Question
What is the entitlement of a person who supplies
necessaries to someone incapable of entering into a contract or someone legally bound to support them under the Contract Act?Solution
Section 68. Claim for necessaries supplied to person incapable of contracting, or on his account—If a person, incapable of entering into a contract, or any one whom he is legally bound to support, is supplied by another person with necessaries suited to his condition in life, the person who has furnished such supplies is entitled to be reimbursed from the property of such incapable person.
Which of the following statements is incorrect about the capital receipts?
What financial situation does an entity face if it is described as having negative working capital?
Which of the following is not true about NBFCs?
In a repurchase agreement, the percentage difference between the repurchase price and amount borrowed is equal to:
The government of a developing country is facing a high fiscal deficit due to increased spending on social welfare programs and infrastructure projects....
What was the revised economic growth forecast for India by the World Bank for FY 2024-25?
What is the quorum required for a Board of Directors meeting according to Companies Act, 2013?
_______ refers to the information collected by an auditor to ascertain the accuracy and compliance of a company's financial statements.
Which of the following category of assets would be a NPA account?
What does ‘R’ in CRILC stand for?
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