Abhijeet and Vivek jointly initiated a business. Abhijeet contributed 60% of the total investment made by both of them. Abhijeet invested his amount for 12 months, and the profit earned by him is 4/15th of the total profit. Determine the duration for which Vivek invested his amount.
ATQ, Let the total profit received by ‘Abhijeet’ and ‘Vivek’ be Rs. 15a Therefore, profit received by ‘Abhijeet’ = 15a × (4/15) = Rs. 4a Profit received by ‘Vivek’ = 15a – 4a = Rs. 11a Let the total sum invested be ‘b’ Therefore, sum invested by ‘Abhijeet’ = 0.6b And, sum invested by ‘Vivek ’ = 0.4b Let ‘Vivek’ invested his sum for ‘m’ months Therefore, (0.6b × 12):(0.4b × m) = 4a:11a Or, m = (0.6 × 12 × 11)/(0.4 × 4) = 49.5 months
Which section delas with the establishment of Depositor Education and Awareness Fund by the RBI under the Banking Regulation Act, 1949?
The latin maxim ‘obiter dicta’ means
Who among the following is author of the book ‘Law of Tort’?
No. of arbitrators in an arbitral tribunal shall be:
A Partner of an Unregistered Firm cannot sue the Firm or any other Partner of the Firm to enforce a right:
Which of the following cases laid down the rule of Strict-Liability?
An agent ____________ personally enforce contracts entered into by him on behalf of his principal, nor is he personally bound by them
A mistake as to a law not in force in India ____________
In Islamic divorce law, what is the process of khula?
Who is the Ex-officio chairman of the Council of States?