Business Laws and Business Correspondence and Reporting - May 2018

X, Y and Z are partners in a firm. They jointly promised to pay Rs. 3,00,000 to D. Y become insolvent and his private assets are sufficient to pay 1/5 of his share of debts. X is compelled to pay the whole amount to D. Examining the provisions of the Indian Contract Act, 1872, decide the extent to which X can recover the amount from Z. (4 Marks) MKHZ (2) (b) Ravi Private Limited has borrowed Rs. 5 crores from…

2. (a) “fear ufttsct a sea oad eta 8” an & sae garsal (5) (>) wifia ara aatent afttan, 2008, & ata una 4 dita ata aetadt & Pato og sages aa aa a 8? (5) © @ Amsaginwdast seat oma (2) Gi) arorated sta AeA fh Refeaa ne aes 8 a rae: “saaeh SecA Tar Hl ag ster Pate aitariars & area & fed setae Ste V1”

8. (a) WiBah& famen ea at 3s en Ht ora AA @) (>) erstard me aor usher a tars a ee wera Sa B? fercreaaT Pah (4) © M fates 3 ena fates at fifeaa aia 11.50 cre F 30.6.2017 am Aa aes SA aT age fea) after secre are, M fefies vets an Pater set a urs dem wie fertes at Qysh Ae eS Wg! anfa feties 3 fet ora Rata & 12.75 are 4 aia wa All get…

Pret D7 feet E al Ho Are 5,00,000 waa F 15 fea At see ae ST freee D A ret Hh aah at rar aa ehh we fleet Ea gee Ya @ a ae Ran ag few aE, 1930, % aRfra fret it feta cen sa aa asa | (6) (bo) Gre eahs cert At afore ae cen saat aera aeaeh WA SAGA PAT TS ATT 8 BH STA A amare eet sera Prot peat A afta fee At sr…