Under the Banning of Unregulated Deposit Schemes Act, 2019, security or dealership deposit for…
BUDS s.2(4)(l)(iii) excludes a security or dealership deposit made for performance of a contract for supply of goods or services from the deposit definition, without…
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Under the Banning of Unregulated Deposit Schemes Act, 2019, security or dealership deposit for performance of contract for supply of goods or services is:
Answer and explanation
Correct answer B
BUDS s.2(4)(l)(iii) excludes a security or dealership deposit made for performance of a contract for supply of goods or services from the deposit definition, without requiring a bank guarantee.