Bills of Exchan...

If the act has been done before any promise is made, it is called ..

X consigned $1,000$ Kg of Apples costing Rs. $100$ per kg to Y. X incurred Rs. $6,500$ towards transportation and insurance. Y paid Rs. $4,000$ as godowns rent and Rs. $500$ as salesman Commission. He could not realize Rs. $5,000$ from a customer and the amount became bad debts. During road transportation $50$ kg were stolen. He sold $900$kg @ $150$ per kg. Y is entitled to $2\%$ del credere commission. Find the value of abnormal loss.

A draws on B a bill of exchange for $3$ months of Rs. $20,000$ which B accepts. B got it discounted with a bank at $16\%$. On the due date B did not honour the bill and X got it attested from the notary public on paying noting charges of Rs. $100$. B paid Rs. $6,000$ in cash and requested A to draw a fresh bill for the balance amount for next three month at $12\%$ interest. The new bill will be for Rs. ____________.

An offer may be revoked at any time .. communication of acceptance is complete as against . But not afterward

A bill of exchange is drawn by

When Bills Receivable is returned dishonored by the drawee, which of these A/c is debited by the drawer

From the following details calculate overriding commission payable to a consignment.
Invoice price of the goods sold Rs. $200,000$
Selling price of the goods sold Rs. $280,000$
Overriding commission is payable @ $5\%$ of the excess of selling price over invoice price.

For bearing loss on account of bad debts, the consignment agent is allowed _________.

When Bills Receivable is returned dishonored by the drawer, which of these a/c is credited by the drawer

Which of the following option is not available to the drawer of bill of exchange