Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 3. manish borrowed a sum of 4 lacs from samyak. ma

3. Manish borrowed a sum of 4 lacs from Samyak. Manish appointed Samyak as his...

70.2K

Verified Solution

Question

Accounting

image

3. Manish borrowed a sum of 4 lacs from Samyak. Manish appointed Samyak as his agent to sell his land and authorized him to appropriate the amount of loan out of the sale proceeds. Afterward, Manish revoked the agency. Decide under the provisions of the Indian Contract Act, 1872 whether the revocation of the said agency by Manish is lawful

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Answer the following by putting ( T ) if the statement is true and ( F...

Medical Sciences
Q

3.- In an industrial process, a concentric tube exchanger is used to cool 1800 Kg /...

Mechanical Engineering
Q

Your Turn Find the volume of each composite figure 1 16 m 16 m 10...

Geometry
Q

Jamie runs a math tutoring program For each student she charges an enrollment fee of...

Basic Math
Q

A homeowner with gas heat in her home has been reviewing her monthly gas bills...

Basic Math
Q

Sandhill Decor sells home decor items through three distribution channelsretail stores, the Internet, and catalog...

Accounting
Q

On July 1, Andrew Company purchased equipment at a cost of $150,000 that has a...

Accounting
Q

The standard cost of product 5252 includes 1.9 hours of direct labor at $14.00 per...

Accounting
Q

In the current year, Randa Merchandising Incorporated sold its interest in a chain of wholesale...

Accounting
Q

Nick owns a business catching (and selling) rare lobsters, fish and associated equipment. During the...

Accounting
Q

An annuity is a fixed cash flow A each year forever. True or...

Finance
Q

Question 2: Super Malls Inc. runs a chain of shopping malls across the UK. Recently,...

Finance