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Case-1 A, B and C enter into a partnership agreement under which C, B are not liable for losses. D files a suit against A, B and C. Examine the position of C.
(ii)
case-2 B offered to sell his house to A for Rs 50000. A accepted the offer by post. On the next day A sent a telegram revoking the acceptance which reached B before the letter. Is the revocation of acceptance valid? Would it make any difference if both the letter of acceptance and the telegram of revocation of acceptance reach B at the same time.
(iii)
case-3 A guaranteed Z against trade debts to be contracted by M as a running balance of account to any amount not exceeding Rs.8000. M became indebted to Z for 10,000 rupee and made a compromise with Z for 60 paisa in rupee, leaving a balance of Rs.4000 due to Z. Z brings suit against A, claiming this amount under the guarantee. Decide?