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NI act
Corporate & Other Laws
answered on 04-May-23 08:20
abhinav draws a bill on charan. abhinav endores bill to sujith by writting sans recourse. sujith endorses to lohith. lohith endorses bill to shashank. shashank endorses bill to abhinav [bill came back]. abhinav endorses bill to imdad. on payment date charan makes default. from whom imdad can collect bill amount. can imdad collect bill amount from abhinav[ who had returned sans recourse and gave to sujith]
latest answer
Imdad can collect payments from prior parties (indorsers ) but not from Abinav , who issued sans recourse indorsement, so he is not liable
lohith perumalla
CA Inter
★ 8K+
1
431
NI act
Corporate & Other Laws
answered on 04-May-23 13:40
If maker of promissory note makes payment but forgot to take back promissory note and payee endorses it to the third party . does the third party can recover from maker ?
latest answer
No. The endorser will be liable to third party
Neha
CA Inter
★ 3K+
1
406
continuing guarantee
Corporate & Other Laws
answered on 04-May-23 22:31
sujith guaranteed charan,to supply goods to abinav for a period of 12 months. abhinav takes supply of goods for 1000rs in 3 months. later on sujith withdarws guarantee by giving notice to charan,abhinav doesn't about sujith's withdrawal and makes further purchases of 2000. can charan collect this 2000rs from sujith or abhinav
latest answer
Understood bro
lohith perumalla
CA Inter
★ 8K+
4
409
Exam
Exams
answered on 05-May-23 07:03
I forget to mention question paper code in answer sheet. Will there be a problem?
latest answer
No problem.
Pooja .
CA Final
★ 210
4
498
Regarding exemption
Others
answered on 04-May-23 10:55
Sir as I have availed exemption it is if it is mentioned in the admit card as I can avail it in the current exam
latest answer
yes
Saravanan Murugan
CA Final
★ 19K+
6
537
Exceptions (Transfer of title by non-owner)
Corporate & Other Laws
answered on 04-May-23 08:36
In Section 30(2), it says that the buyer has the possession but the seller has the ownership. I wanted to confirm that in that situation it would the buyer who would sell the good(s)/item(s) to a subsequent buyer, right?
latest answer
Yes
Shiv Pandit
CA Foundation
★ 0
1
468
NI ACT
Corporate & Other Laws
answered on 04-May-23 05:48
Can u explain the gist of it ? Can't understand
latest answer
Sec. 138 is a penal provision which states that a drawer is liable an his will constitute an offence when 1.he instruct bank for stop payment 2.he in request drawee not to encash the cheque.. And...as per sec 140 ...after drawing a cheque a drawer cannot tell that he wasn't aware of his insufficiency of bank balance.. Thus this act in this case constitute an offence
Reetikaa R
CA Final
★ 7K+
1
440
NI ACT
Corporate & Other Laws
answered on 04-May-23 13:02
Ma'am in this question , rate of interest is material alteration .since it is not mentioned ,it can not be charged right ma'am??
latest answer
refer section 80 of the NI Act. Whenever interest rate is not mentioned, we assume 18% p.a. Interest from the date at which the same ought to have been paid by the party Charge, until tender or realization of the amount due thereon, or until such date after the institution of a suit to recover such amount as the Court directs. There is no material Alteration here. Material alteration happens when the conditions mentioned in the original instrument are altered.
Reetikaa R
CA Final
★ 7K+
1
376
NI ACT
Corporate & Other Laws
answered on 11-May-23 22:49
Are inchoate and blank cheque the same ??
latest answer
Refer this. I hope it may help u..
Reetikaa R
CA Final
★ 7K+
2
453
CA Exams Compulsory Questions
Others
answered on 03-May-23 23:44
What happens if the Compulsory Questions are entirely not attended & Balance 80 marks(out of 100) are attended? Will they value the Answer Sheet? Are there any negative marks?
latest answer
Yes they will check your answer sheet
Krishna Sankar
CA Inter
★ 370
3
755