CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Hidden Goodwill

A, B and C jo...

Question

A, B and C jointly promise to pay D a sum of Rs. $3, 000$ . C is compelled to pay the whole. A is insolvent but his assets are sufficient to pay one half of his debts. Discuss C's rights.

Open in App

Solution

C is entitled to receive Rs. $500$ from A's estate and Rs. $1250$ from B.

Suggest Corrections

thumbs-up

0

Similar questions

Q. A, B and C jointly promised to pay Rs.

60, 000

to D. A was compelled by D to pay the entire amount of Rs.

60, 000

. Here _______________.

Q. Solve.
X, Y and Z jointly promise to pay? Rs. 9,000 to W. W compelled X to pay the whole amount. Can X recover anything from Y and Z
(a) if both V and Z are solvent,
(b) if V is solvent and Z being insolvent pays only 60 paise in a rupee.

Q. Solve.
X, Y and Z jointly promise to pay? Rs. 9,000 to W. Can W compel X to pay him in
full?

Q. Solve.
X, a client promises to pay Y, his advocate Rs. 10,000 in addition to his fees if he succeeds. X succeeds but refuses to pay Rs.10,000. Can Y recover from X?

Q. Mr. Amit signs on instrument in the following terms.
(i) "I promise to pay B or order Rs. 500"
(ii) "I promise to pay B Rs. 500, first deducting all other sums which shall be due to him"
(iii) "I promise to pay B Rs. 500 on D's death, provided D leaves one enough to pay that sum"
Which of the following are promissory notes?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Goodwill

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Hidden Goodwill

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon