Question
A Bailor as per the Contract Act is a
person______________Solution
Section 148: ldquo; Bailmentrdquo; bailorrdquo; and ldquo;baileerdquo; definedmdash;A ldquo;bailmentrdquo; is the delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the directions of the person delivering them. The person delivering the goods is called the ldquo;bailorrdquo;. The person to whom they are delivered is called, the ldquo;baileerdquo;.
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What does the concept of "Drawing Power" refer to in a Cash Credit facility?
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In the context of Cash Credit (CC) facilities, what does the term 'Drawing Power' refer to?
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