CA Study Notes (Inter, Final & Foundation)
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#CASE_STUDY_1

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Case study Series

๐Ÿ‘‰M/s X limited is a company having paid up share capital of Rs.1 Crore (which gives right to total 50,000 votes)

๐Ÿ‘‰M/s Y limited holds 45% voting power of M/s X limited

๐Ÿ‘‰M/s Z limited holds 20% voting rights in X limited

๐Ÿ‘‰M/s XYZ limited holds 75% voting rights in Y Limited and 60% voting rights in Z limited

๐Ÿ‘‰M/s X limited is subsidiary of __
#CASE STUDY 1

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Case Study Series๐Ÿ”ธ

Mr. Ram is a resident of Navi Mumbai, Due to the spread of COVID 19, he decided to leave Mumbai and go back to his parental village near Indore, while leaving Mumbai he handed over keys of his house, and Scooter to his neighbour (Mr. Suresh), it was implied from their past relationship that Mr. Suresh can use Mr. Ramโ€™s scooter for his day to day needs. Mr. Ramโ€™s Car is also parked in his house but the keys of Car were not handed over to Mr. Suresh but kept by Ram with himself. While leaving Mr. Ram asked Mr. Suresh to take care of car as well. The scooter was being used my Mr. Suresh for day to day activities, on a particular day Mr. Suresh decided to go to Matheran (hill station 150 Km/s away from Mumbai). While going to Matheran the scooter met with an accident (due to fault in its clutch), it caused injuries to Mr. Suresh and also damage to the scooter. Mr. Ram had never informed Suresh about the clutch issue as he himself was also not aware about the clutch issue. Mr. Ram is intending to recover damages from Suresh for the loss caused to his scooter whereas Suresh is intending to recover damages from Ram for injuries caused to him due to faulty clutch.

Answer following questions based upon the above
case (next 4 MCQโ€™s on the basis of this case)

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#case study 1
#MCQ 3
Who should bear the loss to the scooter
Anonymous Quiz
51%
Bailor
49%
Bailee
#case study 1
#MCQ 4
Is Bailor liable to compensate loss to the bailee arising from injuries to him
Anonymous Quiz
53%
Yes
47%
No