The word 'Company' explained under section 141 of the Negotiable Instruments Act, 1881, does not mean:
The Explanation to section 141 of the Negotiable Instruments Act, 1881, defines 'company' to mean any body corporate, and includes a firm or other association of…
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The word 'Company' explained under section 141 of the Negotiable Instruments Act, 1881, does not mean:
Answer and explanation
Correct answer D
The Explanation to section 141 of the Negotiable Instruments Act, 1881, defines 'company' to mean any body corporate, and includes a firm or other association of individuals, but it does not extend to any person acting as a banker.
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