Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Read, analyze, and give suggestions : A- is Indian National. B- is Scrap Company A is working in an advertising and printing Company and he

Read, analyze, and give suggestions :

A- is Indian National.

B- is Scrap Company

A is working in an advertising and printing Company and he is an authorized person who has the power to sign on behalf of the company. A decided to invest using his own money in other business away from the company he is working and his owner.

A has interred in to a contract with B to purchase a quantity of scrap for thirty thousand RO. A paid to B ten thousand RO cash as an advanced payment, and for the remaining amount (twenty thousand), A provided a postponed check withdrawn on the name of the company where he is working for. B has delivered to A the Scrap.

On the due date, the check has bounced when it was presented to the bank, for insufficient funds. B presented the check to the police and the case was referred to the court.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions