Business Laws and Business Correspondence and Reporting - December 2023

(a) Towes G, the following debts as per the table given below : Amount of the Debt Position of Debt (in 2) 5,000 Time barred on 01* July, 2023 as per the provisions of the Limitation Act, 1963 3,000 Time barred on 01%t July, 2023 as per the provisions of the Limitation Act, 1963 12,500 Due on 1* April, 2022 10,000 Due on 15» July, 2023 7,500 Due on 25 November, 2023 THF-H (2) THF-H Marks G makes payment on…

3. (a) Discuss the rule regarding a partner's implied authority to bind the firm for his acts. Also, explain the situations when the partner has no implied authority to bind the firm: 6 (b) (i) A mobile phone was displayed in a shop with a price tag of = 10,000 attached to the mobile display box. As the price displayed was very less as compared. to M.R.P. of the mobile phone, Y, a customer rushed to the cash counter and…

4. (a) Can an unpaid seller who has possession of goods exercise the Right of lien? If yes, mention such circumstances. When does he lose his right of lien as per the provisions of the Sale of Goods Act, of 1930? 6 (b) State giving reasons whether the following are partnerships as per the provisions under the Indian Partnership Act, 1932: (i) X, Y, and Z agree to divide the profits equally, but the loss, if any, is to be…

6. (a) “Mere silence does not amount to fraud.” Explain the statement as per a the provisions contained in the Indian Contract Act, 1872. (b) State the.rules that should be observed by the accounts of the firm after dissolution under ¢! 1932? partners in settling the he Indian Partnership Act, (c) MTK Private Limited is a company re; gistered under the Companies Act, 2013 on 5th January, 2 021. The company has not started its business till now. On 7…

(@) FQ ng attra} oan TRG ar Preafefas aT THT 8 : aan HY aan aA feat at (= 4) : 5,000 aitein often, 1963 % maui % sgeN 1 yang, 2023 = preter at feat al 3,000 ufteiar afta, 1963 % way & sage 1 yes, 2023 at spree at feat TAT 12,500 1 ae, 2022 ₹1 a 10,000 15 eg, 2023 HI ea 7,500 25 Fata, 2023 Hl Ca THF-H (7) THF-H Marks G 1aNe, 2023 a fen…