CWM_LEVEL_2 practice question 20 of 35
Section B (2 Mark) Rakesh owes Rs. 10000 to Haresh who transfers the debt amount to Chirag. Haresh then demands the same from Rakesh, who does not have a notice of the transfer as per section 131 but still pays to Haresh. This payment is invalid &Chirag can sue Rakesh for the debt
Full set: 1,259 questionsCorrect Answer:
B. FALSE
Keep practicing
Take the free CWM_LEVEL_2 practice test
Ten exam-style questions with answers and explanations, plus the exam facts and study guides.
More questions
Other CWM_LEVEL_2 practice questions
- Question 1Section A (1 Mark) An example of ________ is that a person may reject an investment when …
- Question 2Section A (1 Mark) Single men trade far more often than women. This is due to greater ___…
- Question 3Section A (1 Mark) The bank's real estate loan officer should consider which of the follo…
- Question 4Section A (1 Mark) With amortized loans, such as a mortgage:
- Question 5Section B (2 Mark) If a portfolio manager has a good ability to forecast overall market b…
- Question 6Section A (1 Mark) If POA in respect of in moveable property of value more than ………………….i…