Corporate Law ARAVIND – 09901366442 – 09902787224
Need Answer Sheet of this Question paper, contact aravind.banakar@gmail.com www.mbacasestudyanswers.com ARAVIND – 09901366442 – 09902787224 Corporate Law Q.1. Will C has the right of further negotiation in the following cases: (B signs the endorsements) Explain briefly? 15. ‘Pay C for my use’ 16. ‘Pay C’) 21. ‘Pay C or order for the account of B’ Q.2. State whether the following instruments are valid promissory notes: i) I promise to pay Rs. 5000 to B on the dearth of ‘B’s uncle provided that D in his will gives me a legacy sufficient for the promise of payment of the said sum. ii) I hereby acknowledge that I owe X Rs. 5,000 on account of rent due and I agree that the said sum will be paid be me in regular installments. iii) I acknowledge myself indebted to B in Rs. 5000 to be paid on demand for value received. Q.3. A Payee holder of a bill of exchange. He endorses it in blank and delivers it to B. B endorses in full to C or order. C wi...