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 X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads: 
(i) As to Rs. 2,000 that it was time barred, and 
(ii) As to Rs. 2,500 a part payment of Rs. 1,000 
  • a)
    Y can appropriate the payment of Rs. 1,000 towards the first debt & X is bound to pay Rs. 2,500 which is not yet barred by limitation 
  • b)
    Both the contentions of X are wrong 
  • c)
    Either (a) or (b) 
  • d)
    Both (a) and (b) 
Correct answer is option 'D'. Can you explain this answer?
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X owes Y two sums, one for Rs. 2,000 which is barred by Limitations an...
B) X's plea regarding the first debt being time-barred is valid and Y cannot recover that amount.
c) X's plea regarding the second debt is also valid as he has made a part payment of Rs. 1,000 towards it. Therefore, Y can only recover Rs. 1,500 from X for the second debt.
d) In conclusion, Y can appropriate the payment of Rs. 1,000 towards the first debt, but cannot recover the time-barred amount of Rs. 2,000. Y can only recover Rs. 1,500 from X for the second debt.
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X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads:(i) As to Rs. 2,000 that it was time barred, and(ii) As to Rs. 2,500 a part payment of Rs. 1,000a)Y can appropriate the payment of Rs. 1,000 towards the first debt & X is bound to pay Rs. 2,500 which is not yet barred by limitationb)Both the contentions of X are wrongc)Either (a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer?
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X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads:(i) As to Rs. 2,000 that it was time barred, and(ii) As to Rs. 2,500 a part payment of Rs. 1,000a)Y can appropriate the payment of Rs. 1,000 towards the first debt & X is bound to pay Rs. 2,500 which is not yet barred by limitationb)Both the contentions of X are wrongc)Either (a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads:(i) As to Rs. 2,000 that it was time barred, and(ii) As to Rs. 2,500 a part payment of Rs. 1,000a)Y can appropriate the payment of Rs. 1,000 towards the first debt & X is bound to pay Rs. 2,500 which is not yet barred by limitationb)Both the contentions of X are wrongc)Either (a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads:(i) As to Rs. 2,000 that it was time barred, and(ii) As to Rs. 2,500 a part payment of Rs. 1,000a)Y can appropriate the payment of Rs. 1,000 towards the first debt & X is bound to pay Rs. 2,500 which is not yet barred by limitationb)Both the contentions of X are wrongc)Either (a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer?.
Solutions for X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads:(i) As to Rs. 2,000 that it was time barred, and(ii) As to Rs. 2,500 a part payment of Rs. 1,000a)Y can appropriate the payment of Rs. 1,000 towards the first debt & X is bound to pay Rs. 2,500 which is not yet barred by limitationb)Both the contentions of X are wrongc)Either (a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads:(i) As to Rs. 2,000 that it was time barred, and(ii) As to Rs. 2,500 a part payment of Rs. 1,000a)Y can appropriate the payment of Rs. 1,000 towards the first debt & X is bound to pay Rs. 2,500 which is not yet barred by limitationb)Both the contentions of X are wrongc)Either (a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads:(i) As to Rs. 2,000 that it was time barred, and(ii) As to Rs. 2,500 a part payment of Rs. 1,000a)Y can appropriate the payment of Rs. 1,000 towards the first debt & X is bound to pay Rs. 2,500 which is not yet barred by limitationb)Both the contentions of X are wrongc)Either (a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer?, a detailed solution for X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads:(i) As to Rs. 2,000 that it was time barred, and(ii) As to Rs. 2,500 a part payment of Rs. 1,000a)Y can appropriate the payment of Rs. 1,000 towards the first debt & X is bound to pay Rs. 2,500 which is not yet barred by limitationb)Both the contentions of X are wrongc)Either (a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads:(i) As to Rs. 2,000 that it was time barred, and(ii) As to Rs. 2,500 a part payment of Rs. 1,000a)Y can appropriate the payment of Rs. 1,000 towards the first debt & X is bound to pay Rs. 2,500 which is not yet barred by limitationb)Both the contentions of X are wrongc)Either (a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads:(i) As to Rs. 2,000 that it was time barred, and(ii) As to Rs. 2,500 a part payment of Rs. 1,000a)Y can appropriate the payment of Rs. 1,000 towards the first debt & X is bound to pay Rs. 2,500 which is not yet barred by limitationb)Both the contentions of X are wrongc)Either (a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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