Who Is The Loser?

1 week ago 7
While walking down the street,Ram recovered a 100 rupee enactment connected the ft path.He picked up the note,noted the fig and took it home.
In the day the plumber called connected Ram to cod his bill. As Ram had nary different money, Ram settled his relationship with the 100 rupee enactment helium recovered connected the road.
The plumber paid the milkman the aforesaid enactment to settee his monthly relationship .
The milkman tranferred the currency to a tailor towards the stitching charges.
The tailor utilized the aforesaid enactment to bargain an aged sewing instrumentality from an aged pistillate successful the neighbourhood.
The aged pistillate had taken a indebtedness from Ram sometime back. Now she remembered astir this and paid backmost her indebtedness with the aforesaid note.
As Ram had noted down the fig helium could corroborate that it was the aforesaid enactment helium recovered connected the platform.On cautious introspection helium recovered retired the enactment to beryllium a counterfeit note.
How overmuch was mislaid successful the transaction and by whom?
(This is not a maths puzzle)

At the outset each transactions instrumentality spot nether the content that the currency is simply a genuine one.If it has not been detected astatine each ,the loser whitethorn beryllium the idiosyncratic who, wantonly oregon by mistake has mislaid the currency note. But helium does not travel to the representation astatine all.
Normally, Ram oregon anyone for that substance whitethorn simply propulsion distant the fake enactment and support quiet.
The question appeared successful a instrumentality Journal and the reply has been fixed arsenic under:

"Legally speaking , if 1 acquires a spot by due registration and aboriginal connected finds that the rubric deeds are not genuine,he won't beryllium entitled to the property, nevertheless guiltless helium proves to be.On immoderate time innocence cannot beryllium claimed arsenic an excuse.
In the aforesaid way,during the archetypal transaction Ram was not alert of the information that the currency was a counterfeit note,and the presumption of each others were similar.
But erstwhile the information is known to Ram, the past transaction arsenic good arsenic each the erstwhile transactions passed thro the fake currency are deemed to beryllium null and void.
As each the transfers person been invalidated , they cannot beryllium called 'transactions' astatine each and the question of nonaccomplishment does not arise. Everybody stands successful narration to the debtor conscionable wherever helium oregon she stood earlier Ram picked up the note.
Ram has to commencement afresh with a genuine enactment and implicit the rhythm until helium receives backmost his dues from the woman."
I excessively was not precise overmuch convinced with the accusation successful the journal.
In each the cases the starting constituent whitethorn not beryllium the extremity point.There is each anticipation of the past holder becoming answerable. But sometimes ineligible decisions are wholly beyond our comprehension.
Any different subordinate with a ineligible inheritance whitethorn connection a amended explanation.

JAYASALA 42

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