As per the fiction theory, a corporation exists only as an outcome of fiction and metaphor. So the personality that is attached to these corporations is done purely by legal fiction. The legal person is created only in the eyes of the law for a specific purpose. The theory was propounded by Savigny and backed by Salmond and Holland.
Akash invested some money in a venture for a period of 5 months. After 3 months of his investing, Brijesh invested some amount such that the ratio of in...
Anuj and Bheem began a business by investing Rs. Z and Rs. (Z + 2,500), respectively. After operating together for 16 months, Anuj withdrew from the bu...
A started a business with an investment of Rs. 1000. After some months, B joins the business with an investment of Rs.3000 and after two more months C j...
Seeta, Geeta and Reeta invested Rs. 8000, Rs. 10000 and Rs. 12000 respectively. Partnership condition is that, each will get interest on his capital at ...
‘A’ and ‘B’ invested Rs. 4000 and Rs. 2000, respectively in a business, together. After 7 months, ‘A’ withdrew 20% of his initial investment...
P started a business with an investment of Rs.10000, after 8 months Q joined him with Rs.15000 and after another 8 months R joined them with Rs.20000. I...
Gold, Silver and Bronze invested money in the ratio of 1/2:1/3:1/4 in a business. After 4 months, Gold doubled his investment and after 6 months, Silver...
Sonia and Isha started a business with investments of Rs. 3100 and Rs. 2300, respectively. Four months into the business, Jai joined them with an invest...
Ashish started a business by investing Rs. 4900. Few months later; Ramesh joined him by investing Rs. 5600 such that at the end of the year, the profit ...
Ashish started a business by investing Rs. 6300. Few months later; Ramesh joined him by investing Rs. 8000 such that at the end of the year, the profit ...
