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Start learning 50% faster. Sign in nowSection 126. "Contract of guarantee", "surety", "principal debtor" and "creditor"- A "contract of guarantee" is a contract to perform the promise, or discharge the liability, of a third person in case of his default. The person who gives the guarantee is called the "surety"; the person in respect of whose default the guarantee is given is called the "principal debtor", and the person to whom the guarantee is given is called the "creditor". A guarantee may be either oral or written
FIFP is the new online single point interface of the Government of India for investors to facilitate Foreign Direct Investment, what is the full form of...
Calculate the total liability if:
Owner’s capital at the beginning is ₹60,000.
Creditors at the end is ₹50,000.
Revenue durin...
In the domain of mutual funds, what is the main objective of a Systematic Investment Plan (SIP)?
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A large company wants to estimate the average salary of its employees. Instead of surveying all employees, the HR department randomly selects 200 employ...
Which of the following is an online transparent, competitive bidding system to ensure farmers get remunerative prices for their produce?
During the financial year 2023-24, A had cash sales of ₹3,90,000 and credit sales of ₹1,60,000. His expenses for the year were ₹2,70,000, out of w...
A firm raises Rs.10,00,000 by issuing common equity. Which of the following financial statements will reflect the transactions?
Which of the following behaviors is NOT typically associated with transformational leadership?