GLO_CWM_LVL_1 practice question 21 of 35
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…
Choose your answer, then check it against the explanation.
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 21 of 35
Keep practicing
Take the free GLO_CWM_LVL_1 practice test
Ten exam-style questions with answers and explanations, plus the exam facts and study guides.
More questions
Other GLO_CWM_LVL_1 practice questions
- Question 1Under the Provisions of Transfer, of Property Act, the unborn child acquires vested inter…
- Question 2Identify the stage in the money laundering process where funds are being constantly moved…
- Question 4Mixed economy refers to.....
- Question 5The facility of mini-statement is available to customers __________
- Question 6What do you mean by Caveat Emptor?
- Question 7The effect of money laundering on the financial system is to: