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…
Choose your answer, then check it against the explanation.
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
Question 20 of 35
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…
