The Negotiable Instruments Act, 1881 lays down Laws relating to the payment of a customer's cheque by a banker and the protection available to a banker. The relationship between a banker and customer is the debtor-creditor relationship the banker is bound to pay the cheques drawn by his customer. This duty on the part of the banker, to honor his customers' mandate, is laid down in Section 31 of the Negotiable Instruments Act.
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Amy and Ben started a business partnership, with Amy investing Rs. x and Ben investing Rs. (x + 6000). After one year, Chris joined the partnership with...
A, B and C started a business with initial investments in the ratio 3:4:8, respectively. After one year A, B and C made additional investments equal to ...
‘A’ and ‘B’ entered into a partnership by investing Rs. 9900 and Rs. 5500, respectively. If ‘A’ invested his sum for...
