Is the Space of bounded functions with the maximums norm a Banach space and even a Banach Algebra? X is a arbitrary non empty set , B(X) the set of bounded functions $f:X\rightarrow \mathbb{R}$ and $||f||_\infty = \sup_{x\in X} |f(x)|$
Completeness: Let $(f_n(x))_{n \in \mathbb{N}}$ be a cauchy sequence, then: $$||f_n-f_m||\le \frac{\epsilon}{2} \ \text{for n,m greater than some N}$$ 
the cauchy sequence $f_n$ will have a limit $f(x)$ for $x \in \mathbb{R}$, so there must be a $f_{n_k}$ with a $n_k > N$ such that : $|f_{n_k}(x)-f(x)|\le \frac{\epsilon}{2}$ so one can put: 
$$|f_n(x)-f(x)| \le ||f_n(x)-f_{n_k}(x)||+ |f_{n_k}(x)-f(x)| \le \epsilon $$
And for every $x\in \mathbb{R}$: $$|f(x)|\le |f_{n_k}(x)|+|f_n(x)-f(x)|\le ||f_{n_k}(x)||+\epsilon < \infty$$
Is this sufficient to say that it was shown that $(B(X), ||.||_\infty )$ is a Banach space?
Is it also a Banach Algebra?
 A: Let $\|f\|:= \sup_{x\in X} |f(x)|$. 
For proving that your space $(B(X),\|\cdot \|)$ is complete I would begin with : Let $(f_n)_{n=0}^\infty$ be a Cauchy sequence in $B(X)$. Let $\epsilon >0 $. Then we find $N \in \mathbb N$ such that for all $n,m \geq N: \|f_n - f_m\| < \epsilon$. This implies that each $(f_n(x))_{n=0}^\infty$ converges pointwise because $\mathbb R$ is complete. Then we may define
$$
f: X \rightarrow \mathbb R: x\mapsto \lim_{n \rightarrow \infty} f_n(x)
$$
We now show that $f_n \rightarrow f$ uniform on $X$. Let $\epsilon > 0$. Then we find $N \in \mathbb N$ such that for all $n,m \geq N$ :
$$
|f_n(x)-f_m(x)| < \epsilon, \forall x \in X
$$ Taking the limit in $m \rightarrow \infty$ (this must be verified as legitimate step, too)  leads to
$$
 \forall n \geq N: |f_n(x)-f(x)| < \epsilon, \forall x \in X
$$ which proves uniform convergence of the $f_n$ to $f$. Thus any Cauchy sequence in $B(x)$ converges which proves completeness of $(B(x),\|\cdot\|)$. 
Further is boundedness preserved by uniform convergence.
What I mean by "thist must be verified": For a given sequence $(a_n)_{n=0}^\infty$ in $\mathbb R$ with limit $a$ we have for any metric d:
$$
\lim_{n \rightarrow \infty} d(a_n,x) = d(a,x)
$$ where $x$ is some point in your space.
