Question
What is the effect of promisee accepting the
performance from third person as per the Contract Act?Solution
Section 41. Effect of accepting performance from third person: When a promisee accepts performance of the promise from a third person, he cannot afterwards enforce it against the promisor.
A person invest some amount in a business into 2 parts. If he invest 1st part at 8% for 3 years and 2nd part invest at 7(1/2)% p.a. for 4 years. Total S...
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What is the simple interest on a sum of Rs. 10,000 at a rate of 5% per annum for 3 years.
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A sum of Rs.100 is lent to be returned in 110 months installments of Rs.10 each, interest simple. The rate of interest is: -
