non-natural use of his land by
collecting there something which is likely to do mischief by escape, he will be liable if the thing so collected escapes and causes damage, which rule is discussed here?Solution
This principle has been discussed in developed in the case of Reylands Vs. Fletcher 1868. In Strict Liability, the point of contention is the ‘non-natural’ use of one’s land in using or handling an object/thing whereas in Absolute liability it can also be natural use of land.
Aman, Bhanu, and Chikku jointly initiated a business with a total investment of Rs. 80,000, of which Aman invested Rs. 24,000. After 6 months, Aman adde...
N initiates a business, and after 3 months, D also becomes a part of the business. The initial investment of N and D is in the ratio of 3:2, respectivel...
Arjun and Neha started a firm with investments of Rs.12000 and Rs.9000 respectively. Arjun invested for 8 months more than Neha. If the profit share of...
A and B together start a business with investment of Rs. 2500 and Rs. (x + 500), respectively. If the profit earned after 5 years is Rs. 8000 and share ...
‘A’ and ‘B’ started a business by investing certain sum in the ratio 6:5, respectively for 6 years. If 12% of the total profit is donated in an ...
Deepa, Eshan and Farah invest Rs. x, Rs. (x + 3000) and Rs. 5x, respectively. After 9 months, Deepa and Farah withdraw their money. If the annual profit...
Deepak, Mohit, and Sneha started a business with initial investments in the ratio 3:4:6 respectively. After one year, Sneha, Deepak, and Mohit made addi...
A, B and C enter into a partnership with a capital in which A’s contribution is Rs. 16,000. If out of a total profit of Rs. 1500, A gets Rs. 500 a...
'A' initiated a venture with an initial investment of Rs. 4000. Ten months into the business, 'B' contributed Rs. 6000, and simultaneously, 'A' added an...
In a business, two partners, B and A, made investments in the ratio of 15:16. After 5 months, P joined with an investment of Rs. ...