Explanation: Nominal Damages: Damages which are awarded by the Court to the plaintiff not by way of compensation but by way of recognition of some legal rights of plaintiff which the defendant has infringed are nominal damages.
‘A’ and ‘B’ started a business by investing certain sum in the ratio 3:2, respectively for 4 years. If 12% of the total profit i...
P started a business investing Rs.20000. After 4 months, Q joined her with the capital of Rs.25000. After another 6 months, R joined them with the capit...
‘A’, ‘B’ and ‘C’ entered into a partnership by making investments in the ratio 5:3:9, respectively. At end of the year, if the difference be...
Ridhima and Minni embarked on a clothing house business with investments of Rs. (a-6000) and (2a-7000) respectively. After 8 months, Minni exited the bu...
X, Y, and Z join a partnership and invest some amount. After one year, X doubles its investment, Y increases its investment by 33(1/3)%, and Z increases...
A, B, and C start a business together. A invests ₹25,000, B ₹35,000, and C ₹40,000. After 1 year, C withdraws his entire capital, and A and B cont...
Aman, Bittu, and Ramesh initiated a business with investments of Rs. 4,000, Rs. 4,500, and Rs. 6,000, respectively. Ramesh invested for 2 months longer ...
A, B and C enter into a partnership with a capital in which A’s contribution is Rs. 15,000. If out of a total profit of Rs. 1200, A gets Rs. 400 a...
A and B together started a business with initial investment in the ratio of 4:5, respectively. The time-period of investment for A and B is in th...
A and B enter into a partnership with their initial sum of Rs.35000 and Rs.40000 respectively. After 6 months, a third person C also joins them with his...
