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Answer in mercantile law

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What does mean by the Right of Subrogation?

Course: B.Com.

According to Section 140 of the Indian Contract Act. where a guaranteed debt has become due, or default of the principal debtor to perform a guaranteed duty has taken place, the surety, upon payment or performance of all that he is liable for, is inv... More

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Answer in mercantile law

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State the rights of a surety against the Principal Debtor, the Creditor, and Co-Sureties.

Course: B.Com.

Rights against the Principal Debtor: The surety has the following rights against the principal debtor, namely: Right of Subrogation: It means that on payment of the guarantee debt, or performance of the ... More

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Answer in mercantile law

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Discuss the nature of Surety’s Liability. When is he discharged from his Obligation?

Course: B.Com.

Surety refers to the person who gives the guarantee. The surety is entitles to various rights once the liability of the principal debtor has been discharged and the payment has been made. The rights may be classified as: Rights against t... More

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Answer in mercantile law

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Between co-sureties there is equality of the burden and the benefit. Elucidate.

Course: B.Com.

When the repayment of the debt is guaranteed by more than one person to the principal debtor, it is referred to as Co-sureties. According to Section 138, where there are co-sureties, the release by the creditor of one of them does not discharge the o... More

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Answer in mercantile law

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What is Subrogation? What do you mean by implied promise to indemnity surety under Section 145 of the Indian Contract Act?

Course: B.Com.

Subrogation: According to Section 140 of the Indian Contract Act, where a guaranteed debt has become due, or default of the principal debtor to perform a guaranteed duty has taken place, the surety, upon payment or performance of all... More

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Answer in mercantile law

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Define a Contract of Indemnity. Do you agree this is a Contingent Contract?

Course: B.Com.

Contract of Indemnity: According to Section 124 of the Indian Contract Act, "A contract, by which one party promises to save the other from loss caused to him by the conduct of the promisor himself or by the conduct of any ... More

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Answer in Indian Administration

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Discuss the problems that Collectors face in the performance of their duties. Explain the revenue functions of the District Collector.

Course: ba public administration.

The importance of District Collector has grown in both the regulatory and the development functions after Independence. A Collector faces many problems in discharging his duties properly. One of them is frequent transfers as many a time the norm to r... More

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Answer in Indian Administration

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Describe significance of Lakhina experiment. Explain the role of the Collector in Panchayati Raj Institutions.

Course: ba public administration.

Lakhina Experiment. To make the district administration effective and responsive to people, many experiments of administrative reforms have been done. It was found that structural changes did not yield the desired results. ... More

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Answer in Indian Administration

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Explain the importance of Collector in the District Administration. Trace the evolution of the Institution of Collector.

Course: ba public administration.

The Collector is the highest functionary of the District Administration. The Collector looks after both the development and regulatory areas and has three major functions: revenue, magisterial and developmental. Besides Revenue Administration other i... More

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Answer in india democracy and development

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What efforts were India Government does for selecting Official languages?

Course: ma political science.

India Government efforts for Official languages. In 1963 the Official Language Act provided for the continuance of English as official language for union Parliament. Even in states in which Hindi was not an official languag... More

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What does mean by the Right of Subrogation?

State the rights of a surety against the Principal Debtor, the Creditor, and Co-Sureties.

Discuss the nature of Surety’s Liability. When is he discharged from his Obligation?

Between co-sureties there is equality of the burden and the benefit. Elucidate.

What is Subrogation? What do you mean by implied promise to indemnity surety under Section 145 of the Indian Contract Act?

Define a Contract of Indemnity. Do you agree this is a Contingent Contract?

Discuss the problems that Collectors face in the performance of their duties. Explain the revenue functions of the District Collector.

Describe significance of Lakhina experiment. Explain the role of the Collector in Panchayati Raj Institutions.

Explain the importance of Collector in the District Administration. Trace the evolution of the Institution of Collector.

What efforts were India Government does for selecting Official languages?

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