Rule 21 of Part VI, Chapter II of the Bar Council of India Rules forbids an advocate to buy or traffic…
Rule 21 says nothing in it applies to stock, shares and debentures of government securities, to instruments that are "by law or custom, negotiable", or to any mercantile…
Choose your answer
Rule 21 of Part VI, Chapter II of the Bar Council of India Rules forbids an advocate to buy or traffic in, or stipulate for, any share or interest in an actionable claim. Which of the following is expressly excluded from this prohibition?
Answer and explanation
Correct answer C
Rule 21 says nothing in it applies to stock, shares and debentures of government securities, to instruments that are "by law or custom, negotiable", or to any mercantile document of title to goods. The other options are actionable claims of the kind the rule forbids an advocate to acquire. The exclusion covers ordinary commercial paper, not interests in disputes.
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