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According to Section 4 of Negotiable Instrument Act, a promissory note is: • An instrument (not being bank note or currency note) in writing • Containing an unconditional undertaking • Signed by the maker • To pay a certain sum of money only to or to the order of, a certain person, or to the bearer of the instrument. In question, the sum is not certain as it is mentioned “Rs 10000 and all other sums which shall be due to him”. A Bill of Exchange has three parties. An inchoate instrument is an incomplete instrument
Consider the following statements regarding the storage of bullion:
1) Bullion should be only stored in a bank vault for maximum securit...
Acompanyshall not, at any time, vary the terms of a contract referred to in theprospectusor objects for which the prospectus was issued, except subject ...
Who has been appointed as the convenor of the GST rate rationalisation panel?
The risk that loss may arise on account of trading in SLR and other securities by a bank is classified as ______
K Enterprises follows the written down value method of depreciating machinery year after year due to which of the following:
What is the minimum credit rating required for the issuance of Commercial Papers (CPs) and Non-Convertible Debentures (NCDs), as per the revised RBI gui...
In the context of documentary credit, which of the following is typically considered a "compliant document"?
Infrastructure Debt Funds (IDFs) can be set up as which of the following entities in India?
The ICAAP is required to form an integral part of the management and decision-making culture of a bank. What does ICAAP stands for?
Which of the following is correct regarding Strategic Risk?
i. A Risk arising from adverse business deci...
