1. INTRODUCTIONContract of insurance may be looked upon as aspecial type of contract b/w two parties called ‘theinsurer’ & ‘the insured’. In this contract ‘theinsurer’,…
1. Sushil Mundada 2. •DEBIT: Account has received a benefit•CREDIT: Account has parted with the benefit•DEBTOR: Person from whom we have to recover money•CREDITOR:…