wiz-icon
MyQuestionIcon
MyQuestionIcon
3
You visited us 3 times! Enjoying our articles? Unlock Full Access!
Question

Solve.
X supplied rice and wheat worth Rs. 20,000. Y supplied a mobile phone worth Rs. 30,000 and Z lent Rs. 50,000 for the purchase of necessaries to the wife and children of M, a minor. M had assets worth Rs. 1,00,000. Can X, Y and recover anything from M?

Open in App
Solution

Solution: Section to which the given problem relates: Section 68
Decision and Reason: X and Z can recover from the Zs assets because supplied accessories and Z lent for the purchase of necessaries.
but V cannot recover anything because he has not supplied necessaries.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Calls in Arrears and Calls in Advance
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon