Which is outside the definition of ‘company’ in the Explanation to section 141 of the Negotiable…
Explanation (a) to section 141 includes any body corporate, a firm and other associations of individuals. An individual does not come within this definition solely by acting…
Choose your answer
Which is outside the definition of ‘company’ in the Explanation to section 141 of the Negotiable Instruments Act, 1881?
Answer and explanation
Correct answer D
Explanation (a) to section 141 includes any body corporate, a firm and other associations of individuals. An individual does not come within this definition solely by acting as a banker.
Option feedback
Option A
The Explanation expressly covers a body corporate.
Option B
The Explanation expressly includes a firm.
Option C
The Explanation expressly includes an association of individuals.
Option D
An individual acting as a banker is outside the three listed categories.
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