Part L: Sill Marks 1. Ravi sent a consignment of goods worth Rs. 00,000 by railway and gut railway receipL He obtained an advance of Rs. 30,000 from the hank and endorsed and delivered the railway receipt in favour of the bank by way of security. The railway failed to deliver the goods at the destination. The hank led a suit against the railway for Rs. l004,0-0-0. Decide in the light of provisions of the Indian Contract Act, 10TH, whether the hank would succeed in the said suit? 1'. State the privileges of a Cooperative Society registered under the Cooperative Society Act, 1012 relating to the exemption from Incometart, Starop duty and Registration fee