Solution

IPC Section 24. “Dishonestly”—Whoever does anything with the intention of causing wrongful gain to one person or wrongful loss to another person, is said to do that thing “dishonestly”. Section 25. “Fraudulently”—A person is said to do a thing fraudulently if he does that thing with intent to defraud but not otherwise. Section 26. “Reason to believe”—A person is said to have “reason to believe” a thing, if he has sufficient cause to believe that thing but not otherwise. Section 27. “Property in possession of wife, clerk or servant”—When property is in the possession of a person's wife, clerk or servant, on account of that person, it is in that person's possession within the meaning of this Code.