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Surrender under section 115 of the Transfer of Property Act, 1882 being a voluntary act, the principle applies that the lessee cannot derogate from his own grant and by surrender to the lessor, destroy the rights that he has created in the sub-lessee, the surrender, therefore operates as a grant, subject to:
Which of the following statements is/are true ? (i) Tax-shield on depreciation and interest is an important variable both for the lessor and the lessee. (ii) Lease transactions in India are governed by the Lease Act. (iii) A lessee should evaluate the lease options against the buying option. (iv) As per AS - 19, financial lease is shown in the balance sheet of the lessee as an asset. Choose the correct answer from the code given below : 
Which of the following statement is/are true?
1. Tax shield on depreciation and interest is an important variable both for the lessor and the lessee.
2. Lease transactions in India are governed by the lease act.
3. A lessee should evaluate the lease options against the buying option.
4. As per AS-19, financial lease is shown in the balance sheet of the lessee as an asset.
Which of the following statements is/are true?
i. Tax-shield on depreciation and interest is an important variable both for the lessor and the lessee.
ii. Lease transactions in India are governed by the Lease Act.
iii. A lessee should evaluate the lease options against the buying option.
iv. As per AS-19, financial lease is shown in the balance sheet of the lessee as an asset.
Within the meaning of section 108 of the Transfer of Property Act, 1882 both the lessor and lessee possess the rights along with liabilities. The statement is:
A group of 74 students of Class XI went on picnic. The number of students who went on picnic by each section is as follows: Section A = 15 Section B = 24 Section C = 15 Section D = 20 5 students from Section A spent as much as 4 students from Section B. 12 Section B students spent as much as 9 Section C students and 6 Section C students spent as much as 8 Section D student. If every student of a particular section spent the same amount and all the students spent Rs. 23,370 altogether, find the amount spent by each student of Section D?
Within the meaning of section 114A of the Transfer of the Property Act, 1882, where a lease of immovable property has determined by forfeiture for a breach of an express condition which provided that on breach thereof the lessor may re-enter no suit for ejectment shall lie:
Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.
True, It is the function of the army to maintain law and order in abnormal times. But in normal times there is another force that compels citizens to obey the laws and to act with due regard to the rights of others. The force also protects the lives and the properties of law abiding men. Laws are made to secure the personal safety of its subjects and to prevent murder and crimes of violence. They are made to secure the property of the citizens against theft and damage to protect the rights of communities and castes to carry out their customs and ceremonies, so long as they do not conflict with the rights of others. Now the good citizen, of his own free will obey these laws and he takes care that everything he does is done with due regard to the rights and well-being of others. But the bad citizen is only restrained from breaking these laws by fear of the consequence of his actions. And the necessary steps to compel the bad citizen to act as a good citizen are taken by this force. The supreme control of law and order in a State is in the hands of a Minister who is responsible to the State Assembly and acts through the Inspector General of Police.
"They are made to secure the property of citizens against theft and damage" means that the law:
In the following question, there are six sentences marked S1, S6, P, Q, R and S. The positions of S1 and S6 are fixed. Choose one of the options given below which would be the most logical sequence of the sentences in the passage. S1- The need to provide fundamental rights to the citizens was felt after the French Revolution and the US freedom struggle. P- The Declaration of Rights of Man was adopted in 1789 by the French National Assembly. Q- The USA Constitution also included a section on Fundamental Rights.  R- The General Assembly of UNO adopted the Universal Declaration of Human Rights which was made in December 1948.  S- It was then that the nations around the world thought of giving some essential rights to their citizens. S6- This included the social, economic, political, and cultural rights of the people.
Under the provisions of section 35 of the Transfer of Property Act, 1882, where a person professes to transfer property which he has no right to transfer, and as part of the same transaction confers any benefit on the owner of the property then