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Commerce · Q330

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 330

Q330

According to section 14 of the Act, when a promissory note, bill of exchange or cheque is transferred to any person so as to constitute that person the holder there of, the instrument is said to be:

A.
Negotiated
Answer
B.
Assigned
C.
Assigned and negotiated
D.
Terminated

Answer: Option A

Solution

Answer: Option A
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