Question
Which of the following can be done under Section 117 of
Indian Evidence Act?Solution
Option a and b are provided as explanations to Section 117 of Evidence Act Section 117 is Estoppel of acceptor of bill of exchange, bailee or licensee. –– No acceptor of a bill of exchange shall be permitted to deny that the drawer had authority to draw such bill or to endorse it; nor shall any bailee or licensee be permitted to deny that his bailor or licensor had, at the time when the bailment or licence commenced, authority to make such bailment or grant such licence
Raman paid Rs.9,600 in interest on a loan she obtained 5 years ago with a simple interest rate of 16%. What was the amount of the loan she had taken?
At what rate percent per annum will Rs. 75,000 yields a compound interest of Rs. 6,120 in 6 months if the interest is being compounded quarterly? Calcul...
Rs. 6250 is placed in plan X earning 28% simple interest per annum for 3 years. Half of the maturity amount from plan X is then reinvested in plan Y at ...
A sum of money is invested at a simple interest rate of 'R%' per annum. Over 2 years, it grows to ₹7,440, and over 5 years, it increases to ₹9,600. ...
Rs. P invested at R% p.a. gives simple interest and compound interest (compounded annually) of Rs. 640 and Rs. 665.60 respectively at the end of 2 years...
If the compound interest on a certain sum of money for two years at 9% p.a. is ₹3,762, then the sum is:
A certain sum at certain rate % per annum simple interest becomes Rs 6300 in 2 years and Rs 6750 in 5 years. The principal and rate of interest are - ...
A sum of money gets double in 5 years , in how many years it will be 8 times in CI?
Anil initiated his financial journey by investing Rs. 7500 in a Contra fund, which offered a simple interest rate of 18% per annum for a duration of 2 y...
Anuj invested Rs. ‘x’ at simple interest of 15% p.a. and Anil invested Rs. (x + 500) at simple interest of 10% p.a. If at the end of 2nd year, sum o...