"A" leaves a cow in the custody of "B" to be taken care of. The cow has given birth to a calf. Who is entitled to the calf?
A. Only Bailee
B. Only Bailor
C. Both by mutual agreement
D. 70% of the sale price goes to Bailor & 30% to Bailee
E. Sale price of the calf is distributed equally between the Bailor and the Bailee
Answer: Option B
Related Questions on Miscellaneous in Commerce
A. Expenditure for the business
B. Cost for the business
C. Gain for the business
D. None of the above
Which of these items would be accounted for as an expense?
A. Repayment of bank loan
B. Dividend to stock holders
C. The purchase of land
D. Payment of current period rent
Debit the receiver credit the giver rule for:
A. Real a/c
B. Personal a/c
C. Nominal a/c
D. None of these
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