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Explanation of Law MTP October 20 MCQ

In the attached picture , Answer for the first mcq is 'C'. I am unable understand it.Can anyone explain me with the the provisions of the act.

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2d2bd9c2-315c-4d48-bc8f-3b2ebdb721df.jpg


Aravind Balina

Aravind Balina

CA Inter

130

16-Nov-20 23:07

43

Answers (6)

Agent cannot make profit. So entire profit is to be returned back.


Suraj Lakhotia

Suraj Lakhotia

Admin

17-Nov-20 10:14

Yes sir , I agree with it .But Principal gave permission for 1.30 cr and agent purchased for 1.38 cr. In that case, agent liable to pay Rs.80 lakhs only. How can he is liable to pay Rs. 8 cr ?


Thread Starter

Aravind Balina

Aravind Balina

CA Inter

130

17-Nov-20 14:52

Kindly , once again see the MCQ & 3 options.


Thread Starter

Aravind Balina

Aravind Balina

CA Inter

130

17-Nov-20 14:54

It should be 0.8 crores.


Suraj Lakhotia

Suraj Lakhotia

Admin

17-Nov-20 15:07

Yes sir , But in the options the answer is about Rs. 8 cr should be paid.


Thread Starter

Aravind Balina

Aravind Balina

CA Inter

130

17-Nov-20 15:44

Thread Starter

Aravind Balina

Yes sir , But in the options the answer is about Rs. 8 cr should be paid.

printing error - they missed decimal points before 8


Sriram Somayajula

Sriram Somayajula

Admin

17-Nov-20 15:51

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