| (a) | - | A, a merchant in Calcutta, has an agent, B, in London, to whom a sum of money is paid on A's account, with orders to remit. B retains the money for a considerable time. A, in consequence of not receiving the money, becomes insolvent. B is liable for the money and interest from the day on which it ought to have been paid, according to the usual rate, and for any further direct loss-as, e.g., by variation of rate of exchange-but not further. |
| (b) | - | A, an agent for the sale of goods, having authority to sell on credit, sells to B in credit, without making the proper and usual enquiries as to the solvency of B. B, at the time of such sale, is insolvent. A must make compensati .... To read the full section download the app from Google Play store
Featured
ARTICLESHIP
19 March 2026
Article AssistantGupta Sachdeva & Co. Chartered Accountants New Delhi CA Final View Details
Featured
29 April 2026
Manager- Finance and ComplianceNaveen Fintech Pvt Ltd Kolkata CA Inter View Details |
CAclubindia
