Samacheer Kalvi 11th Commerce Notes

Tamilnadu Samacheer Kalvi 11th Commerce Notes

Unit 1 Fundamentals of Business

Unit 2 Forms of Business Organisation

Unit 3 Service Business – I

Unit 4 Service Business – II

Unit 5 Service Business – II

Unit 6 Business Finance

Unit 7 Trade

Unit 8 International Business

Unit 9 The Indian Contract Act

Unit 10 Direct and Indirect Taxes

Samacheer Kalvi 12th Commerce Notes

Tamilnadu Samacheer Kalvi 12th Commerce Notes

Unit 1 Management Process

Unit 2 Financial Markets – I

Unit 3 Financial Markets – II

Unit 4 Human Resource Management

Unit 5 Elements of Marketing

Unit 6 Consumer Protection

Unit 7 Business Environment

Unit 8 The Sale of Goods Act, 1930 and The Negotiable Instruments Act, 1881

Unit 9 Entrepreneurship Development

Unit 10 Company Law and Secretarial Practice

Samacheer Kalvi 12th Chemistry Notes

Tamilnadu Samacheer Kalvi 12th Chemistry Notes

Chemistry NEET MCQ

Samacheer Kalvi 11th Chemistry Notes

Tamilnadu Samacheer Kalvi 11th Chemistry Notes

Chemistry NEET MCQ

Samacheer Kalvi 11th Economics Notes

Tamilnadu Samacheer Kalvi 11th Economics Notes

Samacheer Kalvi 12th Economics Notes

Tamilnadu Samacheer Kalvi 12th Economics Notes

Samacheer Kalvi 12th Computer Science Notes

Tamilnadu Samacheer Kalvi 12th Computer Science Notes

Unit 1 Problem Solving Techniques

Unit 2 Core Python

Unit 3 Modularity and OOPS

Unit 4 Database Concepts and MySql

Unit 5 Integrating Python with MySql and C++

Samacheer Kalvi 12th Commerce Notes Chapter 6 Money Market

Tamilnadu Samacheer Kalvi 12th Commerce Notes Chapter 6 Money Market Notes

→ Money Market is a market for purely short-term funds.

→ It is the segment of financial markets where in financial instruments having maturities of less than one year are traded.

→ According to Crowther, ’’the money market is the collective name given to the various firms and institutions that deal in the various grades of near money”.

→ The RBI defines the money market as, “a market for short-term financial assets that are close substitutes for money facilitates the exchange of money for new financial claims in the primary market as also for financial claims, already issued, in the secondary market”.

→ A well-developed Money Market serves the following objectives:

1. Providing an equilibrium mechanism for ironing out short-term surplus and deficits.

2. Providing a focal point for Central Bank intervention for influencing liquidity in the company.

3. Providing access in uses to users of short-term money to meet their requirements at a reasonable price.

→ Generally, transactions take place through phone, i.e., oral communication. Relevant documents and written communications can be exchanged subsequently.

→ The components of a money market are the Central Bank, Commercial Banks, Non-Banking Financial Companies, Discount Houses and Acceptance House.

→ The Commercial Banks are the nerve centre of the whole money market. They serve as vital link between the Central Bank and the various segments of the money market.

→ There should be a large demand and supply of short-term funds.

→ The central bank keeps their cash reserves and provides them financial accommodation in difficulties by discounting their eligible securities.

→ A Treasury bill is nothing but a promissory note issued for a specified period stated therein. The Government promises to pay the specified amount mentioned therein to the bearer of the instrument on the due date.

→ The features of the Commercial Bills are- Drawer, Acceptor, Payee, Discounter, Endorser, Assessment, Maturity and Credit Rating.

→ The drawing and acceptance of indigenous bills are governed by native custom or usage of trade.

→ A market whereby the Government or gilt-edged securities can be bought and sold is called ‘Government Securities Market’.

→ Government securities are issued for the purposes of refunding the maturing securities, for advance refunding securities, which have not yet matured and for cash financing, i.e., raising fresh cash resources.

Samacheer Kalvi 12th Commerce Notes

Samacheer Kalvi 11th Commerce Notes Chapter 30 Performance of Contract

Tamilnadu Samacheer Kalvi 11th Commerce Notes Chapter 30 Performance of Contract Notes

→ When the party has done what he had undertaken to do, it is called actual performance.

→ When the party offers to perform his obligation, it is not accepted by the promisee. So, it is also called offer to performance or tender.

→ According to Para 2 of Section 40, the promisor may employ a competent person such as agent to perform the promise, if the contract is not formed on personal condition.

→ A contract which involves the use of personal skill or it is found on personal considerations, comes to an end if the promisor dies.

→ According to Section 41, if a promisee accepts the performance of the promise by a third person he cannot afterwards enforce it against the promisor.

→ Various legal provisions are laid down under Section 46 to 50 regarding the time, place and manner of performance of a contract.

→ Under Section 48, performance on a certain day: If the promise is to be performed on a certain day the promisor may undertake to perform it after the application by the promisee to that effect.

→ Promises which form consideration or part of consideration for each other are called ‘reciprocal promise’.

→ Where the two promises are said to be performed simultaneously, they are said to be mutual and concurrent.

→ If section 60’is attracted, the creditor shall have the discretion to apply such payment for any lawful debt which is due to him from the person making the payment.

Samacheer Kalvi 11th Commerce Notes