Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 3. 'raja' and 'suresh' were engaged in business ha

3. 'Raja' and 'Suresh' were engaged in business having same nature. 'Raja' stands surety for...

50.1K

Verified Solution

Question

Accounting

image

3. 'Raja' and 'Suresh' were engaged in business having same nature. 'Raja' stands surety for 'Suresh' for any amount which 'Kala' may lend to 'Suresh' from time to time during the next 6 months subject to a maximum of * 2,85,000. 3 months later, 'Raja' revokes the guarantee, when 'Kala' had lent to 'Suresh' * 2,35,000. Decide whether 'Raja' is

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students