A) X,Y,Z separately tender for a contract to pick up stray cows and dogs from Delhi cantonment area and restore them to cow pen and dog care units managed by MCD. However by mutual agreement they decide to share the income arising from such activity, lest one of them is granted the contract. They also agree to share the total expenses in this regard equally. Is this partnership?
A) X,Y,Z separately tender for a contract to pick up stray cows and dogs from Delhi cantonment area and restore them to cow pen and dog care units managed by MCD. However by mutual agreement they decide to share the income arising from such activity, lest one of them is granted the contract. They also agree to share the total expenses in this regard equally. Is this partnership?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A) X,Y,Z separately tender for a contract to pick up stray cows and dogs from Delhi cantonment area and restore them to cow pen and dog care units managed by MCD. However by mutual agreement they decide to share the income arising from such activity, lest one of them is granted the contract. They also agree to share the total expenses in this regard equally. Is this
B) Anuj stole a cheque from his employer Yash ‘s drawer .He forged Yash’s signature and since Anuj use to collect payment on behalf of his employer, the banker in good faith ,paid the cheque in due course.
Is the banker liable to the employer for the payment?
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