For the purpose of Section 141 of The Negotiable Instruments Act, 1881 'company' means:
The explanation to section 141 defines company as a body corporate and includes a firm or other association of individuals. All three descriptions are therefore covered. For…
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For the purpose of Section 141 of The Negotiable Instruments Act, 1881 'company' means:
Answer and explanation
Correct answer D
The explanation to section 141 defines company as a body corporate and includes a firm or other association of individuals. All three descriptions are therefore covered. For a firm, the accompanying definition of director means a partner.
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