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Mr. Singh is in ‘lighting’ business for the post 15 years. To help his friend, Mr Yadav, a beginner he projected himself as a partner before Ram a whole sale dealer of fancy lights. Ram gave Mr. Yadav the stock without asking for payment and gave him credit limit of one month.
1) Will Mr. Singh be liable to Ram ?
2) If Mr. Yadav does not pay him on time ? Classify Mr. Singh’s role here along with an explanation?
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Mr. Singh is in ‘lighting’ business for the post 15 years. To help his...


Liability of Mr. Singh:


1) Will Mr. Singh be liable to Ram?
Yes, Mr. Singh will be liable to Ram as he projected himself as a partner to Mr. Yadav. By doing so, he has taken on the responsibility for the business transactions and dealings with Ram. This means that if Mr. Yadav fails to make the payment on time, Mr. Singh will be held accountable to settle the dues with Ram.

Role of Mr. Singh:


2) If Mr. Yadav does not pay him on time?
If Mr. Yadav fails to pay Ram on time, Mr. Singh, being a partner, will have to step in and fulfill the payment obligations. This is because in the eyes of the wholesale dealer Ram, Mr. Singh is equally responsible for the business dealings and transactions. Mr. Singh's role here can be classified as a guarantor or a surety for Mr. Yadav's transactions with Ram.


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Mr. Singh is in ‘lighting’ business for the post 15 years. To help his friend, Mr Yadav, a beginner he projected himself as a partner before Ram a whole sale dealer of fancy lights. Ram gave Mr. Yadav the stock without asking for payment and gave him credit limit of one month.1) Will Mr. Singh be liable to Ram ?2) If Mr. Yadav does not pay him on time ? Classify Mr. Singh’s role here along with an explanation?
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Mr. Singh is in ‘lighting’ business for the post 15 years. To help his friend, Mr Yadav, a beginner he projected himself as a partner before Ram a whole sale dealer of fancy lights. Ram gave Mr. Yadav the stock without asking for payment and gave him credit limit of one month.1) Will Mr. Singh be liable to Ram ?2) If Mr. Yadav does not pay him on time ? Classify Mr. Singh’s role here along with an explanation? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Mr. Singh is in ‘lighting’ business for the post 15 years. To help his friend, Mr Yadav, a beginner he projected himself as a partner before Ram a whole sale dealer of fancy lights. Ram gave Mr. Yadav the stock without asking for payment and gave him credit limit of one month.1) Will Mr. Singh be liable to Ram ?2) If Mr. Yadav does not pay him on time ? Classify Mr. Singh’s role here along with an explanation? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mr. Singh is in ‘lighting’ business for the post 15 years. To help his friend, Mr Yadav, a beginner he projected himself as a partner before Ram a whole sale dealer of fancy lights. Ram gave Mr. Yadav the stock without asking for payment and gave him credit limit of one month.1) Will Mr. Singh be liable to Ram ?2) If Mr. Yadav does not pay him on time ? Classify Mr. Singh’s role here along with an explanation?.
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