1) The right under which an unpaid seller who is in possession of the goods is entitled to retain them until payment of the price is done is termed as.......

2)If the no of level investments be ‘t’, total no of level installments be ‘n’ and total charge for credit be ‘c’ then the interest rebate is given by…………………………………………

3)The practice of discounting accommodation bills is known as…………………………………………

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answer of 3rd : Kite flying

3)The practice of discounting accommodation bills is known as…………………………………………

ans--- kite flying

3)The practice of discounting accommodation bills is known as…………………………………………

ans 3--- kite flying
ans 1---termed as the right of withholding delivery

1) The right described in question 1 is known as the right of lien. The right of lien grants an unpaid seller, who is in possession of the goods, the authority to retain the goods until the buyer makes the payment for the goods. This right acts as security for the unpaid seller to ensure that they receive the agreed-upon price for the goods.

2) The interest rebate in this case can be calculated using the following formula:
Interest Rebate = (t * n * c) / 100

To find the interest rebate, you need to multiply the number of level investments (t) by the total number of level installments (n) and the total charge for credit (c). Then, divide the result by 100.

3) The practice of discounting accommodation bills is commonly referred to as "bill discounting."

Bill discounting is a process where a party (the accommodation bill holder) sells their accommodation bill to a bank or financial institution before its due date in exchange for immediate cash. The discounting institution deducts a certain percentage as discount or fees for providing the service. Bill discounting allows the accommodation bill holder to receive immediate funds instead of waiting for the bill to mature.