Question
The good faith of a sale by a client to an attorney is
in question in a suit brought by the client. The burden of proving the good faith of the transaction is onSolution
Section 111 of the Evidence Act Proof of good faith in transactions where one party is in relation of active confidence. –– Where there is a question as to the good faith of a transaction between parties, one of whom stands to the other in a position of active confidence, the burden of proving the good faith of the transaction is on the party who is in a position of active confidence. Illustrations (a) The good faith of a sale by a client to an attorney is in question in a suit brought by the client. The burden of proving the good faith of the transaction is on the attorney. (b) The good faith of a sale by a son just come of age to a father is in question in a suit brought by the son. The burden of proving the good faith of the transaction is on the father.
A company’s warehouse was damaged by fire after the balance sheet date but before the approval of accounts. Under Ind AS 10, this is:
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Which of the following is a classification of cost based on behaviour?
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 Agent should not deal on his own account without first obtaining the consent of the principal, otherwise the principal may—
GK Ltd. forfeited 500 shares of Rs. 10 each, fully called up, and held by Mr. Rakesh for non-payment of allotment money of Rs. 4 per share and first and...