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Section 87 of Negotiable Instrument Act- Effect of material alteration.—Any material alteration of a negotiable instrument renders the same void as against anyone who is a party thereto at the time of making such alteration and does not consent thereto, unless it was made in order to carry out the common intention of the original parties; Alteration by indorsee.—And any such alteration, if made by an indorsee, discharges his indorser from all liability to him in respect of the consideration thereof.
Two persons A and B start a business with investment of Rs 12000 and Rs 14000 respectively. After 4 months C also joined them with certain investment. T...
A and B started a business together by investing Rs. 10,800 and Rs. 6,300, respectively. They maintained their investments for periods in the ratio of 7...
'A' and 'B' invested (x + 40) and (x - 80) rupees, respectively, in a business. After one year, they made additional investments of Rs. 520 and Rs. 120,...
X, Y and Z started a business by investing Rs. 'p', Rs. 'p + 2000' and Rs. '4p', respectively. 8 months later, both X and Z withdrew their respective in...
A, B and C started a online education website by investing Rs.28,000, Rs.36,000 and Rs.40,000 respectively. Find the share of A’s, out of an annual pr...
A and B started a business by investing Rs. 12,000 and Rs. 18,000 respectively. A also worked as the active manager and for that he is entitled to recei...
‘A’, ‘B’ and ‘C’ entered into a partnership by making investments in the ratio 5:6:9, respectively. At end of the year, if the difference be...
A and B enter into a partnership with their initial sum of Rs.28000 and Rs.40000 respectively. After 8 months, a third person C also joins them with his...
Mayank invested Rs. 100,000 in the garment business. After a few months, Shanu joined him with Rs. 60000. At the end of the year, the total profit was d...
Three partners, 'A', 'B', and 'C', invested in a business with contributions of Rs. 24,000, Rs. 15,000, and Rs. 18,000, respectively. They committed the...