Legal Aspects Of Business - Study Mode

[#881] Which of the following is not a presumption about a negotiable instrument?
Correct Answer

(D) Absolute and good title to the transferee
(H) Absolute and good title to the transferee

[#882] A special resolution is one which requires :
Correct Answer

(C) Not less than three-fourth majority of votes

[#883] Which among the following is not included in negotiable instrument?
Correct Answer

(D) Mutual Fund
(H) Mutual Fund

[#884] Person named in the instrument to whom or to whose order the money is to be paid is known as:
Correct Answer

(D) Payee

[#885] When a party to a contract fails to perform a contract within the fixed time, then:
Correct Answer

(C) Such contract becomes voidable at the option of the promise, if the intention of the parties was that time should be of essence of the contract